120 Katherine Avenue, Salinas, California 93901, Salinas, 93901 - 2 bed, 1 bath
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120 Katherine Avenue
Salinas, California 93901
ACTIVE
CONDITION: POOR
2Beds
1Baths
821Sq Ft
4,700Lot Size
Property Price
LIST PRICE$529,000
EST. MARKET VALUE
$511,447
3% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $529,000—positioned well below the $511,448 Fair Market Value by -3%. Featuring a Fair Condition Rating (1929 build), the home requires significant modernization, yet offers a Generous Side Parking area and a Back Patio for functional utility. This asset is ideal for Buy-and-Hold Investors or Contractors seeking to build sweat equity through strategic renovations in the South Salinas market.
Estimated Market Value
$511,447
Based on Realkey algorithm analyzing recent comparable sales in Salinas.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 120 Katherine Avenue Subject 2 bd · 1 ba · 821 sqft · $623 | $529,000* List Price | 2 | 1 | 821 | $623 | - |
A 54 Katherine Avenue Sold 2 bd · 1 ba · 988 sqft · $582 · 0.1 mi | $575,000 | 2 | 1 | 988 | $582 | 0.1 mi |
B 116 Harvest Street Sold 2 bd · 1 ba · 991 sqft · $595 · 0.5 mi | $590,000 | 2 | 1 | 991 | $595 | 0.5 mi |
C 50 Katherine Avenue Sold 2 bd · 1 ba · 1,072 sqft · $522 · 0.1 mi | $560,000 | 2 | 1 | 1,072 | $522 | 0.1 mi |
D 251 E Romie Ln Pending 2 bd · 1 ba · 862 sqft · $463 · 0.2 mi | $399,000 List Price | 2 | 1 | 862 | $463 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1929 with no evidence of recent major renovations. The kitchen features highly dated tile countertops and wall-mounted fixtures (>30 years old), and the listing description explicitly mentions 'sweat equity' and 'potential,' signaling a need for significant rehabilitation to address age-related wear and outdated systems.
PROSSTRENGTHS & OPPORTUNITIES
- Investment Potential
Priced competitively for the South Salinas market, this property offers a prime opportunity for buyers to build significant sweat equity through strategic renovations.
- Ample Parking and Storage
The generous side parking area is a standout feature, providing rare and convenient space for oversized vehicles, RVs, or recreational toys.
- Abundant Natural Light
The home features a charming kitchen nook surrounded by windows, creating a bright and inviting atmosphere that enhances the overall feel of the interior.
CONSRISKS & DEFICIENCIES
- Limited Square Footage
At just 821 square feet with a 2-bedroom, 1-bathroom configuration, the living space may be restrictive for growing families or those needing a home office.
- Age and Condition
Built in 1929 and noted as needing a 'personal touch,' the property likely requires immediate capital investment for modernization and potential structural updates.
About 120 Katherine Avenue
This darling 2-bedroom, 1-bath South Salinas home is full of potential and ready for your personal touch! An affordable opportunity to build sweat equity, it features a cozy kitchen nook surrounded by windows that welcome beautiful natural light. Generous side parking offers room for oversized vehicles and recreational toys, while the back patio is perfect for gathering with family and friends. Whether youre looking for an investment or a sweet place to call home and make lasting memories, this charming property is ready for your vision!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1929
- Lot Size
- 4,700 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 821 | 1,582.189 |
| Lot Size | 4,700 | 6,844.911 |
| Price | $529.0K | $805.1K |
| Price per sq ft | $644 | $518 |
| Built year | 1929 | 1974 |
| HOA | $0 | $210 |
| Days on market | 2 | 45 |
Pricing History
Listed for Sale
Oct 22, 2026
$529,000
Initial Listing