1242 Adams Street, Salinas, California 93906, Salinas, 93906 - 2 bed, 2 bath
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Salinas, California 93906
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $699,000—positioned slightly above the $675,144 Fair Market Value. While the property requires modernization, its Condition Rating of 4 reflects recent cosmetic updates like new LVP flooring and a newer roof. The expansive 7,400 sq. ft. lot offers significant Development Potential, including space for an ADU. Ideally suited for Buy-and-Hold Investors or Owner-Occupants, this home provides a functional, well-located asset near major commute corridors and essential retail.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1242 Adams Street Subject | $699,000* List Price | 2 | 2 | 1,349 | $500 | - |
A 1205 Monroe Street Sold | $665,000 | 2 | 1 | 1,193 | $557 | 0.1 mi |
B 1170 Tyler Street Sold | $711,000 | 3 | 2 | 1,108 | $642 | 0.3 mi |
C 216 Toyon Avenue Sold | $638,000 | 4 | 2 | 1,443 | $442 | 0.7 mi |
D 319 Tapadero Sold | $699,000 | 2 | 2 | 1,331 | $525 | 0.7 mi |
E 530 Inca Way Sold | $725,000 | 3 | 2 | 1,441 | $503 | 0.4 mi |
F 344 Pueblo Drive Sold | $582,000 | 3 | 2 | 1,172 | $497 | 0.3 mi |
G 217 Iris Drive Sold | $645,000 | 3 | 2 | 1,498 | $431 | 0.6 mi |
H 438 Seminole Way Sold | $726,000 | 3 | 2 | 1,231 | $590 | 0.5 mi |
I 1350 Cherokee Drive Active | $795,000 List Price | 3 | 2 | 1,216 | $654 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1950, the home has received recent cosmetic updates including new LVP flooring, fresh interior/exterior paint, and a newer roof. However, the kitchen and bathrooms are described as having 'classic' tile, with photos confirming dated 1950s-style fixtures and surfaces that likely exceed 30 years in age. While move-in ready, the property requires significant modernization of its primary systems and wet areas to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7400, living area = 1349.
The property features new LVP flooring, fresh interior paint, and a roof and exterior paint that are only a few years old, offering a move-in ready experience with reduced immediate maintenance costs.
The expansive 7,400 square foot lot provides a blank slate for landscaping or the potential addition of an Accessory Dwelling Unit (ADU), offering significant value-add opportunities.
With only two bedrooms for 1,349 square feet of living space, the layout may be less attractive to larger families or buyers requiring a dedicated home office.
Most assigned and nearby elementary and middle schools carry low ratings (2-3 out of 10), which may impact long-term resale value and appeal to family-oriented buyers.
This great home features new LVP flooring and interior paint in this well designed functional living space with ample sized rooms and a very large lot. Located in a convenient Salinas location, near Costco and all the essential amenities and commute corridors. This 2-bedroom, 1.5 bath home offers 1,349 square feet of living space. The living room features a gas-burning fireplace, providing a cozy atmosphere. The property includes a separate family room that is open to the dining and kitchen area. Laundry facilities are conveniently located in the garage, which has space for one vehicle. The roof and exterior paint are only a few years old. Enjoy the classic tile in the kitchen and full bathroom. The back yard is a blank slate ready for your vision. Perhaps an ADU? Check with the City for the possibilities.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 0.5 mi
Grades K-6 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,349 | 1,621 |
| Lot Size | 7,400 | 7,100 |
| Price | $699.0K | $803.5K |
| Price per sq ft | $518 | $520 |
| Built year | 1950 | 1970 |
| HOA | $0 | $243 |
| Days on market | 12 | 45 |
Jul 10, 2026
$699,000
Initial Listing