15400 Oak Hills Drive, Salinas, California 93907, Salinas, 93907 - 3 bed, 2 bath
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Salinas, California 93907
This Value-Add Renovation Project is listed at $689,000, compared to a $616,934 Fair Market Value. Marketed as a "contractor's dream," the property carries a Condition Rating of 5, necessitating a comprehensive restoration of its original 1969 systems and finishes. The asset's primary strength is its Substantial 20,620 Sqft Lot and prime location near the Monterey Peninsula and Moss Landing. With a spacious 1,830 Sqft Footprint, it offers a clear path for forced appreciation through modernization. This is a high-potential acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15400 Oak Hills Drive Subject | $689,000* List Price | 3 | 2 | 1,830 | $337 | - |
A 9525 S Century Oak Road Sold | $805,000 | 3 | 2 | 1,925 | $418 | 0.2 mi |
B 15175 Oak Hills Drive Sold | $800,000 | 3 | 2 | 1,770 | $452 | 0.3 mi |
C 9832 Clover Trail Sold | $685,000 | 4 | 3 | 2,072 | $331 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1969, this property is explicitly marketed as a 'contractor's dream' and 'diamond in the rough.' The interior features original wood paneling, dated kitchen cabinetry, old appliances, and popcorn ceilings. Given the age (>50 years) and the listing's emphasis on needing restoration and tools, it requires a full rehab rather than minor updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20620, living area = 1830.
Strategically located near Highway 101 and Highway 1, providing quick access to the Monterey Peninsula, Moss Landing, and local beaches.
The property sits on a generous 20,620 square foot lot, offering ample space for outdoor living, gardening, or potential structural expansions.
Marketed as a 'diamond in the rough,' the property requires substantial capital investment and labor to address its current condition and restore its functionality.
Built in 1969 and retaining original architectural elements, the home likely features aging systems and finishes that may not meet modern efficiency or aesthetic standards.
Located close to the coveted Monterey Peninsula. This single-level ranch-style home offers comfortable living with 3 bedrooms and 2 bathrooms. Perfectly positioned, just moments from Highway 101 and Highway 1 and just a stone's throw to the charming Moss Landing. This diamond in the rough presents a contractor's dream with a spacious footprint, original architectural charm and the potential to restore it to it's former glory with a keen eye and meticulous attention to detail. Envision sunlit roms, seamless flow for entertaining and a generous lot that invites outdoor living. A rare opportunity to create your own coastal reatreat in a prime Monterey Peninsula location with easy access to beaches, local eataries, and the natural beauty that Moss Landing and the surrounding areas are known for. Bring your vision, bring your tools, and unlock the full potential of this desirable property.
No exterior & parking available.
Grades 9-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,830 | 1,809 | 52% |
| Lot Size | 20,620 | 43,560 | 36% |
| Price | $689.0K | $867.5K | 21% |
| Price per sq ft | $377 | $510 | 7% |
| Built year | 1969 | 1979 | 26% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 200 | 2% |
Apr 10, 2026
$689,000
Initial Listing