318 West Street, Salinas, California 93901, Salinas, 93901 - 3 bed, 2 bath
Loading property details...
318 West Street
Salinas, California 93901
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,411Sq Ft
5,600Lot Size
Property Price
LIST PRICE$809,000
EST. MARKET VALUE
$749,671
7% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $809,000—positioned above the $749,672 Fair Market Value. While the property requires modernization, the 400-square-foot basement and detached workshop provide significant utility. With a Condition Rating of 4, the home offers a value-add project for those looking to modernize century-old systems. Its central location near Hartnell College and Downtown Salinas ensures long-term demand. This is a strategic acquisition ideal for Buy-and-Hold Investors or first-time buyers seeking a property with character and expansion potential.
Estimated Market Value
$749,671
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 |
|---|---|---|---|---|---|---|
★ 318 West Street Subject 3 bd · 2 ba · 1,411 sqft · $531 | $809,000* List Price | 3 | 2 | 1,411 | $531 | - |
A 333 West Street Sold 2 bd · 1 ba · 1,286 sqft · $560 · 0.1 mi | $720,000 | 2 | 1 | 1,286 | $560 | 0.1 mi |
B 40 Oak Sold 3 bd · 2 ba · 1,324 sqft · $514 · 0.7 mi | $680,000 | 3 | 2 | 1,324 | $514 | 0.7 mi |
C 51 Nacional Street Sold 2 bd · 1 ba · 1,097 sqft · $592 · 0.6 mi | $649,500 | 2 | 1 | 1,097 | $592 | 0.6 mi |
D 178 Del Mar Drive Sold 3 bd · 2 ba · 1,363 sqft · $499 · 0.9 mi | $680,000 | 3 | 2 | 1,363 | $499 | 0.9 mi |
E 643 Stanford Avenue Sold 3 bd · 2 ba · 1,154 sqft · $658 · 0.7 mi | $759,000 | 3 | 2 | 1,154 | $658 | 0.7 mi |
F 806 Columbia Avenue Sold 3 bd · 2 ba · 1,160 sqft · $642 · 0.9 mi | $745,000 | 3 | 2 | 1,160 | $642 | 0.9 mi |
G 640 Park Street Sold 3 bd · 2 ba · 1,672 sqft · $484 · 0.6 mi | $810,000 | 3 | 2 | 1,672 | $484 | 0.6 mi |
H 116 Harvest Street Sold 2 bd · 1 ba · 991 sqft · $595 · 0.6 mi | $590,000 | 2 | 1 | 991 | $595 | 0.6 mi |
I 162 Riker Terrace Active 3 bd · 2 ba · 1,377 sqft · $578 · 0.2 mi | $796,000 List Price | 3 | 2 | 1,377 | $578 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1920, the home shows significant age with dated interior finishes, including stone-pattern linoleum and older hardwood. The heating system relies on an aged wall unit rather than modern central HVAC, and the exterior deck and outbuildings show noticeable weathering and wear. The property is functional but requires aesthetic updates and system modernizations.
PROSSTRENGTHS & OPPORTUNITIES
- Additional Functional Space
The property features a 400-square-foot basement and a detached workshop shed, providing significant bonus utility and storage space not included in the primary living square footage.
- Prime Central Location
Ideally situated near Hartnell College and Downtown Salinas, the home offers excellent walkability to local businesses, services, and urban amenities.
- Historic Charm and Privacy
This 1920s cottage-style residence offers unique architectural character complemented by a private backyard retreat featuring a deck and mature trees.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1411, other record living area = 1811. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Aging Infrastructure
Built in 1920, the property may require significant updates to century-old systems, such as plumbing, electrical, and insulation, to meet modern standards.
- Market Pricing
The list price of $809,000 represents a substantial premium for a cottage-style home in this area, which may challenge the budget of its target first-time buyer demographic.
About 318 West Street
Charming cottage-style home in Salinas offering 3 bedrooms, 2 full bathrooms, and approximately 1,411 square feet of living space on a spacious 5,600-square-foot lot. The home also features a spacious basement with approximately 400 additional square feet that is not included in the stated 1,411 square feet of living space. The backyard offers a spacious shed currently used as a workshop, along with a deck and mature trees that create a private and inviting outdoor setting. Conveniently located near Hartnell College and Downtown Salinas, with West Alisal Street and a variety of local businesses and services just a short walk away. This property offers an excellent opportunity for a first-time home buyer or investor looking for a home with character, additional space, and a convenient location.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1920
- Lot Size
- 5,600 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,411 | 1,582.189 |
| Lot Size | 5,600 | 6,844.911 |
| Price | $809.0K | $805.1K |
| Price per sq ft | $573 | $518 |
| Built year | 1920 | 1974 |
| HOA | $0 | $210 |
| Days on market | 8 | 45 |
Pricing History
Listed for Sale
Oct 16, 2026
$809,000
Initial Listing
Sold
Jan 29, 2010
$300,000
Public Record
Sold
May 16, 2000
$235,000
Public Record
Sold
Jul 21, 1998
$155,000
Public Record