323 San Miguel Avenue, Salinas, California 93901, Salinas, 93901 - 7 bed, 5 bath
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Salinas, California 93901
This Expansive Multi-Generational Residence is a Strong Value Opportunity, listed at $1,075,000—positioned well below the $1,128,552 Fair Market Value by 4%. This valuation gap offers $53,552 in Instant Equity for buyers prepared to finalize the partial renovations. Featuring a modernized kitchen with stone counters and a Condition Rating of 3, the 3,425 sqft layout includes seven bedrooms and a private patio. Located directly across from Monterey Park Elementary, this is an ideal acquisition for Multi-generational Families or Owner-Occupants seeking scale and appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 323 San Miguel Avenue Subject | $1,075,000* List Price | 7 | 5 | 3,425 | $330 | - |
A 36 Pine Street Sold | $868,000 | 5 | 4 | 2,609 | $333 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is a 1963 build that has undergone significant partial renovations, particularly in the kitchen and main living areas. The kitchen features modern white shaker cabinetry, stone countertops, a mosaic tile backsplash, and high-end stainless steel appliances, including a professional-grade range. Flooring in the common areas has been updated to a contemporary wood-look laminate or LVP. While the listing notes the renovation is partial and requires completion by the next owner, the primary systems and aesthetic updates in the key areas make it move-in ready and well-maintained.
Boasting 7 bedrooms and 4.5 bathrooms across 3,425 square feet, this residence offers rare multi-generational living potential with three en-suite bedrooms and an optional 8th bedroom/office.
Ideally situated directly across from Monterey Park Elementary School and within close proximity to Salinas Valley Medical Center, shopping, and dining, making it a highly convenient and desirable setting.
The property is partially renovated, providing a unique opportunity for a buyer to select their own finishes and complete the updates to their personal taste while building immediate equity.
The home requires the next owner to manage and fund the completion of remaining updates, which may pose a challenge for buyers looking for a fully move-in-ready product.
Built in 1963, the property may require significant oversight or upgrades to original systems (such as plumbing or electrical) that were not addressed during the partial renovation.
Situated in one of South Salinas most sought-after neighborhoods, this expansive residence at 323 San Miguel offers exceptional scale, versatility, and location. The home features 7 bedrooms and 4.5 bathrooms, including three bedrooms with en-suite baths, ideal for multi-generational family living or guest accommodations. A formal living room with fireplace and an elegant formal dining room provide classic entertaining spaces, while the separate family room and eat-in kitchen offer comfortable everyday living. The primary suite is generously sized and includes an attached office with closet, which may also function as an optional 8th bedroom. The property has been partially renovated, presenting a unique opportunity for the next owner to complete the remaining updates and customize the home to their taste. The private courtyard-style backyard features a perfect area to entertain while the side yard presents several raised planter beds. Additional highlights include a two-car garage and an exceptional location directly across from Monterey Park Elementary School, with convenient access to Nob Hill Foods, Star Market, Starbucks, local restaurants, and Salinas Valley Medical Center. A rare opportunity to own a substantial home in a premier South Salinas setting.
No exterior & parking available.
Grades K-6 • 0.0 mi
Grades K-6 • 0.6 mi
Grades K-6 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 3.0 | 97% |
| Baths | 5.0 | 2.0 | 97% |
| Square foot | 3,425 | 1,612 | 97% |
| Lot Size | 9,400 | 6,500 | 97% |
| Price | $1.07M | $810.0K | 95% |
| Price per sq ft | $314 | $506 | 3% |
| Built year | 1963 | 1963 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 57 | 149 | 11% |
Feb 24, 2026
$1,075,000
Initial Listing
Feb 4, 2014
$500,000
Public Record