
Salinas, California 93901
This property presents a High-Potential Investment Opportunity with a List Price of $795,000—positioned well below the $704,957 Fair Market Value by -12%. While the property is priced above the current estimation, the 1930s bungalow features a detached 1-bedroom unit, offering significant rental income potential. With a Condition Rating of 4, the home requires cosmetic updates to modernize the dated kitchen and bath. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants looking to leverage the accessory unit for mortgage assistance.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 333 West Street Subject | $795,000* List Price | 2 | 1 | 1,286 | $548 | - |
A 22 Willow Street Sold | $615,000 | 2 | 1 | 1,178 | $522 | 0.5 mi |
B 826 Central Avenue Sold | $690,000 | 3 | 2 | 1,304 | $529 | 0.8 mi |
C 19 West Street Sold | $690,000 | 3 | 2 | 1,348 | $512 | 0.5 mi |
D 30 Santa Monica Court Sold | $794,000 | 3 | 2 | 1,354 | $586 | 0.9 mi |
E 451 La Jolla Way Sold | $700,000 | 3 | 2 | 1,285 | $545 | 0.9 mi |
F 1231 Padre Drive Sold | $780,000 | 3 | 2 | 1,247 | $626 | 1.0 mi |
G 40 Oak Active | $710,000 List Price | 3 | 2 | 1,324 | $536 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1930, the home is well-maintained and charming but features a kitchen and bathroom that are significantly dated, likely exceeding 30 years since the last major renovation. While functional and move-in ready, the property requires updates to the cabinetry, tile work, and appliances to meet modern standards.
The property features a detached 1-bedroom, 1-bathroom unit with a kitchenette, providing excellent flexibility for rental income, a guest house, or multi-generational living.
This 1930s South Salinas bungalow boasts timeless architectural appeal, including original wood floors and a signature Carmel stone fireplace.
Ideally situated in a highly desirable neighborhood, the home offers easy walking access to downtown Salinas, local schools, and essential shopping services.
The main residence contains only one bathroom for two bedrooms, which may be a drawback for modern families or those seeking a primary suite.
The listing agent has not verified the square footage, lot size, or school districts, necessitating additional due diligence and potential costs for the buyer to confirm accuracy.
Charming 1930 South Salinas bungalow ideally located close to schools, shopping and services and an easy walk to downtown. This 2 bedroom, 1 bath home offers approximately 1286 SF plus a 1 bed 1 bath unit with kitchenette and refrigerator. Timeless character including wood floors throughout most of the home, a beautiful Carmel stone fireplace, large bedrooms and an interior laundry room. Situated on a spacious 6500 SF lot with plenty of outdoor entertaining and gardening. 2 car detached garage with attached 1 bedroom, 1 bath unit and approx. 500 SF, offering additional flexibility and potential. A wonderful opportunity to own a classic South Salinas home filled with charm & character. Agent did not measure home, lot or verify schools.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 14% |
| Baths | 1.0 | 2.0 | 11% |
| Square foot | 1,286 | 1,612 | 17% |
| Lot Size | 6,500 | 6,750 | 47% |
| Price | $795.0K | $810.0K | 42% |
| Price per sq ft | $618 | $511 | 89% |
| Built year | 1930 | 1959 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 127 | 3% |
May 20, 2026
$795,000
Initial Listing
Nov 3, 1998
$176,000
Public Record