447 Soledad Street, Salinas, California 93901, Salinas, 93901 - 0 bed, 0 bath
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447 Soledad Street
Salinas, California 93901
ACTIVE UNDER CONTRACT
CONDITION: POOR
0Beds
0Baths
4,175Sq Ft
7,791Lot Size
Property Price
LIST PRICE$999,000
SUMMARY
Analysis of 447 Soledad Street, Salinas, California 93901 is currently available with a list price of $999,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Salinas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1981 (43 years old) with explicit mention of deferred maintenance and being sold in its present condition. Interior photos show dated oak cabinetry, laminate countertops, and linoleum flooring that likely exceed a 30-year lifecycle, requiring a full rehab to meet modern market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Diverse Unit Mix
The property features a rare 3-bedroom unit alongside three 2-bedroom units, totaling over 4,000 sqft, which maximizes rental income potential compared to standard multi-family assets.
- Immediate Value-Add Potential
With one unit currently vacant, investors have the immediate opportunity to renovate and reset to market-rate rent, enhancing the property's capitalization rate from day one.
- Desirable South Salinas Location
Situated in a sought-after neighborhood with convenient access to schools, shopping, and major thoroughfares, ensuring long-term tenant demand and stability.
CONSRISKS & DEFICIENCIES
- Deferred Maintenance
The property is being sold in its present 'as-is' condition with noted deferred maintenance, requiring significant upfront capital expenditure for repairs and upgrades.
- Occupancy Constraints
With three units currently occupied, a new owner must navigate existing tenancies and applicable rental laws, which may limit the speed of property-wide improvements.
About 447 Soledad Street
Investment Opportunity in South Salinas! This four-unit property offers a desirable unit mix consisting of one 3-bedroom, 1.5-bath unit, one 2-bedroom, 1-bath unit, and two 2-bedroom, 1.5-bath units. Do not disturb tenants. Three units are currently tenant occupied and Unit #3 is available to rent out upon purchase, providing an opportunity for a new owner to make improvements and establish a new tenancy at a market rent, subject to applicable rental laws and regulations. The property has deferred maintenance and is being offered in its present condition, providing an opportunity for an investor to make improvements over time and enhance the property's overall condition and income potential. Convenient South Salinas location with access to shopping, schools, services, and major thoroughfares. A great opportunity for an investor looking for an established four-unit property with existing rental income, and future value-add potential.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1981
- Lot Size
- 7,791 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
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 | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 4,175 | 1,713 |
| Lot Size | 7,791 | 12,600 |
| Price | $999.0K | $815.8K |
| Price per sq ft | $239 | $363 |
| Built year | 1981 | 1938 |
| HOA | $0 | $0 |
| Days on market | 21 | 30 |
Pricing History
Listed for Sale
Aug 19, 2026
$999,000
Initial Listing