45 Sherwood Drive, Salinas, California 93901, Salinas, 93901 - 0 bed, 0 bath
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Salinas, California 93901
Analysis of 45 Sherwood Drive, Salinas, California 93901 is currently available with a list price of $499,000. 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.
Property is extensive renovation needed.
Built in 1962, this 'contractor special' requires a full interior and exterior rehab. The kitchen is in significant disrepair with missing cabinet doors and dated fixtures, and the 'cash only' requirement indicates the property likely has safety or system defects that prevent traditional financing.
The property features a duplex configuration with a 3-bedroom front unit and a 2-bedroom back unit, offering immediate dual-stream rental income potential.
A detached garage provides the potential for a third unit (ADU) conversion, allowing investors to maximize the 6,500 sq. ft. lot's density and value.
Priced as a contractor special, this property offers significant forced appreciation potential for investors looking to renovate and build equity in a desirable Salinas location.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2044, other record living area = 1250.
The 'cash only' stipulation significantly limits the buyer pool to investors with liquid capital, excluding those reliant on traditional mortgage financing.
Labeled as a 'contractor special,' the property requires substantial repairs and modernization, necessitating a significant capital injection beyond the initial purchase price.
Investment Opportunity! Cash only Contractor special on a 6500 Sq Ft. The property features a three bedroom two bath unit in the front and a two bedroom one bath unit in the back and there is also a detached garage that the city of Salinas says could be converted to and ADU (Buyer's to verify on their own) Bring your vision and unlock the possibilities this property has to offer.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,044 | - |
| Lot Size | 6,500 | - |
| Price | $499.0K | $869.3K |
| Price per sq ft | $244 | $393 |
| Built year | 1962 | 0 |
| HOA | $0 | $0 |
| Days on market | 34 | 58 |
Jun 18, 2026
$499,000
Initial Listing