50 Katherine Avenue, Salinas, California 93901, Salinas, 93901 - 2 bed, 1 bath
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Salinas, California 93901
This South Salinas Investment Asset is listed at $550,000, representing a strategic entry point into a stable residential market compared to the $494,551 Fair Market Value. With a Condition Rating of 5, the property necessitates significant capital improvements to modernize its 1930s systems and vintage finishes. However, the expansive 6,005 Square Foot Lot and rear detached garage provide a high-utility footprint for ADU development or expansion. Currently tenant-occupied, this property offers immediate rental income for Buy-and-Hold Investors or Fix-and-Flip Investors focused on forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 50 Katherine Avenue Subject | $550,000* List Price | 2 | 1 | 1,072 | $455 | - |
A 22 Willow Street Sold | $615,000 | 2 | 1 | 1,178 | $522 | 0.4 mi |
B 451 La Jolla Way Sold | $700,000 | 3 | 2 | 1,285 | $545 | 0.8 mi |
C 54 Katherine Avenue Active | $550,000 List Price | 2 | 1 | 988 | $557 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1930, this 94-year-old property is marketed as an investment home with no mention of recent renovations. Given the age and 'investment' status, the kitchen, bathrooms, and core systems (HVAC/Electric) likely require significant rehab to meet modern standards.
Situated in the highly desirable South Salinas neighborhood, this property is positioned in a sought-after area known for its residential stability and long-term value retention.
The generous 6,005 square foot lot features a rear detached garage, providing an excellent opportunity for an Accessory Dwelling Unit (ADU) conversion or expansion.
As an established investment property with existing tenants, it offers immediate cash flow for investors looking for a turnkey rental opportunity in a strong market.
With tenant rights prevailing, immediate possession is not available, which may deter owner-occupant buyers who need to move in shortly after closing.
Built in 1930, the property may require significant capital improvements to modernize aging electrical, plumbing, and insulation systems to meet current standards.
Adorable investment home in South Salinas. 2 bedrooms 1 bathroom and a rear detached garage. Tenant rights prevail and the property is currently tenant occupied. Great location.
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 | 1,072 | 1,612 | 8% |
| Lot Size | 6,005 | 6,750 | 22% |
| Price | $550.0K | $810.0K | 6% |
| Price per sq ft | $513 | $511 | 53% |
| Built year | 1930 | 1959 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 42 | 127 | 6% |
Apr 25, 2026
$550,000
Initial Listing
Aug 15, 2011
$857,500
Public Record