5100 Kiernan Ave, Salida, CA 95368, Salida, 95368 - 3 bed, 2 bath
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Salida, CA 95368
This Versatile Income-Producing Property is a Prime Investment Opportunity listed at $459,900—positioned well below the $475,869 Fair Market Value by 3%. This valuation gap offers $15,969 in Instant Equity. Boasting a Condition Rating of 2 after an extensive remodel, the home features a modernized kitchen and luxury vinyl flooring. The Zoning R2 on a quarter-acre lot allows for future development, while the attached studio provides immediate rental income. This is a strategic acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5100 Kiernan Ave Subject | $459,900* List Price | 3 | 2 | 1,392 | $330 | - |
A 5125 Amaro Way Sold | $545,000 | 3 | 2 | 1,540 | $354 | 0.8 mi |
B 4128 Kincaid Lane Sold | $498,500 | 4 | 2 | 1,400 | $356 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1950, the property has undergone an extensive recent renovation that meets current quality standards. The kitchen is fully modernized with white shaker cabinets, stone countertops, and stainless steel appliances. The bathrooms have been updated with contemporary vanities and tile work. The interior features new luxury vinyl plank flooring, recessed lighting, and fresh paint throughout, including a renovated attached studio, making all major living components virtually new.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11761, living area = 1392.
Zoned R2 on a generous quarter-acre lot, this property offers significant investment upside with the potential to build an additional dwelling while utilizing the existing studio for immediate rental income.
The inclusion of an attached studio with its own kitchen and bath, plus a greenhouse/sunroom, provides substantial functional living area beyond the official square footage, perfect for multi-generational living or guests.
Built in 1950, the home may have underlying infrastructure or systems that require more frequent maintenance compared to newer constructions, despite the recent interior remodeling.
Because the studio and sunroom square footage are not included in the official listing data, buyers may face challenges with appraisal valuations and securing traditional financing for the full perceived value.
This home is located in an established neighborhood in Salida with no Mello-Roos tax. It sits on over a quarter of an acre. It's just a few blocks from the highway, making it a great choice for commuters. It's conveniently located near the Vintage Faire Mall, restaurants, Costco, and lots of shopping. The home has been nicely remodeled and offers an open floor plan, ideal for a large family or entertaining. It also includes an attached studio (square footage not included in the listing) with a kitchen and bathroom, perfect for family, guests, or as a rental. An attached greenhouse/sunroom is also included (not included in the square footage). The large lot is great for gardening, entertaining, or if you need lots of parking. There is a large detached garage. The property is zoned R2 medium density, making it an investor's dream: live in the house, rent the studio, and potentially build an additional home. There's enough room for a future additional house while still having plenty of space for both homes. Some photos has virtual staging.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,392 | 1,614.5 | 34% |
| Lot Size | 11,761 | 5,998 | 97% |
| Price | $459.9K | $501.8K | 42% |
| Price per sq ft | $330 | $316 | 66% |
| Built year | 1950 | 1995 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 86 | 191 | 16% |
Jan 26, 2026
$459,900
Initial Listing
Aug 20, 2010
$90,000
Public Record