54 Katherine Avenue, Salinas, California 93901, Salinas, 93901 - 2 bed, 1 bath
Loading property details...
Salinas, California 93901
This 1928 Bungalow-Style Asset represents a strategic Value-Add Opportunity in a central Salinas location. Listed at $550,000, the property is positioned relative to a $479,837 Fair Market Value, with the price reflecting a substantial $149,000 reduction from its original listing. Given the Condition Rating of 5, the residence requires a comprehensive rehab of core systems and interiors to reach its full potential. However, the 6,100 Square Foot Lot and Detached Garage/Workshop offer significant upside for expansion or ADU development. This is a high-reward acquisition for Fix-and-Flip Investors or Contractors looking to capture forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 54 Katherine Avenue Subject | $550,000* List Price | 2 | 1 | 988 | $482 | - |
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 50 Katherine Avenue Active | $550,000 List Price | 2 | 1 | 1,072 | $513 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1928, this 96-year-old bungalow is well beyond the 30-50 year threshold for major system replacements. With no mention of renovations and a significant $149,000 price reduction, the property likely requires a full rehab of the kitchen, bathrooms, and core systems (HVAC/Electric) to meet modern safety and functional standards.
The property includes a rear detached garage and workshop, providing versatile space for storage, hobbies, or potential ADU conversion.
A substantial price reduction from the original $699,000 to $550,000 positions this home as a highly competitive entry-level or investment opportunity.
The 6,100 square foot lot offers ample outdoor space and expansion potential, which is a significant asset for a bungalow of this footprint.
The property is currently tenant-occupied, which may complicate scheduling for showings and delay immediate possession for owner-occupants.
Built in 1928, the home likely requires updates to its original systems and finishes to meet modern efficiency and aesthetic standards.
Cute bungalow style home with rear detached garage and workshop. Two bedrooms and 1 1/2 bathrooms. Tenant occupied.
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 | 988 | 1,612 | 6% |
| Lot Size | 6,100 | 6,750 | 22% |
| Price | $550.0K | $810.0K | 6% |
| Price per sq ft | $557 | $511 | 75% |
| Built year | 1928 | 1959 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 42 | 127 | 6% |
Apr 26, 2026
$550,000
Initial Listing
Apr 25, 2026
$699,000
Initial Listing