612 Central Avenue, Salinas, California 93901, Salinas, 93901 - 2 bed, 1 bath
Loading property details...
612 Central Avenue
Salinas, California 93901
ACTIVE
CONDITION: GOOD
2Beds
1Baths
788Sq Ft
6,500Lot Size
Property Price
LIST PRICE$779,000
EST. MARKET VALUE
$724,585
7% AboveMARKET VALUE
SUMMARY
This property represents a Strong Value Opportunity, listed at $779,000—positioned well above the $724,586 Fair Market Value by 7%. While the list price reflects a premium, the property offers significant income potential through its attached junior ADU and 6,500 sqft lot with detached ADU development upside. Featuring a Condition Rating of 3 with recent 2023 upgrades including a new TPO roof and vinyl windows, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through rental income.
Estimated Market Value
$724,585
Based on Realkey algorithm analyzing recent comparable sales in Salinas.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 612 Central Avenue Subject | $779,000* List Price | 2 | 1 | 788 | $920 | - |
A 62 Buena Vista Street Active | $680,000 List Price | 2 | 1 | 883 | $770 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While built in 1935, the property underwent significant updates in September 2023, including a new TPO roof, exterior paint, and vinyl windows. The interior features fresh paint and new carpets, making it move-in ready. Although the kitchen and bath styling appear dated, the major system improvements and recent cosmetic refreshes meet the criteria for a well-maintained, functional home.
PROSSTRENGTHS & OPPORTUNITIES
- Income Generation Potential
The property features an attached junior ADU generating $1,600 per month with separate electric meters and laundry, plus a 6,500 sqft lot that offers the possibility to build an additional detached ADU.
- Substantial Seller Incentives
A generous seller credit of up to $30,000 toward closing costs or a mortgage rate buy-down provides a significant financial advantage and improves overall affordability for the buyer.
- Recent Capital Improvements
Extensive upgrades completed in late 2023, including a new TPO roof, vinyl windows, and exterior paint, significantly reduce immediate maintenance concerns and enhance the home's energy efficiency.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 788, other record living area = 1256. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
- Limited Living Space
The main residence is quite compact at only 788 square feet for a two-bedroom layout, which may feel restrictive for families or buyers seeking spacious common areas.
- High Price per Square Foot
With a list price of $809,000 for a small footprint, the property commands a high price-per-square-foot that may be challenging for some buyers to justify relative to larger homes in the area.
About 612 Central Avenue
New price! Won't last! Great opportunity to own this 2 bedroom 1 bath home in South Salinas with attached junior ADU (studio/1 bath/$1600 per month/month-to-month lease). Junior ADU has its own private entrance and fenced rear yard area. Separate electric meters. Each unit has their own washer & dryer machines. New TPO roof, exterior painting, & vinyl windows installed in September 2023. Possibility to build additional detached ADU unit in back. 2 bed 1 bath has new paint and carpets. Close to Hartnell Community College, shopping, schools, grocery, banks, Salinas Valley Health Medical Center, Salinas City Center- Downtown, hwy 183, hwy 101, and hwy 68. Front unit is vacant ready for Owner move in or new tenant. Could possibly convert back to 3 bed 2 bath single family dwelling.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1935
- Lot Size
- 6,500 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Salinas Unified Schools
Roosevelt Elementary School
Grades K-6 • 0.5 mi
4/10
Laurel Wood Elementary School
Grades K-6 • 1.2 mi
4/10
Boronda Elementary
Grades K-6 • 1.5 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 788 | 1,586.885 |
| Lot Size | 6,500 | 6,939.262 |
| Price | $779.0K | $809.5K |
| Price per sq ft | $989 | $527 |
| Built year | 1935 | 1973 |
| HOA | $0 | $218 |
| Days on market | 63 | 46 |
Pricing History
Listed for Sale
Aug 15, 2026
$779,000
$809,000
-4% Price Drop
Initial Listing
Price Change
Jul 8, 2026
$809,000
Initial Listing