612 Central Avenue, Salinas, California 93901, Salinas, 93901 - 0 bed, 0 bath
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Salinas, California 93901
This Value-Add Residential Income Duplex is listed at $849,000, positioned in the high-demand South Salinas rental market. While the $666,499 Fair Market Value reflects the dated interior, the property offers immense upside through its ADU Development Potential on a 6,500-square-foot lot. Holding a Fair Condition Rating, the asset features critical 2023 infrastructure updates including a New TPO Roof, Exterior Paint, and Vinyl Windows. Proximity to Salinas High School and Hartnell College ensures long-term tenant stability. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-utility asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 612 Central Avenue Subject | $849,000* List Price | 0 | 0 | 1,256 | $531 | - |
A University Avenue Sold | $890,000 | 0 | 0 | 1,754 | $507 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a 1935 build that has been maintained with significant recent exterior improvements, including a new TPO roof, vinyl windows, and fresh paint in 2023. However, the interior remains dated with older carpeting, aged light fixtures, and heavily textured walls. The absence of kitchen and bathroom photos typically indicates these areas are functional but outdated and in need of modernization. While the major systems like the roof and windows are excellent, the overall interior condition and cracked exterior concrete align with the 'fair' category.
The property features significant upgrades completed in late 2023, including a new TPO roof, fresh exterior paint, and new vinyl windows, reducing immediate maintenance costs for the buyer.
With a 6,500-square-foot lot and existing duplex zoning, there is a distinct possibility to build an additional ADU in the rear, allowing for increased density and rental income.
Ideally situated near Hartnell Community College, Salinas Valley Health Medical Center, and major transit corridors, ensuring high tenant demand and convenience for owner-occupants.
Built in 1935, the property may have underlying legacy systems typical of its era, such as older plumbing or electrical components, that were not addressed in the recent cosmetic and exterior refresh.
The total living area of 1,256 square feet is split between two units, resulting in relatively compact living spaces that may limit the rental premium or appeal to tenants seeking more room.
Great opportunity to own this duplex in South Salinas. 2 units: Front unit is a 2 bedroom 1 bath house, second unit located in the rear and is a spacious studio apartment with 1 bath. Studio 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 ADU unit in back. 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 will be vacant at close of escrow.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades K-6 • 1.2 mi
Grades K-6 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,256 | 2,104 | 20% |
| Lot Size | 6,500 | 7,664 | 20% |
| Price | $849.0K | $870.0K | 20% |
| Price per sq ft | $676 | $413 | 80% |
| Built year | 1935 | 1953 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 148 | 160 | 40% |
Apr 8, 2026
$849,000
$899,000
-6% Price Drop
Initial Listing
Nov 25, 2025
$899,000
Initial Listing