612 Central Avenue, Salinas, California 93901, Salinas, 93901 - 2 bed, 1 bath
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612 Central Avenue
Salinas, California 93901
ACTIVE UNDER CONTRACT
CONDITION: FAIR
2Beds
1Baths
788Sq Ft
6,500Lot Size
Property Price
LIST PRICE$699,000
EST. MARKET VALUE
$640,315
9% AboveMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $699,000—positioned well above the $640,315 Fair Market Value by 9%. Despite the premium, the Medium Density Residential Zoning and dual-unit configuration offer significant upside for forced appreciation. With a Condition Rating of 4, the property features a 3-year-old roof and recent cosmetic updates, though interior systems remain dated. This is a prime asset for Buy-and-Hold Investors or Owner-Occupants seeking to house-hack in a high-demand location near Hartnell College.
Estimated Market Value
$640,315
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 2 bd · 1 ba · 788 sqft · $813 | $699,000* List Price | 2 | 1 | 788 | $813 | - |
A 89 Clark Street Pending 2 bd · 1 ba · 884 sqft · $661 · 0.4 mi | $584,000 List Price | 2 | 1 | 884 | $661 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1935, this property is well-maintained with a newer roof (3 years old) and recent cosmetic updates including fresh paint and new carpeting. However, the kitchen and bathrooms remain dated, and given the age of nearly 90 years, the property likely requires modernization of interior systems and fixtures to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Income Potential
The property features two separate units with a combined potential monthly income of $4,500, offering excellent cash flow for investors or owner-occupants looking to house-hack.
- Development Opportunity
Zoned for Medium Density Residential on a generous 6,500 sqft lot, the property offers significant upside with the possibility to build additional units.
- Strategic Location
Situated in a prime South Salinas location near Hartnell College and Central Park, the property ensures high tenant demand and long-term desirability.
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 Square Footage
With only 788 square feet of living space, the units are relatively compact, which may limit appeal for buyers or tenants seeking more spacious interiors.
- Extended Market Time
The property has been on the market for 69 days and has already undergone a $30,000 price reduction, suggesting initial pricing resistance in the current market.
About 612 Central Avenue
New price! Ideal South Salinas location! This property has 2 separate units and currently used as a rental property. Centrally located near Hartnell College and Central Park. Unit one is a 2 bedroom 1 bath house with new carpets, padding, and fresh paint. It includes a washer and dryer, refrigerator, sun room, and large storage shed in private rear yard. This unit is currently vacant and could easily be rented for $2,900 per month Unit two is an attached studio/1 bath apartment that is currently leased for $1,600 per month on a month-to-month lease. It has its own private entrance and fenced rear yard area with storage shed. Both units have their own separate electric meters and washer & dryer machines. The entire roof is 3 years new. An added bonus of the property is the possibility to build additional units. Zoning for this property is Medium Density Residential.
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 | 1,582.189 |
| Lot Size | 6,500 | 6,844.911 |
| Price | $699.0K | $805.1K |
| Price per sq ft | $887 | $518 |
| Built year | 1935 | 1974 |
| HOA | $0 | $210 |
| Days on market | 108 | 45 |
Pricing History
Listed for Sale
Oct 5, 2026
$699,000
$779,000
-10% Price Drop
Initial Listing
Price Change
Aug 15, 2026
$779,000
$809,000
-4% Price Drop
Initial Listing
Price Change
Jul 8, 2026
$809,000
Initial Listing