628 Alameda Avenue, Salinas, California 93901, Salinas, 93901 - 5 bed, 3 bath
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Salinas, California 93901
This Versatile Multi-Generational Property represents a Strong Value Opportunity, listed at $999,000—positioned above the $959,596 Fair Market Value. While priced at a premium, the property offers significant utility through its 500SF ADU/Guest Suite and Circular Driveway. With a Condition Rating of 4, the home is functional but requires cosmetic modernization to reach its full potential. Located in the desirable Monterey Park neighborhood near Salinas Valley Hospital, this asset is ideal for Buy-and-Hold Investors seeking rental income or Owner-Occupants needing flexible living space.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 628 Alameda Avenue Subject | $999,000* List Price | 5 | 3 | 2,372 | $405 | - |
A 1211 Via Paraiso Sold | $910,000 | 3 | 2 | 1,792 | $508 | 0.2 mi |
B 15 Del Rey Circle Sold | $940,000 | 4 | 3 | 2,108 | $446 | 0.7 mi |
C 1180 San Marcos Drive Sold | $810,000 | 3 | 2 | 1,998 | $405 | 0.3 mi |
D 36 Pine Street Sold | $868,000 | 5 | 4 | 2,609 | $333 | 0.6 mi |
E 1201 San Angelo Drive Sold | $820,000 | 3 | 2 | 1,588 | $516 | 0.5 mi |
F 207 Encinada Drive Sold | $790,000 | 3 | 2 | 1,462 | $540 | 0.3 mi |
G 219 Pine Street Active | $899,000 List Price | 3 | 2 | 2,029 | $443 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1961, the home appears well-maintained but is significantly dated. The kitchen features older oak cabinetry and tile countertops, and the bathrooms contain original-style square tiling and fixtures, indicating renovations are likely 30+ years old. While functional and move-in ready, the property requires comprehensive cosmetic updates to systems and finishes to meet modern standards.
The property features a separate 500 sqft living space above the garage with a full kitchen and bathroom, offering excellent potential for rental income, a home office, or multigenerational living.
Situated in the highly desirable Monterey Park neighborhood, the home is within walking distance to Monterey Park Elementary and just blocks from Salinas Valley Hospital, ensuring strong long-term value.
The residence boasts a convenient circular driveway and an attached garage, providing rare and ample off-street parking for multiple vehicles and guests.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
Built in 1961, the property may require ongoing maintenance or modernization of original systems and finishes to meet contemporary energy efficiency and aesthetic standards.
While the home is conveniently located near several schools, the local public school ratings are average, which may be a consideration for families prioritizing top-tier academic scores.
Nestled in the highly desirable Monterey Park neighborhood of South Salinas, this beautifully maintained single-level home offers the perfect blend of comfort, flexibility, and convenience. The main residence features 4 bedrooms and 2 full bathrooms with a spacious, functional floor plan designed for everyday living and entertaining. Multiple patio doors seamlessly open to a meticulously landscaped backyard, creating the perfect indoor-outdoor living experience. A standout feature is the approx 500SF living space above the garage, complete with its own kitchen, full bathroom, and walk-in closet, ideal for multigenerational living, extended family, guests, a private home office, or potential rental income. The property also features a convenient circular driveway, providing ample off-street parking in addition to the attached garage. Ideally located just blocks from Salinas Valley Hospital and walking distance to Monterey Park Elementary School, you'll also enjoy nearby parks, shopping, dining, and easy access to Highway 101. Whether you're seeking additional living space, an income-producing opportunity, or a home that can grow with your family's needs, this versatile property offers exceptional value in one of South Salinas' most sought-after neighborhoods.
No exterior & parking available.
Grades K-6 • 0.1 mi
Grades K-6 • 0.5 mi
Grades K-6 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,372 | 1,621 |
| Lot Size | 7,500 | 7,100 |
| Price | $999.0K | $803.5K |
| Price per sq ft | $421 | $520 |
| Built year | 1961 | 1970 |
| HOA | $0 | $243 |
| Days on market | 18 | 45 |
Jul 4, 2026
$999,000
Initial Listing