628 Alameda Avenue, Salinas, California 93901, Salinas, 93901 - 5 bed, 3 bath
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628 Alameda Avenue
Salinas, California 93901
ACTIVE
CONDITION: FAIR
5Beds
3Baths
2,372Sq Ft
7,500Lot Size
Property Price
LIST PRICE$939,000
EST. MARKET VALUE
$924,496
SUMMARY
This Versatile Single-Family Residence represents a Strong Value Opportunity, listed at $959,000—positioned slightly above the $948,963 Fair Market Value. While the property requires modernization, its Fair Condition Rating is offset by a unique 500SF accessory unit, providing significant income potential. Located in the desirable Monterey Park neighborhood near top-rated schools, this home offers a rare blend of multigenerational flexibility and long-term stability. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build equity through strategic cosmetic updates.
Estimated Market Value
$924,496
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 |
|---|---|---|---|---|---|---|
★ 628 Alameda Avenue Subject | $939,000* List Price | 5 | 3 | 2,372 | $390 | - |
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 36 Pine Street Sold | $868,000 | 5 | 4 | 2,609 | $333 | 0.6 mi |
D 1167 Los Palos Drive Active | $999,000 List Price | 3 | 3 | 2,449 | $408 | 0.3 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 1961, this home is exceptionally well-maintained but remains largely in a dated condition. The kitchen features older wood cabinetry and tile countertops, and the bathrooms show fixtures and tiling likely over 30 years old. While functional and move-in ready, the property requires significant cosmetic updates and modernization of its primary systems to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Multigenerational Potential
The 500 sqft accessory unit above the garage, complete with a kitchen and full bath, offers excellent flexibility for rental income, guests, or a private home office.
- Prime Location
Situated in the desirable Monterey Park neighborhood, the home is within walking distance of Monterey Park Elementary and Salinas Valley Hospital, ensuring long-term desirability.
- Indoor-Outdoor Flow
The single-level floor plan features multiple patio doors leading to a meticulously landscaped backyard, creating a seamless transition for entertaining and daily living.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
- Market Momentum
With 58 days on the market and two recent price reductions, the property may be facing challenges in buyer perception or initial overpricing relative to current demand.
- Vintage Infrastructure
Built in 1961, the property may require updates to its original systems or cosmetic finishes to meet the expectations of modern buyers looking for contemporary amenities.
About 628 Alameda Avenue
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1961
- Lot Size
- 7,500 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Salinas Unified Schools
Monterey Park Elementary School
Grades K-6 • 0.1 mi
4/10
Lincoln Elementary School
Grades K-6 • 0.5 mi
6/10
Mission Park Elementary School
Grades K-6 • 1.2 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,372 | 1,586.885 |
| Lot Size | 7,500 | 6,939.262 |
| Price | $939.0K | $809.5K |
| Price per sq ft | $396 | $527 |
| Built year | 1961 | 1973 |
| HOA | $0 | $218 |
| Days on market | 67 | 46 |
Pricing History
Listed for Sale
Sep 3, 2026
$939,000
$959,000
-2% Price Drop
Initial Listing
Price Change
Aug 18, 2026
$959,000
$979,000
-2% Price Drop
Initial Listing
Price Change
Jul 31, 2026
$979,000
$999,000
-2% Price Drop
Initial Listing
Price Change
Jul 4, 2026
$999,000
Initial Listing