740 Alvarado Drive, Salinas, California 93907, Salinas, 93907 - 3 bed, 2 bath
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Salinas, California 93907
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $629,000—positioned above the $607,231 Fair Market Value. While the property is priced slightly above market, it offers a Fair Condition Rating with significant recent capital improvements, including a 2023 roof and new flooring. The functional floor plan, featuring a private primary suite, provides immediate utility for Buy-and-Hold Investors or first-time buyers. With a private patio and proximity to local schools, this move-in-ready home serves as a stable, low-maintenance asset in a convenient Salinas neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 740 Alvarado Drive Subject | $629,000* List Price | 3 | 2 | 1,170 | $519 | - |
A 1075 Sherman Drive Sold | $670,000 | 3 | 2 | 1,170 | $573 | 0.1 mi |
B 561 Powell Street Sold | $658,000 | 3 | 2 | 1,243 | $529 | 0.5 mi |
C 363 Greenwich Way Active | $690,000 List Price | 3 | 2 | 1,533 | $450 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is 45 years old (built 1979) and while it features a new roof (2023) and new flooring throughout, the kitchen is significantly dated with original-style oak cabinetry and older electric coil appliances. It is well-maintained and move-in ready, but the age of the kitchen and likely the bathrooms places it in the 'Fair' category as it needs cosmetic modernization.
The property features significant recent upgrades, including a new roof installed in 2023 and new flooring throughout, offering peace of mind and reduced immediate maintenance costs for the buyer.
The thoughtfully designed layout provides two bedrooms on the main level with a private primary suite upstairs, offering a versatile living arrangement that caters to various lifestyle needs.
This move-in-ready home is exceptionally well-maintained and clean, making it an ideal choice for first-time buyers or investors looking for a property that requires no immediate renovation.
The property was recently sold within the past year on 2025-08-25. The sold price is $629,000.00.
With 1,170 square feet of living space on a 3,420 square foot lot, the property is relatively compact, which may feel restrictive for larger families or those desiring significant outdoor space.
The assigned public schools have modest ratings ranging from 2 to 5, which could be a drawback for families specifically seeking high-performing educational districts.
Beautifully maintained home offering comfort, versatility, and an exceptional location. This inviting residence features 3/2, with a thoughtfully designed floor plan that provides 2 bedrooms and a full bath on the main level, while the upstairs primary suite creates a private retreat with its own bathroom. The bright and welcoming living room centers around a cozy fireplace, creating the perfect space to relax or gather with family and friends. New flooring throughout, roof replaced in 2023, large garage, clean and well maintained. Step outside to your private patio, an ideal setting for morning coffee, outdoor dining, or simply enjoying the afternoon sun. This desirable home offers the ease of low-maintenance living while still providing privacy and comfort. Whether you're a first-time buyer, downsizing, or looking for a smart investment, this move-in-ready property is an outstanding opportunity in one of the most convenient neighborhoods.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 0.5 mi
Grades K-6 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,170 | 1,621 |
| Lot Size | 3,420 | 7,100 |
| Price | $629.0K | $803.5K |
| Price per sq ft | $538 | $520 |
| Built year | 1979 | 1970 |
| HOA | $0 | $243 |
| Days on market | 5 | 45 |
Jul 17, 2026
$629,000
Initial Listing
Aug 25, 2025
$629,000
Public Record