838 Caribbean Avenue, Salinas, California 93905, Salinas, 93905 - 3 bed, 2 bath
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Salinas, California 93905
This Value-Add Single-Family Residence represents a Prime Investment Opportunity listed at $625,000—positioned well below the $650,890 Fair Market Value by 3%. This pricing strategy provides $25,890 in Instant Equity for buyers ready to modernize the Dated Condition Rating infrastructure. Built in 1961, the home features a Spacious 1,599 Sq. Ft. Layout, Partial Mountain Views, and a 5,900 Sq. Ft. Lot, offering significant upside through cosmetic updates. Located with convenient access to local schools, it is an ideal acquisition for Buy-and-Hold Investors or first-time buyers looking to build wealth through sweat equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 838 Caribbean Avenue Subject | $599,000* List Price | 3 | 2 | 1,599 | $391 | - |
A 1094 Twin Creeks Drive Sold | $675,000 | 3 | 2 | 1,427 | $473 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1961, the home is significantly dated with original popcorn ceilings and a kitchen featuring worn wood cabinetry and older laminate counters. While the bathroom shows a mid-life tile renovation and the property is functional/livable, the overall condition requires cosmetic modernization and likely system updates to meet current standards.
With 1,599 square feet of living space and an open floor plan, this home offers a more generous and functional footprint than many standard three-bedroom residences in the area.
The 5,900 square foot lot provides a substantial backyard, offering ample room for gardening, outdoor entertaining, or potential property customization to fit a buyer's lifestyle.
Positioned as an ideal opportunity for first-time buyers or investors, the property serves as a solid foundation for those looking to build equity through modern upgrades and personalization.
Built in 1961, the home likely requires updates to its original systems and cosmetic finishes to meet contemporary energy efficiency and design standards.
Located in a high-density residential area of Salinas, the property may experience more localized traffic and noise compared to more secluded or newer subdivisions.
Welcome to 8358 Caribbean in Salinas, a home offering comfort, space, and great value. This property features a bright and open floor plan, ideal for both everyday living and entertaining. The spacious living areas are filled with natural light, creating a warm and functional layout. The kitchen offers ample cabinetry and counter space, making it well-suited for daily use and gatherings. Generously sized bedrooms provide flexibility for a variety of living needs, while the primary suite offers a comfortable retreat. The yard provides plenty of room for outdoor use, whether you're looking to entertain, garden, or customize the space to fit your lifestyle. Conveniently located with access to schools, shopping, and major routes, this home presents a solid opportunity for first-time buyers, investors, or anyone looking to add value and make it their own.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,599 | 1,354.5 | 73% |
| Lot Size | 5,900 | 6,000 | 46% |
| Price | $599.0K | $665.0K | 27% |
| Price per sq ft | $375 | $509 | 19% |
| Built year | 1961 | 1969 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 45 | 126 | 12% |
May 9, 2026
$599,000
$625,000
-4% Price Drop
Initial Listing
Apr 22, 2026
$625,000
Initial Listing