50 & 54 Katherine AVE new Save Request In-Person Tour Request Virtual Tour
Salinas,CA 93901
Key Details
Property Type Multi-Family
Sub Type Multiple Dwellings / Structures
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $699
MLS Listing ID ML82013810
Style Traditional
Bedrooms 4
Full Baths 3
Half Baths 1
Year Built 1928
Lot Size 0.278 Acres
Property Sub-Type Multiple Dwellings / Structures
Property Description
50 & 54 Katherine Ave, Salinas, CA 93901. Rare opportunity to purchase two separate legal parcels, each with its own single-family home, side by side in desirable South Salinas. Both homes have separate water, gas, and electric meters and are currently rented at market rents with professional property management in place, generating a combined monthly income of $4,995. The City of Salinas confirms that each parcel qualifies for an ADUallowing future owners to convert garages or rear space to add a second unit to both properties (buyer to verify). This creates significant potential to increase rental income and build equity over time. Perfect for investors seeking stable, income-producing properties. The step-up in tax basis has already been completed, minimizing the risk of a large supplemental tax bill. Please do not disturb tenants or visit the property without an appointment.
Location
State CA
County Monterey
Area Monterey Park
Zoning sfr
Rooms
Other Rooms Storage
Kitchen Appliances - Vary by Unit,Countertop - Tile,Exhaust Fan,Refrigerator
Interior
Heating Floor Furnace ,Wall Furnace
Cooling None
Flooring Carpet,Vinyl / Linoleum
Laundry Hookups Only
Exterior
Exterior Feature Back Yard
Parking Features Guest / Visitor Parking,Off-Street Parking,Workshop in Garage
Garage Spaces 2.0
Utilities Available Individual Electric Meters,Individual Gas Meters,Public Utilities
View Downtown
Roof Type Composition,Rolled Composition
Building
Lot Description Regular
Story 1
Foundation Concrete Perimeter and Slab
Sewer Sewer - Public
Water Public
Others
Special Listing Condition Not Applicable