45 Sherwood DR, Salinas, CA 93901
MULTI_FAMILY - SALINAS, CA
- Added:
- Jun 19, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 21 at 6:06 pm
Property Features for 45 Sherwood DR
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MX, Mixed USe
- Bedrooms
- 5
- Rooms
- Bedroom 3, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 4
- Parking
- 1
- Parking features
- Off Street, Garage - Detached
- Standard status
- Active
- Size
- 2,044 SF
- Lot size
- 0.15 Acres
Utilities
- Heating system
- Wall Furnace
- Water source
- Public
Building Details
- Year built
- 1962
- Number of units
- 2
- Flooring type
- Tile, Laminate
- Building materials
- Wood Frame
- Roof type
- Shingle
Listing agent Mark Cohan License #01309413 (831) 869-2777
Listing office Compass 6th Avenue 2SW of San Carlos, San Francisco, CA (831) 318-0150
Listing date Jun 19, 2026
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Wood frame building built in 1962 with shingle roof
- Front unit: 3 bedrooms and 2 bathrooms
- Back unit: 2 bedrooms and 1 bathroom
- Detached garage plus off‑street parking
- Utilities and services: public water; wall furnace heating
- Interior flooring includes laminate and tile
Overview
The property is listed for sale as a contractor special and is noted as cash-only. Zoning is listed as MX, Mixed Use, and the lot size is given as 0.1492 acres. Property size is listed as 2,044 square feet.
This configuration may appeal to buyers seeking an owner-occupied setup with a second rental unit, or an investor looking for two separate residential layouts in one offering. Any ADU conversion would need to be confirmed by the buyer through their own due diligence, consistent with the note that buyers should verify requirements on their own.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.2k | $25.56 |
| − Vacancy | −$1.2k | −$0.61 |
| EGI | $51.0k | $24.95 |
| − OpEx | −$15.3k | −$7.49 |
| NOI | $35.7k | $17.47 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Salinas
- County
- Monterey
- State
- California
- Longitude
- -121.650565
- Latitude
- 36.679563
