Contractor-Ready Duplex
1119 C Street Salinas, CA 93905
1119 C Street, Salinas, CA, 93905
$499,000
Pending
For Sale
$499,000
Pending
Oversized lot duplex with a 3-bedroom, 1-bath main home and a separate 1-bedroom, 1-bath unit.
Property Size1,713 SF
Lot Size0.28 Acres
Days on Market48
Property Features for 1119 C Street
General Information
- Standard status
- Pending
- Size
- 1,713 SF
- Lot size
- 0.28 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1938
Listing agency
Compass
(831) 809-4100
Listed by
Chantel Henson · License #01271580
(831) 809-4100
Source
Exitrealty
Added: Jun 4 Updated: Jul 21 at 2:31PM Checked: Jul 21 at 2:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
This duplex includes a 3-bedroom, 1-bath main home and a separate 1-bedroom, 1-bath unit. The property is being marketed as a contractor special and is intended for buyers ready to bring it back to livable condition.
The asset sits on an oversized 12,000+ square foot lot and offers ample off-street parking. A deep driveway and side yard access through a wide gate provide room for vehicles, equipment, or storage.
The configuration supports both owner-occupant and rental use, with two separate units on one parcel.
The asset sits on an oversized 12,000+ square foot lot and offers ample off-street parking. A deep driveway and side yard access through a wide gate provide room for vehicles, equipment, or storage.
The configuration supports both owner-occupant and rental use, with two separate units on one parcel.
Key Highlights
- 1938‑built duplex on an oversized 12,000+ SF lot
- Main home: 3‑bedroom, 1‑bath
- Separate unit: 1‑bedroom, 1‑bath
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 | $43.8k | $25.56 |
| − Vacancy | −$1.0k | −$0.61 |
| EGI | $42.7k | $24.95 |
| − OpEx | −$12.8k | −$7.49 |
| NOI | $29.9k | $17.47 |
1,713 SF · lease $25.56/SF/yr · vacancy 2.38% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$427.4K
$374.0K – $498.7K
NOI $29,920 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$393.7K
$344.5K – $459.3K
NOI $27,558 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$539.4K
$472.0K – $629.3K
NOI $37,757 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Oversized lot duplex with a 3-bedroom, 1-bath main home and a separate 1-bedroom, 1-bath unit.
Where is this duplex located?
The property is located at 1119 C Street Salinas, CA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 1938‑built duplex on an oversized 12,000+ SF lot; Main home: 3‑bedroom, 1‑bath; Separate unit: 1‑bedroom, 1‑bath
