45 Sherwood Drive, Salinas, CA 93901
Two separate residential units plus a detached garage offer flexibility for income and possible ADU conversion.
- Added:
- Jun 19, 2026
- Days on Market:
- 19
- Last Refresh:
- Jun 27 at 2:43 am
Property Features for 45 Sherwood Drive
General Information
- Standard status
- Active
- Size
- 2,044 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1962
Listing office Compass (831) 869-2777
Listing date Jun 19, 2026
Source Exitrealty
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
HighLights
- Year built: 1962
- Front unit: 3‑bedroom, 2‑bath residence
- Back unit: 2‑bedroom, 1‑bath residence
- Detached garage on site, noted as potentially convertible to an ADU (buyer to verify)
Overview
The property is located at 45 Sherwood Drive in Salinas, California. The detached garage and rear unit provide a practical setup for residents and day-to-day use, with the existing two-unit design supporting straightforward management.
For buyers seeking a residential income property, the combination of a larger front unit and a smaller rear unit can be useful for accommodating different household needs. The on-site detached garage adds another area for consideration, including possible ADU development subject to buyer verification. The transaction is listed as cash only, and buyers should confirm all permitting, conversion rules, and intended use with the appropriate authorities.
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
- -121.6505706
- Latitude
- 36.6795519
