Two-Unit Duplex with Detached
For Sale
$1,279,000
7685-7695 Pine Tree, Salinas, CA 93907
Residential Income (2-4 units), Salinas, CA
Property Size2,302 SF
Lot Size0.50 Acres
Price / SF$555.60
Days on Market48
Property Features for 7685-7695 Pine Tree
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R
Bedrooms
6
Rooms
Bedroom 6, Bedroom 3, Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 5
Parking features
Garage - Detached
Subdivision
Prunedale, Elkhorn, Moss Landing
Standard status
Active
Size
2,302 SF
Lot size
0.50 Acres
Utilities
Heating system
Wall Furnace
Water source
Private
Amenities
fenced backyards
Building Details
Year built
1962
Number of units
2
Roof type
Composition
Listing Agency:
Compass
(831) 318-0150
Listed By:
Betty Stringer · License #02042438
(831) 801-0730
Added: Sep 1
Changed: Oct 12
Last Checked: Oct 18 at 9:06AM
MLS# ML82059303
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.
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Investment Insights
Based on property information with market context.
Set on a usable 0.5-acre parcel, this duplex contains two residences totaling approximately 2,302 square feet. Each unit is approximately 1,151 square feet, with three bedrooms, two full bathrooms, and a bonus room with a closet that may serve as a fourth bedroom or office. Both residences have individual utility meters and wall heaters, along with private fenced backyards. A detached garage was recently constructed and finished.
The property is outside city limits and the Coastal Zone, with access to Highway 101 near a traffic signal. Water is provided through a shared system. Two 1,500-gallon septic systems were recently pumped and inspected. The property was built in 1962 and is zoned R.
The property is outside city limits and the Coastal Zone, with access to Highway 101 near a traffic signal. Water is provided through a shared system. Two 1,500-gallon septic systems were recently pumped and inspected. The property was built in 1962 and is zoned R.
Key Highlights
- Two residences totaling approximately 2,302 square feet on a 0.5‑acre lot
- Each unit is approximately 1,151 square feet with 3 bedrooms and 2 full bathrooms
- Bonus room with closet in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,207
Cap Rate
3.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$804,140
$804.1K
Cap Rate 7%
$574,386
$574.4K
Cap Rate 9%
$446,744
$446.7K
Market Conditions
NOI Build-Up for 2,302 SF
Gross rent
$58.8K $25.56/SF
− Vacancy
−$1.4K −$0.61/SF
EGI
$57.4K $24.95/SF
− OpEx
−$17.2K −$7.49/SF
NOI
$40.2K $17.47/SF
Area
Salinas, CA
Vacancy
2.38%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$804,140
Cap Rate 7%
$574,386
Cap Rate 9%
$446,744
Alternative Uses
Best Use
Multifamily LT 5
$574.4K
$502.6K – $670.1K
NOI $40,207 @ 7.0% cap · market cap 3.14%
Second Best
Apartment 5plus
$529.0K
$462.9K – $617.2K
NOI $37,033 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$724.9K
$634.3K – $845.7K
NOI $50,740 @ 7.0% cap · market cap 3.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
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Business Placement
Demographics for 93907, CA
23,315
Population
7,659
Households
3
Avg Household Size
39
Median Age
22%
College-Educated
74%
High-School Grad
54.5 sq mi
ZIP Area
428
Density / Sq Mi
$103,268
Median Household Income
$38,199
Median Earnings
$2,122
Median Rent
$676,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, two full bathrooms, a bonus room, and a private fenced yard.
Where is this duplex located?
The property is located at 7685-7695 Pine Tree Salinas, CA.
What is the asking price?
The asking price for this property is $1,279,000.
What are key features of this property?
This property features: Two residences totaling approximately 2,302 square feet on a 0.5‑acre lot; Each unit is approximately 1,151 square feet with 3 bedrooms and 2 full bathrooms; Bonus room with closet in each residence
