Duplex with Detached
For Sale
$1,279,000
Pending
7685-7695 Pine Tree, Salinas, CA 93907
Two separately metered residences offer private fenced yards, flexible bonus space, and substantial outdoor storage and parking areas.
Property Size2,302 SF
Lot Size0.50 Acres
Days on Market50
Property Features for 7685-7695 Pine Tree
General Information
Standard status
Pending
Size
2,302 SF
Lot size
0.50 Acres
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1962
Listing Agency:
Compass
Listed By:
Betty Stringer · License #02042438
(831) 801-0730
Source:
Exitrealty
Added: Sep 4
Changed: Oct 6
Last Checked: Oct 7 at 11:06AM
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
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Investment Insights
Based on property information with market context.
This Prunedale duplex includes two separately metered residences, each with approximately 1,151 square feet, three bedrooms, two full bathrooms, and a bonus room with a closet. Converted original single-car garages add a bedroom and full bathroom to each unit. Wall heaters serve both residences, and each unit has its own fenced backyard.
The property sits on a usable 1/2-acre lot outside city limits and the Coastal Zone. Its front portion provides room for parking, storage, equipment, recreational vehicles, or animals. A newly constructed detached garage adds additional enclosed storage. Water is shared, and the property has two 1,500-gallon septic systems that were recently pumped and inspected. Quick access to Highway 101 is available from the Prunedale location near a stoplight.
The property sits on a usable 1/2-acre lot outside city limits and the Coastal Zone. Its front portion provides room for parking, storage, equipment, recreational vehicles, or animals. A newly constructed detached garage adds additional enclosed storage. Water is shared, and the property has two 1,500-gallon septic systems that were recently pumped and inspected. Quick access to Highway 101 is available from the Prunedale location near a stoplight.
Key Highlights
- Two‑unit duplex on a usable 1/2‑acre lot outside city limits and the Coastal Zone
- Each unit has approximately 1,151 SF, 3 bedrooms, 2 full bathrooms, and a bonus room with closet
- Original single‑car garages converted to an additional bedroom and full bathroom per unit
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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Lease Details
2
Residential units
Yes
Highway access
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered residences offer private fenced yards, flexible bonus space, and substantial outdoor storage and parking areas.
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‑unit duplex on a usable 1/2‑acre lot outside city limits and the Coastal Zone; Each unit has approximately 1,151 SF, 3 bedrooms, 2 full bathrooms, and a bonus room with closet; Original single‑car garages converted to an additional bedroom and full bathroom per unit
