Duplex With Detached
For Sale
$1,279,000
76857695 Pine Tree, Salinas, CA 93907
Two residences provide flexible layouts, private fenced yards, and separate utility meters.
Property Size2,302 SF
Lot Size0.50 Acres
Price / SF$555.60
Days on Market48
Property Features for 76857695 Pine Tree
General Information
Standard status
Active
Size
2,302 SF
Lot size
0.50 Acres
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
1962
Listing Agency:
Compass
Listed By:
Betty Stringer · License #02042438
(831) 801-0730
Source:
Exitrealty
Added: Sep 3
Changed: Sep 15
Last Checked: Sep 15 at 5:55AM
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.
Built in 1962, this duplex includes two residences with approximately 1,151 SF each. Both layouts feature 3 bedrooms, 2 full bathrooms, and a bonus room with a closet that can function as additional sleeping, office, or flex space. Former single-car garages were converted into an extra bedroom and full bathroom for each residence. Individual utility meters and wall heaters serve the units, and one residence is currently rented.
The property occupies a usable 1/2-acre lot outside city limits and the Coastal Zone. Each residence has a private fenced backyard, while the front portion provides additional room for parking, storage, equipment, recreational vehicles, or animals. A newly constructed detached garage adds further utility. The property is served by two 1,500-gallon septic systems that were recently pumped and inspected, with quick access to Highway 101.
The property occupies a usable 1/2-acre lot outside city limits and the Coastal Zone. Each residence has a private fenced backyard, while the front portion provides additional room for parking, storage, equipment, recreational vehicles, or animals. A newly constructed detached garage adds further utility. The property is served by two 1,500-gallon septic systems that were recently pumped and inspected, with quick access to Highway 101.
Key Highlights
- Two‑unit duplex with approximately 1,151 SF per residence
- Each unit includes 3 bedrooms, 2 full bathrooms, and a bonus room with closet
- Converted garages add an extra bedroom and full bathroom to each 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.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences provide flexible layouts, private fenced yards, and separate utility meters.
Where is this duplex located?
The property is located at 76857695 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 with approximately 1,151 SF per residence; Each unit includes 3 bedrooms, 2 full bathrooms, and a bonus room with closet; Converted garages add an extra bedroom and full bathroom to each unit
