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    Four-Unit Cottage-Style Quadplex
    Updated: Jul 11
    Four-Unit Cottage-Style Quadplex

    119 Carr AVE, Salinas, CA 93905

    $950,000
    2,050 sqft 0.17 AC lot
    4‑unit multi‑family property with four separate cottages and no shared walls for tenant privacy
    Select renovations were completed during the pandemic, blending modern updates with the original character
    Built in 1941; bungalow/Mediterranean architectural style with wood‑frame construction
    Public water service; heating provided by wall furnace
    Roof includes composition and Bituthene materials
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    This listing looks promising.

    Here's a quick look at some key insights for

    119 Carr AVE, SALINAS, CA 93905

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    • Est. Cap Rate

      3.8%
      NOI ÷ price

    • Est. NOI

      $36K
      Annual

    • Price @ 7% Cap

      $512K
      Suggested

    • Property Type

      Multi-Family Dwellings
      Built 1941
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    Charming Four-Unit Multifamily Property
    Updated: Mar 24
    Charming Four-Unit Multifamily Property

    119 Carr Ave, Salinas, CA 93905

    $950,000
    0.17 AC lot
    Four individual cottages offer tenant privacy with no shared walls.
    Immediate income potential with long‑term, stable tenants already in place.
    Explore the potential to convert the garage into a 5th unit (buyer to verify).
    Recent updates completed.
    Located in the heart of Salinas with easy access to shopping and dining.
    View details
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Salinas, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Fourplex with Semi-Private Yards
    Fourplex with Semi-Private Yards

    5058 Wilder DR, Soquel, CA 95073

    $2,495,000
    3,806 sqft 0.16 AC lot

    Well-maintained four-unit property with two-bedroom layouts, separate entry access, and semi-private enclosed yards.

    View details
    Four-Unit Residential Income Property
    Four-Unit Residential Income Property

    116 16th Street, Pacific Grove, CA 93950

    $2,639,000
    4,120 sqft

    Four-unit residential property featuring a penthouse and three additional 2-bedroom units, each with private garage access.

    View details
    4-Unit Multifamily Property
    4-Unit Multifamily Property

    160 Monterey Avenue, Pacific Grove, CA 93950

    $1,739,000
    3,321 sqft

    Four-unit multifamily building features vaulted ceilings and a private entrance for the largest unit.

    View details
    Soquel Fourplex in Ideal Location
    Soquel Fourplex in Ideal Location

    5058 Wilder Dr, Soquel, CA 95073

    $2,495,000

    Well-maintained fourplex near Capitola Village with long-term tenants.

    View details

    Salinas, CA Quadplexes Market Trends and Statistics

    Explore 2 quadplexes for sale in Salinas, CA on our real estate platform. These investment opportunities span a total of 2,050 square feet of properties for sale, with an estimated market value of $1,900,000.

    Sale prices for four-unit buildings in Salinas, CA average $950,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 9
    Duplexes 7
    Mobile home & RV parks 3
    Quadplexes 2
    Triplexes 2

    Demographics Overview

    Population 196K
    Population Growth (5Y) +5.0%
    Median Household Income $93,977
    College Educated 27.4%

    High-Yield Neighborhoods for Investment

    Identify Salinas submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    93905 $950K

    Taxes & Financing

    Tax Rate (average for all types) 1.08%
    Property Tax per SF $25.66 per SF
    Tax Rate vs County Average 0.05 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Monterey County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Salinas fall within the 5,000 to 10,000 square foot range.

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