Eleven units in Salinas have significant potential rent upside. The two-bedroom units average $1311 monthly, and the two-bedroom market rents are estimated at $2200. The studio and one-bedroom units average $1158 monthly, and the studio / one-bedroom market rents are estimated at $1500. Potentially, there is $5,000+ per month in rental upside. There are three two-bedroom cottages, one four-plex building, and four cottages connected with covered carports. The asphalt parking lot was recently repaved. The units are separately metered for gas and electricity. The owner pays for water, sewer, and garbage. The complex is close to grocery markets, restaurants, Highway 101, and many employment centers.
Sold for $1,750,000
$1,750,000
Fremont St, Salinas, CA 93905
3beds
3baths
4,248sqft
Five Or More Units, Residential Income
Built in 1950
-- sqft lot
$1,879,800 Zestimate®
$412/sqft
$2,748 Estimated rent
Home value
$1,879,800
$1.69M - $2.09M
$2,748/mo
Zestimate® history
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$2,748/mo
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$10,903/mo
Est. payment
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Est. payment
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Zillow last checked: 7 hours ago
Listing updated: February 01, 2026 at 04:16am
Listed by:
Hap Albers 01006595 408-893-6002,
Albers Real Estate Investment Company 831-372-1922
Bought with:
Miguel Amaya, 02077749
Real Brokerage Technologies
Source: MLSListings Inc,MLS#: ML81957714
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Heating
- Gas, Wall Furnace
Cooling
- None
Appliances
- Included: Gas Oven/Range
- Laundry: None
Features
- Flooring: Laminate, Tile, Vinyl Linoleum
- Doors: None
Interior area
- Total structure area: 4,248
- Total interior livable area: 4,248 sqft
Property
Parking
- Total spaces: 5
- Parking features: Carport
- Has carport: Yes
Accessibility
- Accessibility features: None
Lot
- Size: 0.44 Acres
Details
- Parcel number: 004022014000
- Zoning: R-L-5.5 Residential Low D
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Five Or More Units, Residential Income
Materials
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Year built: 1950
Utilities & green energy
- Gas: IndividualGasMeters
Community & neighborhood
Location
- Region: Salinas
Other
Other facts
- Listing agreement: ExclusiveRightToSell
- Listing terms: CashorConventionalLoan
Price history
| Date | Event | Price |
|---|---|---|
| 6/18/2024 | Sold | $1,750,000-10.2%$412/sqft |
Source:  MLSListings Inc #ML81957714 Report a problem | ||
| 4/15/2024 | Contingent | $1,949,000$459/sqft |
Source: MLSListings Inc #ML81957714 Report a problem | ||
| 3/15/2024 | Listed for sale | $1,949,000$459/sqft |
Source: MLSListings Inc #ML81957714 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Alisal
Nearby schools
GreatSchools rating
- 2/10Dr. Martin Luther King, Jr. AcademyGrades: K-6Distance: 0.3 mi
- 5/10El Sausal Middle SchoolGrades: 7-8Distance: 0.8 mi
- 5/10Alisal High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- District: SalinasCityElementary
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,879,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,879,800