Prime 4-plex at 340 E. Romie Lane, South Salinas! Each townhouse-style unit features 2 bedrooms, 1.5 bathrooms, and 914 sq. ft. Amenities include 4 covered carports and onsite coin-op laundry. With some deferred maintenance and rents far below market value, this property offers significant upside potential. Ideal for investors seeking value-add opportunities. All leases are currently month-to-month.
Sold for $1,100,000
Tax assessed value
$1,100,000
340 E Romie Ln, Salinas, CA 93901
8beds
8baths
3,656sqft
Quadruplex, Residential Income
Built in 1980
-- sqft lot
$-- Zestimate®
$301/sqft
$2,643 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,643/mo
Zestimate® history
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$6,936/mo
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Zillow last checked:
Listing updated:
Listed by:
Mike Handley 01280498 831-262-2400,
Town'N Country Realty 831-424-0001
Bought with:
Mike Handley, 01280498
Town'N Country Realty
Source: MLSListings Inc,MLS#: ML81972927
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
Heating
- Wall Furnace
Cooling
- None
Appliances
- Laundry: Coin Operated
Features
- Doors: None
Interior area
- Total structure area: 3,656
- Total interior livable area: 3,656 sqft
Property
Parking
- Total spaces: 4
- Parking features: Carport
- Carport spaces: 4
Accessibility
- Accessibility features: None
Features
- Stories: 2
Lot
- Size: 8,658 Square Feet
Details
- Parcel number: 002625005000
- Zoning: CO/R
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Residential Income
Materials
- Foundation: Slab
- Roof: Composition
Condition
- Year built: 1980
Utilities & green energy
- Gas: PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public
Community & HOA
Location
- Region: Salinas
Financial & listing details
- Price per square foot: $301/sqft
- Tax assessed value: $1,100,000
- Annual tax amount: $14,300
- Date on market: 7/12/2024
- Listing agreement: ExclusiveRightToSell
- Listing terms: CashorConventionalLoan
- Inclusions: OvenRangeAllUnits
- Lease term: 12 Months
Price history
| Date | Event | Price |
|---|---|---|
| 7/24/2024 | Sold | $1,100,000$301/sqft |
Source:  MLSListings Inc #ML81972927 Report a problem | ||
| 7/18/2024 | Pending sale | $1,100,000$301/sqft |
Source: MLSListings Inc #ML81972927 Report a problem | ||
| 7/12/2024 | Listed for sale | $1,100,000$301/sqft |
Source: MLSListings Inc #ML81972927 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,737 +88.7% | $1,100,000 +201.8% |
| 2024 | $7,280 +8.4% | $364,481 +2% |
| 2023 | $6,718 +28% | $357,335 +2% |
| 2022 | $5,249 -5.6% | $350,329 +2% |
| 2021 | $5,557 +1.6% | $343,460 +1% |
| 2020 | $5,469 +3.8% | $339,939 +2% |
| 2019 | $5,269 +8.1% | $333,274 +2% |
| 2018 | $4,874 -3.7% | $326,740 +2% |
| 2017 | $5,062 +0.9% | $320,334 +2% |
| 2016 | $5,019 +6.9% | $314,054 +1.5% |
| 2015 | $4,696 | $309,338 +2% |
| 2014 | $4,696 | $303,280 +2.5% |
| 2012 | -- | $295,992 +2% |
| 2011 | -- | $290,190 +0.8% |
| 2010 | -- | $288,022 -0.2% |
| 2009 | -- | $288,707 +2% |
| 2008 | -- | $283,047 +2% |
| 2007 | -- | $277,498 +2% |
| 2006 | -- | $272,058 +2% |
| 2005 | -- | $266,724 +2% |
| 2004 | -- | $261,495 +1.9% |
| 2003 | -- | $256,704 +2% |
| 2002 | -- | $251,671 +2% |
| 2001 | $3,388 | $246,737 +2% |
| 2000 | -- | $241,899 |
Find assessor info on the county website
Neighborhood: Monterey Park
Nearby homes
- $--2 bd2 ba920 sqft340 E Romie Ln #A-D, Salinas, CA 93901Off Market
- $--2 bd2 ba920 sqft340 E Romie Ln #B-D, Salinas, CA 93901Off Market
- $--2 bd2 ba920 sqft340 E Romie Ln APT B, Salinas, CA 93901Off Market
- $752,6004 bd2 ba1.6k sqft336 E Romie Ln, Salinas, CA 93901Off Market
- $780,0003 bd1 ba1.7k sqft344 E Romie Ln, Salinas, CA 93901Sold
- $447,9112 bd1 ba3.5k sqft332 E Romie Ln, Salinas, CA 93901Off Market
- $--2 bd1 ba-- sqft332 E Romie Ln APT A, Salinas, CA 93901Off Market
- $850,4002 bd3 ba2.1k sqft325 Katherine Ave, Salinas, CA 93901Off Market
Nearby schools
GreatSchools rating
- 3/10Monterey Park Elementary SchoolGrades: K-6Distance: 0.3 mi
- 5/10Washington Middle SchoolGrades: 7-8Distance: 1 mi
- 7/10Salinas High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: MontereyParkElementary
- Middle: WashingtonMiddle_1
- High: SalinasHigh
- 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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- California
- Monterey County
- Salinas
- 93901
- Monterey Park
- 340 E Romie Ln
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