Investment Opportunity in South Salinas! This four-unit property offers a desirable unit mix consisting of one 3-bedroom, 1.5-bath unit, one 2-bedroom, 1-bath unit, and two 2-bedroom, 1.5-bath units.
Do not disturb tenants. Three units are currently tenant occupied and Unit #3 is available to rent out upon purchase, providing an opportunity for a new owner to make improvements and establish a new tenancy at a market rent, subject to applicable rental laws and regulations. The property has deferred maintenance and is being offered in its present condition, providing an opportunity for an investor to make improvements over time and enhance the property's overall condition and income potential. Convenient South Salinas location with access to shopping, schools, services, and major thoroughfares. A great opportunity for an investor looking for an established four-unit property with existing rental income, and future value-add potential.
Under contract
$999,000
447 Soledad St, Salinas, CA 93901
9beds
7baths
4,175sqft
Quadruplex, Residential Income
Built in 1981
-- sqft lot
$-- Zestimate®
$239/sqft
$-- HOA
What's special
- 22 days
- 1,279
- 49
Zillow last checked:
Listing updated:
Listed by:
Chantel Henson 01271580 831-809-4100,
Compass 831-318-0150,
Betty Stringer 02042438 831-801-0730,
Compass
Source: MLSListings Inc,MLS#: ML82057880
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 7
Heating
- Wall Furnace
Cooling
- None
Interior area
- Total structure area: 4,175
- Total interior livable area: 4,175 sqft
Property
Parking
- Total spaces: 6
- Parking features: Assigned, Covered, On Street
- Carport spaces: 6
Accessibility
- Accessibility features: Parking
Lot
- Size: 7,791 Square Feet
Details
- Parcel number: 002354008000
- Zoning: R-M-2.9
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Residential Income
Materials
- Foundation: Concrete Perimeter
- Roof: TarGravel
Condition
- Year built: 1981
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: $239/sqft
- Tax assessed value: $1,142,400
- Annual tax amount: $5,489
- Date on market: 8/19/2026
- Listing agreement: ExclusiveRightToSell
- Inclusions: Building, Land, OvenRangeAllUnits
Estimated market value
Not available
Estimated sales range
Not available
$2,858/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/31/2026 | Contingent | $999,000$239/sqft |
Source: | ||
| 8/19/2026 | Listed for sale | $999,000$239/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $1,142,400 +162.9% |
| 2025 | $5,489 +9.2% | $434,466 +2% |
| 2024 | $5,028 +3.5% | $425,948 +2% |
| 2023 | $4,860 +3.9% | $417,597 +2% |
| 2022 | $4,679 +4.1% | $409,409 +2% |
| 2021 | $4,496 +2.8% | $401,383 +1% |
| 2020 | $4,372 +0.7% | $397,269 +2% |
| 2019 | $4,340 +1.3% | $389,481 +2% |
| 2018 | $4,285 -0.1% | $381,845 +2% |
| 2017 | $4,289 -0.1% | $374,359 +2% |
| 2016 | $4,292 +6.2% | $367,019 +1.5% |
| 2015 | $4,041 | $361,507 +2% |
| 2014 | $4,041 | $354,427 +2.5% |
| 2012 | -- | $345,909 +2% |
| 2011 | -- | $339,128 +0.8% |
| 2010 | -- | $336,595 -0.2% |
| 2009 | -- | $337,396 +2% |
| 2008 | -- | $330,781 +2% |
| 2007 | -- | $324,296 +2% |
| 2006 | -- | $317,938 +2% |
| 2005 | -- | $311,705 +2% |
| 2004 | -- | $305,594 +1.9% |
| 2003 | -- | $299,994 +2% |
| 2002 | -- | $294,113 +2% |
| 2001 | $2,986 | $288,347 +2% |
| 2000 | -- | $282,694 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Downtown
Nearby schools
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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