Under contract

$499,000

45 Sherwood Dr, Salinas, CA 93901

5beds

3baths

2,044sqft

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Duplex, Residential Income

Built in 1962

-- sqft lot

$502,700 Zestimate^®

$244/sqft

$-- HOA

What's special

Investment Opportunity! Cash only Contractor special on a 6500 Sq Ft. The property features a three bedroom two bath unit in the front and a two bedroom one bath unit in the back and there is also a detached garage that the city of Salinas says could be converted to and ADU (Buyer's to verify on their own) Bring your vision and unlock the possibilities this property has to offer.

32 days

831

18

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 3

Heating

Wall Furnace

Cooling

None

Features

Flooring: Laminate, Tile
Doors: None

Interior area

Total structure area: 2,044
Total interior livable area: 2,044 sqft

Property

Parking

Total spaces: 3
Parking features: Detached, Off Street
Garage spaces: 2
Carport spaces: 1
Covered spaces: 3

Accessibility

Accessibility features: None

Features

Stories: 1

Lot

Size: 6,500 Square Feet
Features: Level

Details

Parcel number: 002201025000
Zoning: MX, Mixed USe
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex, Residential Income

Materials

Foundation: Raised
Roof: Shingle

Condition

Year built: 1962

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: $244/sqft
Tax assessed value: $80,289
Annual tax amount: $1,073
Date on market: 6/18/2026
Listing agreement: ExclusiveRightToSell
Listing terms: CashorConventionalLoan
Inclusions: Building, Land, OvenRangeSomeUnits

Estimated market value

$502,700

$478,000 - $528,000

$3,038/mo

Price history

Date	Event	Price
6/27/2026	Contingent	$499,000$244/sqft
Source: MLSListings Inc #ML82051443 Report a problem
6/18/2026	Listed for sale	$499,000$244/sqft
Source: MLSListings Inc #ML82051443 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,074 +8.7%	$80,289 +2%
2024	$988 +3.4%	$78,716 +2%
2023	$956 +4.6%	$77,173 +2%
2022	$913 +4%	$75,660 +2%
2021	$878 +2.7%	$74,177 +1%
2020	$855 +1%	$73,417 +2%
2019	$847 +1.6%	$71,978 +2%
2018	$833 -0.1%	$70,568 +2%
2017	$834 +0%	$69,185 +2%
2016	$834 +5.8%	$67,830 +1.5%
2015	$788	$66,812 +2%
2014	$788	$65,504 +2.5%
2012	--	$63,931 +2%
2011	--	$62,679 +0.8%
2010	--	$62,212 -0.2%
2009	--	$62,361 +2%
2008	--	$61,139 +2%
2007	--	$59,941 +2%
2006	--	$58,766 +2%
2005	--	$57,615 +2%
2004	--	$56,486 +1.9%
2003	--	$55,452 +2%
2002	--	$54,366 +2%
2001	$604	$53,301 +2%
2000	--	$52,256

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: 93901

Getting around

79 / 100

Very Walkable

49 / 100

Some Transit

52 / 100

Bikeable

Nearby schools

GreatSchools rating

2/10
University Park Elementary School
Grades: K-6Distance: 1.7 mi
5/10
Washington Middle School
Grades: 7-8Distance: 1.1 mi
7/10
Salinas High School
Grades: 9-12Distance: 0.9 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.