242 Riker Terrace

Salinas, CA 93901

$799,900
Price
Beds
1,762 Sq. Ft.
$454 / Sq. Ft.
1,762
Sq. Ft.
$454
per Sq. Ft.

Description

Two houses on one lot in desirable South Salinas location. The front unit is 3/1. kithen,bathroom,floor and window has been updated one year ago . and the back unit is 2/1 has updated kithen. Both have a detached garage, laundry hook-ups in garage. Current tenant is in month to month lease. Great investment property or live in one and rent the other. Please do not disturb tenants. Will Sell As Is Condition.Two houses on one lot in desirable South Salinas location. The front unit is 3/1. kithen,bathroom,floor and window has been updated one year ago . and the back unit is 2/1 has updated kithen. Both have a detached garage, laundry hook-ups in garage. Current tenant is in month to month lease. Great investment property or live in one and rent the other. Please do not disturb tenants. Will Sell As Is Condition.
  1. Listed by Juliang He • DRE #01869380 • Brokerage DRE #01331559 • Advantage Financial Services • 831-596-6788

Property Details for 242 Riker Terrace

MLS City Name
SALINAS
Building Type
DUPLEX
Garage Spaces
2
Parking Spaces
2

Location

Listing Courtesy of Advantage Financial Services, Juliang He, DRE #01869380
Add your commute
LISTING UPDATED: 07/11/2024 08:20 AM

Property Details for 242 Riker Terrace

StatusPending ( Do Not Show )
MLS #ML81971800
Days on Compass9
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / DUPLEX
Year Built1900
Lot Size0.15 AC / 6,512 SF
CountyMonterey County

Location

Listing Courtesy of Advantage Financial Services, Juliang He, DRE #01869380
Add your commute

Building Information for 242 Riker Terrace

Stories1Residences2Year Built1900Building Size-Lot Size0.15 AC / 6,512 SF

Payment Calculator

$4,841 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,365

Property Taxes

$476

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 242 Riker Terrace

Features
Features
  • Fireplace: No
  • Living SqFt: 1762
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Central Forced Air, Wall Furnace
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Detached Garage
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: SS
  • Roof: Composition
  • Subclass: Duplex
  • Year Built Source: Assessor
  • Street Number: 242
  • Street Name: Riker
  • Street Suffix: Terrace
  • Area ID: 72
Lot / Property Details
Building Information
  • Number Of Stories: 1
  • Number of Buildings: 2
  • Structure SqFt: 1762
  • Structure SqFt Source: Assessor
  • Age: 124
Development Information
  • Zoning Detail: R
Location Information
  • Parcel Number: 002-263-026-000
  • County Name: Monterey
  • City Name: SALINAS
  • City Postal ID: 5389
  • Postal Code: 93901
  • Elementary School District: 441
  • High School District Text: Salinas Union High
Lot Information
  • Foundation: Crawl Space
  • Horse Property: No
  • Lot Acres: .15
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Mobile / Manufactured Information
Other Information
  • Dual Variable: Yes
Multi Family Information
Building Information
  • No Of Leased: 2
General Information
  • Annual Tax Amount: $0
  • Building Unit Total: 2
  • Capitalization Rate: 7.95
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Income Includes: Rents
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $0
  • Expense Landscape: $0
  • Expense Maintenance: $0
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $0
  • Expenses Total: $0
  • Operating Expenses Include: Services - Sewer
  • Gross Rent Multiplier: 12.58
  • Income Annual Gross: $63,600
  • Income Annual Rental: $63,600
  • Income Gross Scheduled: $63,600
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Half Bathrooms: 0
  • Unit 1 Number of Bedrooms: 3
  • Unit 1 Rent: $3,000
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $2,300

Property History for 242 Riker Terrace

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 242 Riker Terrace

Taxable ValueLand$262,793Additions$231,258Total$494,051
Tax Record2023$5,715 ($476 / month)
Home Facts
Baths2Total Finished SqFt995 SqFtAbove Grade Finished SqFt995 SqFtStories1Lot Size6,512 SqFtStyleDuplexYear Built1900CountyMONTEREYAPN002-263-026-000Fireplace TypeHas Fireplace

Schools near 242 Riker Terrace

This home is within Salinas Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Laurel Wood Elementary School
PublicK to 6

Roosevelt Elementary School
PublicK to 6

Washington Middle School
Public7 to 8

Salinas High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Advantage Financial Services, Juliang He, DRE #01869380

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.