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Bailey Properties
782 Kilbreth AVE, Salinas, CA 93905
- $750,000
- 5
- BD
- 2,006
- SqFt
Listed by Ferreira-Kunz Group, 831-801-1646 from Intero Real Estate Services
(If provided) CoList: from
Sold listing courtesy of Regina Shaw from NTERO
- Sold Price
- $750,000
- List Price
- $688,800
- Closing Date
- Apr 15, 2026
- MLS#
- ML82040252
- Status
- SOLD
- Zoning
- rm
- Sqft. of Residence
- 2,006
- Lot Size
- 10,640
- Listing Area
- Es-68
Property Description
Opportunities like this are becoming increasingly difficult to find an affordable four-unit investment in Salinas that offers both immediate stability and meaningful upside. Set on a generous lot of just over 10,000 square feet, this property is comprised of four detached units, creating a more private and livable environment that tenants appreciate and tend to stay in. The unit mix includes three one-bedroom, one-bath units and one two-bedroom, one-bath unit, providing flexibility and consistent rental appeal. The property is currently occupied by long-term tenants, offering an investor the benefit of immediate income from day one, while the below-market rental profile presents a clear path for future growth over time. Recent improvements, new exterior paint, new front doors & new roofs installed July of 2025 & updated electrical panels, add to the overall functionality and help minimize near-term capital expenses. What truly sets this property apart is the combination of layout, lot size, and entry price an increasingly rare opportunity to acquire a multi-unit asset with both stability today and the potential to enhance performance in the future. Offered at $688,800, this is a compelling option for investors looking to secure a foothold in the Salinas market with room to grow.
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Additional Information
- Amenities
- None
- Cooling System
- None
- Floor Covering
- Carpet, Vinyl / Linoleum
- Foundation
- Concrete Perimeter and Slab
- Garage Parking
- Parking Area
- Heating System
- Wall Furnace
- Laundry Facilities
- None
- Living Area
- 2,006
- Lot Description
- Grade - Sloped Up
- Lot Size
- 10,640
- Neighborhood
- Es-68
- Other Utilities
- Public Utilities
- Roof
- Composition
- Sewer
- Sewer - Public
- Style
- Ranch
- Unincorporated Yn
- Yes
- Zoning
- rm
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The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than Bailey Properties are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from MLSListings MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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