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50 & 54 Katherine Ave, Salinas, CA 93901. Rare opportunity to purchase two separate legal parcels, each with its own single-family home, side by side in desirable South Salinas. Both homes have separate water, gas, and electric meters and are currently rented at market rents with professional property management in place, generating a combined monthly income of $4,995. The City of Salinas confirms that each parcel qualifies for an ADUallowing future owners to convert garages or rear space to add a second unit to both properties (buyer to verify). This creates significant potential to increase rental income and build equity over time. Perfect for investors seeking stable, income-producing properties. The step-up in tax basis has already been completed, minimizing the risk of a large supplemental tax bill. Please do not disturb tenants or visit the property without an appointment.
Property Type(s):
Residential Income
| Last Updated | 7/8/2025 | Year Built | 1928 |
|---|---|---|---|
| Community | 699 - Not Defined | Garage Spaces | 2.0 |
| County | Monterey |
SCHOOLS
| High School | Salinas |
|---|
Additional Details
| AIR | None |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Refrigerator, Vented Exhaust Fan |
| AREA | 699 - Not Defined |
| GARAGE | Yes |
| HEAT | Floor Furnace, Wall Furnace |
| LOT | 0.2779 acre(s) |
| PARKING | Guest, Off Street, Workshop in Garage |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Traditional |
| TAXES | 15331 |
| VIEW | Yes |
| WATER | Public |
Location
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Listed with RE/MAX Empire Properties
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. 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. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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