615 Terrace Street, Salinas, CA 93905

Salinas
Local realty services provided by:ERA North Orange County Real Estate
615 Terrace Street,Salinas, CA 93905
$725,000
  • - Beds
  • - Baths
  • 1,607 sq. ft.
  • Multi-family
  • Active
Listed by: sean griffin
Office: agency one real estate831-262-1955
MLS#:ML82039241
Source:CRMLS

Price summary

  • Price:$725,000
  • Price per sq. ft.:$451.15

About this home

Great opportunity to own a fully rented triplex in east salinas! The front unit is a mostly remodeled 2 bedroom 1 bath unit with updated flooring, kitchen cabinets and countertops. The back unit is a 2 bedroom 1 bath with tile flooring and open floor plan with a small fenced backyard. The 3rd unit is a 1 bedroom 1 bathroom with tile flooring and storage shed in backyard. Rents are low for each unit and could easily be doubled over time, subject to Salinas rental ordinance. Owner covers trash, septic and water which potentially could be costs transferred to the tenants over time as well. There is plenty of room for improvements to be made that would reflect in an increase in equity position and cashflow for this property. Close proximity to shopping, restaurants, hwy 101 and local schools. This is truly a great investment opportunity for the right buyer!

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Home facts

  • Year built:1951
  • Listing ID #:ML82039241
  • Added:46 day(s) ago
  • Updated:May 04, 2026 at 09:30 PM

Rooms and interior

  • Living area:1,607 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Roof:Composition
  • Year built:1951
  • Building area:1,607 sq. ft.
  • Lot area:0.13 Acres
  • Foundation Description:Slab

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$725,000
  • Price per sq. ft.:$451.15
  • Tax amount:$7,750

Parking

  • Total parking spaces:3
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