Home | Monterey County | Salinas | 93905 | 615 Terrace St
MLS: ML82039241 | Status: Contingent | Price: $725,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 1,607 | 5,674 | 1951 |
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!
| Field | Value |
|---|---|
| MLS # | ML82039241 |
| MLS Source | MLSListings, Inc. |
| Feature | Details |
|---|---|
| Cooling | None |
| Heating | Wall Furnace |
| Feature | Details |
|---|---|
| Roof | Composition |
| Foundation | Slab |
| Feature | Details |
|---|---|
| Garage/Parking | Common Parking Area, Garage: 0 Car(s) |
| Elementary District | Salinas City Elementary |
| High School District | Salinas Union High |
| Sewer | Public Sewer |
| Water | Public |
| Zoning | HDR |
Sean Griffin
Agency One Real Estate
License #: 01466508
Phone: (831) 262-1955
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 2 | 3 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 725 | 2 | 1/0 | $1,300 |
| 2 | 575 | 2 | 1/0 | $1,100 |
| 3 | 307 | 1 | 1/0 | $950 |
School data provided by GreatSchools.org
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This listing information is up-to-date as of May 04, 2026. For the most current information, please contact Sean Griffin, (831) 262-1955.