Property Details
About this Property
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!
MLS Listing Information
MLS #
ML82039241
MLS Source
MLSListings, Inc.
Days on Site
2
Interior Features
Cooling
None
Heating
Wall Furnace
Exterior Features
Roof
Composition
Foundation
Slab
Parking, School, and Other Information
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
Unit Information
| # 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 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
615 Terrace St is a Triplex in Salinas, CA 93905. This 1,607 square foot property sits on a 5,674 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $775,000 and was built in 1951. This address can also be written as 615 Terrace St, Salinas, CA 93905.
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This listing information is up-to-date as of March 18, 2026. For the most current information, please contact Sean Griffin, (831) 262-1955
