CA
Monterey
SALINAS
93905
615 Terrace Street
615 Terrace Street, SALINAS, CA 93905
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Listing Type
Multi Family
Listing Status
Active
7
$775,000

Home Details for 615 Terrace Street

Price
$775,000
Type
Residential Income
Square feet
1607
Year built
1951
County
Monterey
Days on site
1
MLS Listing#
ML82039241
Listed By: Agency One Real Estate - 831-262-1955
Listed By: Sean Griffin
Property Description

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!

Property Features
  • Cooling Information
    • None
  • Heating Information
    • Wall Furnace
  • Water Features
    • Public
  • Parking
    • Common
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Based on information from the MLSListings MLS. 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. Copyright 2026 MLSListings Inc. All rights reserved.

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Last Updated: 2026-03-19 08:14:50
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EXIT REALTY CONSULTANTS
16175 Monterey #A, Morgan Hill, CA 95037
CA DRE# 01424183. Kris Klair Broker.
Margaret Vierra
Associate Broker
Office
209 668 2525
Agent
408 202 3243
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