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(626) 893-2817
Gilbert Garcia
615 Terrace Street, Salinas, CA 93905
- $712,000
- 1,607
- SqFt
- Sold Price
- $712,000
- List Price
- $725,000
- Closing Date
- Jun 30, 2026
- Status
- CLOSED
- MLS#
- ML82039241
- Year Built
- 1951
- Living Sq. Ft
- 1,607
- Lot Size
- 5,674
- Acres
- 0.13
- Days on Market
- 36
- Property Type
- Multifamily
- Property Sub Type
- Triplex
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!
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Additional Information
- Taxes
- $7,750
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- None
- Roof
- Composition
- Sewer
- Public Sewer
- Water
- Public
- School District
- Other
- Attached Structure
- Detached
- Gross Scheduled Income
- $40,200
Listing courtesy of Listing Agent: Sean Griffin (sean@agencyonerealestate.com) from Listing Office: Agency One Real Estate.
Listing sold by Juan Humberto Orozco Lopez from M2 Realty Group
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.