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Sold for $712,000
    • $712,000

    615 Terrace St, Salinas, CA 93905

    5beds
    3baths
    1,607sqft
    Triplex, Residential Income
    Built in 1951
    -- sqft lot
    $712,900 Zestimate®
    $443/sqft
    $2,982 Estimated rent

    Home value

    $712,900

    $613,000 - $834,000

    $2,982/mo

    Zestimate® history
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    $2,982/mo

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    $4,575/mo

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    $4,575/mo

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    What's special

    Storage shed in backyardSmall fenced backyardTile flooringOpen floor planUpdated flooring
    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!

    Zillow last checked:

    Listing updated:

    Listed by:

    Sean Griffin 01466508 831-262-1955,

    Agency One Real Estate 831-262-1955

    Bought with:

    Juan Humberto Orozco Lopez, 02117971

    M2 Realty Group

    Source: MLSListings Inc,MLS#: ML82039241MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    Heating
    • Wall Furnace
    Cooling
    • None
    Features
    • Doors: None
    Interior area
    • Total structure area: 1,607
    • Total interior livable area: 1,607 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Common
    • Has carport: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Stories: 1
    Lot
    • Size: 5,674 Square Feet
    Details
    • Parcel number: 004081025000
    • Zoning: HDR
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex, Residential Income
    Materials
    • Foundation: Slab
    • Roof: Composition
    Condition
    • Year built: 1951

    Utilities & green energy

    • Gas: IndividualGasMeters, PublicUtilities
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Public Utilities, Water Public, Individual Electric Meters, Individual Gas Meters

    Community & HOA

    Location
    • Region: Salinas

    Financial & listing details

    • Price per square foot: $443/sqft
    • Tax assessed value: $223,811
    • Annual tax amount: $7,750
    • Date on market: 3/18/2026
    • Listing agreement: ExclusiveRightToSell
    • Listing terms: CashorConventionalLoan
    • Inclusions: OvenRangeSomeUnits
    • Lease term: Month To Month

    Price history

    DateEventPrice
    6/30/2026Sold$712,000-1.8%$443/sqft
    Source: MLSListings Inc #ML82039241 Report a problem
    5/4/2026Contingent$725,000$451/sqft
    Source: MLSListings Inc #ML82039241 Report a problem
    4/11/2026Price change$725,000-6.5%$451/sqft
    Source: MLSListings Inc #ML82039241 Report a problem
    4/10/2026Listed for sale$775,000$482/sqft
    Source: MLSListings Inc #ML82039241 Report a problem
    4/2/2026Contingent$775,000$482/sqft
    Source: MLSListings Inc #ML82039241 Report a problem
    3/18/2026Listed for sale$775,000+355.9%$482/sqft
    Source: MLSListings Inc #ML82039241 Report a problem
    9/30/2009Sold$170,000-75.9%$106/sqft
    Source: Public Record Report a problem
    8/4/2005Sold$705,000+113.6%$439/sqft
    Source: Public Record Report a problem
    12/7/2001Sold$330,000$205/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026-- $223,811 +2%
    2025$2,817 +9.1%$219,423 +2%
    2024$2,583 +3.4%$215,121 +2%
    2023$2,497 +3.9%$210,904 +2%
    2022$2,404 +4%$206,770 +2%
    2021$2,311 +2.8%$202,717 +1%
    2020$2,248 +0.8%$200,639 +2%
    2019$2,230 +1.4%$196,706 +2%
    2018$2,200 -0.1%$192,850 +2%
    2017$2,202 -0.1%$189,069 +2%
    2016$2,203 +6.1%$185,363 +1.5%
    2015$2,077 $182,580 +2%
    2014$2,077 $179,005 +2.5%
    2012-- $174,704 +2%
    2011-- $171,279 +0.8%
    2010-- $170,000 -69.1%
    2009-- $550,000
    2008-- $550,000 -22%
    2006-- $705,000 +101.6%
    2005-- $349,740 +2%
    2004-- $342,883 +1.9%
    2003-- $336,600 +2%
    2002-- $330,000 +229.2%
    2001$1,087 $100,236 +2%
    2000-- $98,271
    Find assessor info on the county website

    Neighborhood: Laurel Heights

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: SalinasCityElementary

    Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $712,900
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $712,900

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