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Bailey Properties
615 Terrace ST, Salinas, CA 93905
- $712,000
- 5
- BD
- 1,607
- SqFt
Listed by Sean Griffin, 831-262-1955 from Agency One Real Estate
(If provided) CoList: from
Sold listing courtesy of Juan Humberto Orozco Lopez from WASON
- Sold Price
- $712,000
- List Price
- $725,000
- Closing Date
- Jun 30, 2026
- MLS#
- ML82039241
- Status
- SOLD
- Zoning
- HDR
- Sqft. of Residence
- 1,607
- Lot Size
- 5,674
- Listing Area
- Es-66
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
- Cooling System
- None
- Foundation
- Concrete Slab
- Garage Parking
- Common Parking Area
- Heating System
- Wall Furnace
- Living Area
- 1,607
- Lot Size
- 5,674
- Neighborhood
- Es-66
- Other Utilities
- Individual Electric Meters, Individual Gas Meters, Public Utilities
- Roof
- Composition
- Sewer
- Sewer - Public
- Zoning
- HDR
Mortgage Calculator
The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than Bailey Properties are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from MLSListings MLS as of . 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.
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