Seller's Agent in 2026
Sean Griffin
Agency One Real Estate
(831) 262-1955
1 in this area
48 Total Sales
615 Terrace St Salinas, CA 93905
East Salinas Neighborhood
5
Beds
3
Baths
1,607
Sq Ft
5,663
Sq Ft Lot
About This Home
As of June 2026Great 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!
Last Agent to Sell the Property
Agency One Real Estate License #01466508 Listed on: 03/18/2026
Property Details
Home Type
- Multi-Family
Year Built
- 1951
Home Design
- Triplex
- Slab Foundation
- Composition Roof
Interior Spaces
- 1,607 Sq Ft Home
- 1-Story Property
Parking
- 3 Parking Spaces
- Covered Parking
Utilities
- Wall Furnace
- Separate Meters
- Individual Gas Meter
Listing and Financial Details
- Total Actual Rent $40,200
Community Details
Overview
- 1,607 Sq Ft Building
Building Details
- 2 Leased Units
- Insurance Expense $1,500
- Maintenance Expense $500
- Manager Expense $2,730
- Utility Expense $3,940
- Trash Expense $1,651
- Operating Expense $18,071
- Gross Income $39,798
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 18, 2026
Closed on
Jun 22, 2026
Sold by
Bought by
Seller's Agent
Sean Griffin
Agency One Real Estate
Buyer's Agent
Juan Humberto Orozco Lopez
M2 Realty Group
List Price
$775,000
Sold Price
$712,000
Premium/Discount to List
-$63,000
-8.13%
Views
69
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,800
Interest Rate
0.0636%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 24, 2022
Sold by
Bought by
Purchase Details
Closed on
Sep 24, 2009
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
0.0508%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 27, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$528,750
Interest Rate
0.03%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 4, 2001
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
0.0667%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $712,000 | Chicago Title Company | |
| Grant Deed | -- | Clark Margaret H | |
| Grant Deed | $170,000 | Old Republic Title Company | |
| Interfamily Deed Transfer | -- | First American Title | |
| Grant Deed | $705,000 | First American Title | |
| Grant Deed | $330,000 | Old Republic Title Company | |
| Interfamily Deed Transfer | -- | Old Republic Title Company |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $640,800 | New Conventional | |
| Previous Owner | $110,000 | New Conventional | |
| Previous Owner | $127,500 | Commercial | |
| Previous Owner | $528,750 | Commercial | |
| Previous Owner | $500,000 | Commercial | |
| Previous Owner | $333,000 | Commercial | |
| Previous Owner | $264,000 | Commercial | |
| Previous Owner | $200,000 | Commercial |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/30/2026 06/30/26 | Sold | $712,000 | -1.8% | $443 / Sq Ft |
| 05/04/2026 05/04/26 | Pending | -- | -- | -- |
| 04/11/2026 04/11/26 | Price Changed | $725,000 | -6.5% | $451 / Sq Ft |
| 04/10/2026 04/10/26 | For Sale | $775,000 | 0.0% | $482 / Sq Ft |
| 04/01/2026 04/01/26 | Pending | -- | -- | -- |
| 03/18/2026 03/18/26 | For Sale | $775,000 | -- | $482 / Sq Ft |
Source: MLSListings
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,817 | $219,423 | $96,803 | $122,620 |
| 2024 | $2,583 | $215,121 | $94,905 | $120,216 |
| 2023 | $2,497 | $210,904 | $93,045 | $117,859 |
| 2022 | $2,404 | $206,770 | $91,221 | $115,549 |
| 2021 | $2,311 | $202,717 | $89,433 | $113,284 |
| 2020 | $2,248 | $200,639 | $88,516 | $112,123 |
| 2019 | $2,230 | $196,706 | $86,781 | $109,925 |
| 2018 | $2,200 | $192,850 | $85,080 | $107,770 |
| 2017 | $2,202 | $189,069 | $83,412 | $105,657 |
| 2016 | $2,203 | $185,363 | $81,777 | $103,586 |
| 2015 | $2,221 | $182,580 | $80,549 | $102,031 |
| 2014 | $2,077 | $179,005 | $78,972 | $100,033 |
Source: Public Records
Agents Affiliated with this Home
-
Sean Griffin
-
Juan Humberto Orozco Lopez
Buyer's Agent in 2026
Juan Humberto Orozco Lopez
M2 Realty Group
(831) 315-0443
2 in this area
24 Total Sales
Map
Source: MLSListings
MLS Number: ML82039241
APN: 004-081-025
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