615 Terrace Street, Salinas, CA 93905
Triplex
Sold June 2026
Listing Agent: Sean Griffin (DRE #01466508) · Listing Office: Agency One Real Estate · Contact: (831) 262-1955 · Bought with: Juan Humberto Orozco Lopez · M2 Realty Group · MLS #ML82039241 · Source: CRMLS
How this sale compares
615 Terrace Street sold for $712,000 in June 2026, 1.8% under its $725,000 list price, after 38 days on the market. It was first listed at $775,000. That works out to $443 per square foot on 1,607 square feet. Across 42 closed sales in 93905 over the last 12 months, the median sold price is $690,000 and the median is $486 per square foot, 9.7% above this sale's $443.
| Quarter | Closed sales in 93905 | Median sold price |
|---|---|---|
| Q1 2026 | 3 | $750,000 |
| Q2 2026 | 18 | $675,000 |
| Q3 2026 | 18 | $690,000 |
| Q4 2026 | 3 | $635,000 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Salinas · Homes for sale in 93905
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!
Listing description from the June 2026 sale, as reported to CRMLS.
Sale history
Recent sales near 615 Terrace Street
78 Ragsdale Court: Sold $430,000 · 2 bd · 1 ba · 480 sqft · Apr 2026 · 0.2 mi
Keller Williams Realty | DRE #70010112
Buyer's agent: Christian Coronel, Christian Realty and Lending | DRE #02113914129 N Filice Street: Sold $626,000 · 2 bd · 1 ba · 948 sqft · Apr 2026 · 0.3 mi
Remax Property Experts | DRE #02055079
Buyer's agent: Ronild Kaldani | DRE #02142504150 Kern Street 30: Sold $295,000 · 3 bd · 2 ba · 1,630 sqft · Aug 2026 · 0.3 mi
David Lyng Real Estate | DRE #01237892
Buyer's agent: Octavio Perez, Watsonville Real Estate | DRE #01190769150 Kern Street: Sold $140,000 · 2 bd · 2 ba · 1,440 sqft · Apr 2026 · 0.3 mi
Coast & Valley Properties, Inc. | DRE #01417914
Buyer's agent: Paul Aguilar, KW Coastal Estates | DRE #02223442166 Kern Street 26: Sold $373,000 · 2 bd · 2 ba · 1,073 sqft · Jun 2026 · 0.3 mi
Remax Property Experts | DRE #02055079
Buyer's agent: Dulce Ahumada, Berkshire Hathaway HS Real Time Realty | DRE #02387964190 Kern Street 48: Sold $385,000 · 2 bd · 2 ba · 1,073 sqft · May 2026 · 0.4 mi
Christie's International Real Estate Sereno | DRE #01431385
Buyer's agent: Jorge Alvarez, Christie's International Real Estate Sereno | DRE #01431385544 Saint George: Sold $730,000 · 3 bd · 2 ba · 1,282 sqft · Apr 2026 · 0.5 mi
Las Palmas Realty & Lending, Inc | DRE #01800573
Buyer's agent: Alicia Lomeli, CENTURY 21 Masters | DRE #01023541609 Saint George Drive: Sold $709,999 · 3 bd · 2 ba · 1,145 sqft · Aug 2026 · 0.6 mi
Casa Blanca Realty | DRE #00789143
Buyer's agent: Maria Barrera, Remax Property Experts | DRE #01765378
Closed sales reported in 93905, nearest first, last 12 months. All recent sales in Salinas →