1501 Terrace St

1,056 Sq. Ft.
$757 / Sq. Ft.
1,056
Sq. Ft.
$757
per Sq. Ft.

Description

Exemplary Seaside ranch style duplex in the sought after Sunshine Park enclave elevated and adjacent to single family homes. The generous 6,625sqft thoughtfully landscaped corner lot provides exquisitely grand curb appeal with copious outdoor living space on all four sides providing multidirectional natural light flow throughout the day. Beautifully maintained with all new exterior finishes and newly installed sewer lateral. Partial ocean views from the rear elevation. Excellent rents with strong...Exemplary Seaside ranch style duplex in the sought after Sunshine Park enclave elevated and adjacent to single family homes. The generous 6,625sqft thoughtfully landscaped corner lot provides exquisitely grand curb appeal with copious outdoor living space on all four sides providing multidirectional natural light flow throughout the day. Beautifully maintained with all new exterior finishes and newly installed sewer lateral. Partial ocean views from the rear elevation. Excellent rents with strong long-term tenants producing approximately a 5-6% cap rate (buyer to confirm actual CAP) with room to grow, ready to simply close and cashflow for many maintenance free years to come. Also perfect for owner user with additional income stream or multi-gen family compound. Includes RV Parking access with a total of 5 off street parking spaces. Convenient to beach access, shopping, dining and freeway access.

Listing Agent

  1. Gerald Guay

    Gerald Guay

    Listing Agent

    Compass

    DRE #01168485

    jerry.guay@compass.com

    P: (415)-527-0086

Property Details for 1501 Terrace Street

Parking Features
Guest Spaces, RV Storage
Architectural Style
Ranch
Subdivision
Sunshine Park
View Description
Water
Cross Street
Elm
Total Parking Spaces
5
LISTING UPDATED: 01/15/2026 07:05 AM

Property Details for 1501 Terrace Street

StatusActive
MLS #425061050
Days on Compass36
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1953
Lot Size0.15 AC / 6,625 SF
CountyMonterey County
Buyer's Agent Compensation2.5%
Compensation RemarksListing agent has financial interest in this property, no compensation to listing agent.

Location

Listing Courtesy of Compass, Gerald Guay, DRE #01168485
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Building Information for 1501 Terrace Street

Stories1Residences2Year Built1953Building Size-Lot Size0.15 AC / 6,625 SF

Payment Calculator

$4,082 per month

30 year fixed, 6.15% Interest

Principal and Interest

$3,894

Property Taxes

$188

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1501 Terrace Street

Summary
Location and General Information
  • Area/District: Lower Broadway
  • Area Short Display: 900103
  • Zip Plus 4: 4923
  • Location Description: Lower Broadway
Taxes and HOA Information
  • APN: 012-183-014-000
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: .00%
  • Association: No
Parking
  • Covered Spaces: 0
  • Independent Parking Spaces: 2
  • Carport Spaces: 0
  • Garage Spaces: 0
  • Tandem Parking Spaces: 3
  • Open Parking Spaces: 0
  • Num of Parking Spaces: 5.0
  • Parking: Guest Space(s), RV Storage
Virtual Tour
  • Virtual Media Count: 0
Property
Lot Information
  • Square Footage Source: Assessor Auto-Fill
  • Year Built Source: Assessor Auto-Fill
  • Lot Size Source: Assessor Auto-Fill
  • Lot Features: Corner, Curbs/Gutters, Garden
Property and Assessments
  • Property Condition: Original
  • Picture Count: 19
  • Photos Provided By: Agent
  • Elevation: 0
  • Units Furnished: None
Green Features
  • Green Verification Year: 0
Utilities
  • Separate Meters: Electricity, Gas
  • Sewer: Public Sewer
  • Utilities: Cable Available, City, Natural Gas Connected, Sewer In & Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Elevation Units: Feet
  • # of Floors: 0
  • # of Guest Space(s): 0
  • # Of Buildings: 0
  • Stories: 1
  • Window Features: Dual Pane Partial
  • Roof: Composition
Interior Features
  • Heating: Wall Furnace
  • Appliances: Free Standing Gas Oven, Free Standing Gas Range, Gas Water Heater
  • Laundry Features: In Each Unit
  • Electric: 220 Volts
  • Flooring: Carpet, Simulated Wood, Tile, Vinyl
  • Full Bathrooms: 0
  • # of Rooms: 8
Room Information
1 Bedroom Unit
  • # of 1 Bedroom Units: 2
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 0
2 Bedroom Unit
  • # of 2 Bedroom Units: 0
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 0
3 Bedroom Unit
  • # of 3 Bedroom Units: 0
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 0
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Multi Family
Income & Expenses
  • Gross Rent Multiplier: 16.22
  • Gross Income Multiplier: 0.0
  • Utilities Expense: 0.0
Multi-Family Information
  • # Commercial Units: 0
  • Total # Owner Occupied: 0
  • # Studios Occupied: 0
  • # of Studio Units: 0
  • # of Units: 2
  • # Of Units Total: 2
  • # Of Units Vacant: 0
  • # Of Units Leased: 2
  • Total # Leasable: 0
  • Total # Section 8: 0
Unit 1
  • Unit 1 Bedrooms: 1
  • Unit 1 Description: Tenant occupied, month to month lease
  • Unit 1 Full Baths: 1
  • Unit 1 Partial Baths: 0
  • Unit 1 Occupancy: Tenant
  • Unit 1 Rent: $2,090.00
  • Unit 1 Approx SqFt: 0.0
  • Unit 1 SqFt Source: Not Measured
  • Unit 1 # of Rooms: 0
Unit 2
  • Unit 2 Bedrooms: 1
  • Unit 2 Description: Tenant occupied, month to month lease
  • Unit 2 Full Baths: 1
  • Unit 2 Partial Baths: 0
  • Unit 2 Occupancy: Tenant
  • Unit 2 Rent: $2,015.00
  • Unit 2 Approx SqFt: 0.0
  • Unit 2 SqFt Source: Not Measured
  • Unit 2 # of Rooms: 0
Unit 3
  • Unit 3 Bedrooms: 0
  • Unit 3 Full Baths: 0
  • Unit 3 Partial Baths: 0
  • Unit 3 Rent: $.00
  • Unit 3 Approx SqFt: 0.0
  • Unit 3 # of Rooms: 0
Unit 4
  • Unit 4 Bedrooms: 0
  • Unit 4 Full Baths: 0
  • Unit 4 Partial Baths: 0
  • Unit 4 Rent: $.00
  • Unit 4 Approx SqFt: 0.0
  • Unit 4 # of Rooms: 0
Rental
Rent Information
  • Lease Term: Month To Month
  • # Of Units Month to Month: 2
  • Studio Annual Occupancy: .00%
  • Tenant Pays: Cable TV, Electricity, Gas

Property History for 1501 Terrace Street

DateEvent & SourcePriceAppreciation
Aug 31, 2025

Listed (Active)

RESFAR #425061050

$799,000
DateEvent & SourcePrice
08/31/2025

Listed (Active)

RESFAR #425061050

$799,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1501 Terrace Street

Taxable ValueLand$125,404Additions$67,865Total$193,269
Tax Record2025$2,250 ($188 / month)
Home Facts
Baths2Total Finished SqFt1,056 SqFtAbove Grade Finished SqFt1,056 SqFtStories1Lot Size6,625 SqFtStyleDuplexYear Built1953CountyMONTEREYAPN012-183-014-000Fireplace TypeHas Fireplace

Schools near 1501 Terrace Street

This home is within Monterey Peninsula Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Martin Luther King School
PublicK to 6

Seaside Middle School
Public7 to 8

Seaside High School
Public9 to 12

International School Of Monterey
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1501 Terrace Street is a multi-family home for sale in Seaside, CA 93955. This property was listed for sale on August 31, 2025 by Compass, it's currently listed at $799,000. This listing's school district is Monterey Peninsula Unified School District. Nearby schools include Martin Luther King School, Seaside Middle School and Seaside High School. 1501 Terrace Street is a 2-bed, 2-bath, 1,056 sqft multi-family home built in 1953.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Gerald Guay, DRE #01168485

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.