Immediate upside with the ability for new ownership to increase rents on day one, 1286 La Jolla Ave is an exceptional 8-unit apartment community in the coastal city of Seaside, CA. Situated on a parcel of land totaling 6,862 square feet, the subject property was originally constructed in 1956 and… Read More features a gross building area of approximately 4,368 square feet, offering tenants 100% beautifully designed one-bedroom floor plans. The City of Seaside is centrally located between the bustling city of Monterey and California State University Monterey Bay. The Monterey Bay area is home to a diverse employer base spanning education, tourism, healthcare, and agriculture, including Montage Health, CSU Monterey Bay, Monterey Bay Aquarium, and CTB-McGraw Hill, among others. Residents also enjoy convenient access to major transportation routes, including California State Route 1, California State Route 218, U.S. 101, and California State Route 68. The investment appeal of this asset is driven by Seaside's prime coastal location. With a world-class location in the heart of Monterey County, 1286 La Jolla Ave presents an attractive opportunity for investors due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options. Read Less
Courtesy of Marcus & Millichap, Adam S. Levin 650-492-0934
Listing Snapshot
Days Online
9
Last Updated
Property Type
Five Or More Units
Square Ft.
4,368
Lot Size
0.16 Acres
Year Built
1956
MLS Number
ML82029309
30 Days Snapshot Of 93955
$879k
-13%
(avg) sold price
13
+30%
homes sold
38
+31%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 6862.00, Max Area Units: Square Feet, Lot is 0.15752984389348 acres
Accessibility Features
None
Building
4,368 structure square feet, Age: 69, Built in 1956, 1 building, 8 minimum units in complex
Cooling
None
Foundation
Concrete Slab
Garage
Assigned Spaces
Water Features
Public
Heating
Central Forced Air
Tenant Pays
Utilities - Electric, Utilities - Gas
Miscellaneous
Total expenses: 65140
Parking
8 parking spaces
Property
Zoning: 0
Roof
Composition
Security Features
None
Taxes
Annual tax amount: $26,584
Sewer
Sewer - Public
Utilities
Separate Gas, Separate Water, Individual Electric Meters, Individual Gas Meters
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