Exceptional opportunity to acquire a well-located 8-unit multifamily property in the heart of Seaside. The asset features a strong unit mix with most units already remodeled, providing immediate income stability with additional upside potential. The property offers 8 covered carport parking spaces, on-site common area laundry, and a functional layout… Read More designed for long-term tenant retention and operational efficiency. Recent interior upgrades across the majority of units reduce near-term capital expenditure requirements while supporting strong market rents. Located in a highly desirable Seaside neighborhood with close proximity to Highway 1, downtown Seaside, Monterey Peninsula College, CSUMB, retail centers, dining, and major employment corridors, this asset benefits from consistent rental demand and low vacancy. This is a high-performing income property with a healthy cap rate, stable cash flow, and long-term appreciation upside in one of Monterey Countys strongest rental markets. Highlights: 8 residential units Majority of units remodeled 8 covered carports On-site common laundry Prime Seaside location Strong in-place income Healthy cap rate Long-term appreciation and value-add potential Read Less
Courtesy of 36 North Properties, Audrey Wardwell 831-320-7116
Listing Snapshot
Days Online
1
Last Updated
Property Type
Five Or More Units
Square Ft.
6,048
Lot Size
0.32 Acres
Year Built
1979
MLS Number
ML82033213
30 Days Snapshot Of 93955
$798k
+1%
(avg) sold price
6
-45%
homes sold
95
+331%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 14000.00, Max Area Units: Square Feet, Lot is 0.32139577594123 acres
Accessibility Features
Parking
Unit One
2 bedrooms
Unit Two
bedrooms: 2
Unit Three
bedrooms: 2
Unit Four
2 bedrooms
Building
6,048 structure square feet, Age: 47, Built in 1979, 2 buildings, 8 minimum units in complex
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than the office represented by this website are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. The broker providing this data believes the data to be correct, but advises interested parties to confirm all information before relying on it for a purchase decision. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings last updated on .
Confirm your time
Fill in your details and we will contact you to confirm a time.