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In-PersonVirtual Tour
$ 2,450,000
Est. payment | /mo
8 Beds
5 Baths
6,048 SqFt
$ 2,450,000
Est. payment | /mo
8 Beds
5 Baths
6,048 SqFt
Open House
Fri Feb 06, 1:00pm - 2:00pm
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 6,048 sqft
Price per Sqft $405
Lot Size 0.321 Acres
MLS Listing ID ML82033213
Bedrooms 8
Full Baths 5
Property Description
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 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
Location
State CA
County Monterey
Area Lower Broadway
Zoning R-M
Interior
Heating Wall Furnace
Cooling None
Flooring Carpet, Laminate
1-purchase type For Sale
Exterior
Garage Carport
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Composition
Building
Foundation Concrete Perimeter and Slab
Sewer Sewer - Public
Water Private / Mutual
Others
Restrictions None
Tax ID 012-362-032-000
Security Features None
Special Sale Not Applicable
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Listed by Audrey Wardwell of 36 North Properties
Bought with Audrey Wardwell of 36 North Properties
Bought with Audrey Wardwell of 36 North Properties
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