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979 Hilby Avenue, Seaside, CA 93955
Priced at Only: $2,450,000
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Address: 979 Hilby Avenue, Seaside, CA 93955
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  • MLS#: ML82033213 ( )
  • Street Address: 979 Hilby Avenue
  • Viewed: 1
  • Price: $2,450,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1979
  • Bldg sqft: 0
  • Days On Market: 71
  • Additional Information
  • County: MONTEREY
  • City: Seaside
  • Zipcode: 93955
  • Provided by: 36 North Properties
  • Contact: Audrey Audrey
  • California Regional MLS IDX
  • DMCA Notice
  • 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
Features
Building Area Total
  1. 6048.00
Carport Spaces
  1. 8.00
Cooling
  1. None
Heating
  1. Wall Furnace
Insurance Expense
  1. 7086.00
Otherexpense
  1. 2156.00
Parcel Number
  1. 012362032000
Roof
  1. Composition
Totalexpenses
  1. 64068.00
Trash Expense
  1. 0.00
Year Built
  1. 1979
Year Built Source
  1. Assessor
Zoning
  1. R-M
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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