979 Hilby AVE, Seaside, CA 93955
979 Hilby AVE, Seaside, CA 93955
979 Hilby AVE, Seaside, CA 93955
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Listed by Audrey Wardwell • 36 North Properties, DRE#01746254
$2,450,000
Est. payment /mo
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8 Beds
5 Baths
6,048 SqFt
Contingent

979 Hilby AVE Seaside, CA 93955

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The Ruiz Group Real Estate

The Ruiz Group Real Estate

+1(831) 877-2057

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Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Contingent

Purchase Type For Sale

Square Footage 6,048 sqft

Price per Sqft $405

MLS Listing ID ML82033213

Bedrooms 8

Full Baths 5

Year Built 1979

Lot Size 0.321 Acres

Property Sub-Type Five or More Units

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

Exterior

Parking Features 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 Listing Condition Not Applicable

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The Ruiz Group Real Estate

The Ruiz Group Real Estate

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