979 Hilby AVE, Seaside, CA 93955
- $2,400,000
- 6,048
- SqFt
Listed by Audrey Wardwell, 831-320-7116 from 36 North Properties
(If provided) CoList: from
Sold listing courtesy of Audrey Wardwell from NTHP
- Sold Price
- $2,400,000
- List Price
- $2,450,000
- Closing Date
- May 29, 2026
- MLS#
- ML82033213
- Status
- SOLD
- Sqft. of Residence
- 6,048
- Lot Size
- 14,000
- Listing Area
- Lower Broadway
- Year Built
- 1979
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
Additional Information
- Acres
- 13939
- Cooling System
- None
- Floor Covering
- Carpet, Laminate
- Foundation
- Concrete Perimeter and Slab
- Garage Parking
- Carport
- Heating System
- Wall Furnace
- Living Area
- 6,048
- Lot Size
- 14,000
- Neighborhood
- Lower Broadway
- Other Utilities
- Individual Electric Meters, Individual Gas Meters
- Roof
- Composition
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
- Zoning
- R-M
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