Property Details
Upcoming Open Houses
About this Property
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
MLS Listing Information
MLS #
ML82033213
MLS Source
MLSListings, Inc.
Days on Site
1
Interior Features
Flooring
Carpet, Laminate
Cooling
None
Heating
Wall Furnace
Exterior Features
Roof
Composition
Foundation
Concrete Perimeter and Slab
Parking, School, and Other Information
Garage/Parking
Carport, Garage: 0 Car(s)
Elementary District
Monterey Peninsula Unified
High School District
Monterey Peninsula Unified
Sewer
Public Sewer
Zoning
R-M
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 7 | 8 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | – | 2 | 1/0 | – | – | 8 |
| 2 | – | 2 | 1/0 | – | – | – |
| 3 | – | 2 | 1/0 | – | – | – |
| 4 | – | 2 | 1/0 | – | – | – |
| 5 | – | 2 | 1/0 | – | – | – |
| 6 | – | 2 | 1/0 | – | – | – |
| 7 | – | 2 | 1/0 | – | – | – |
| 8 | – | 2 | 1/0 | – | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
979 Hilby Ave is a Residential Income in Seaside, CA 93955. This 6,048 square foot property sits on a 13939 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,450,000 and was built in 1979. This address can also be written as 979 Hilby Ave, Seaside, CA 93955.
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This listing information is up-to-date as of January 30, 2026. For the most current information, please contact Audrey Wardwell, (831) 320-7116
