Home | Monterey County | Seaside | 93955 | 979 Hilby Ave
MLS: ML82033213 | Status: | Price: $2,450,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Acres Lot | Yr Built |
|---|---|---|---|---|
| – | – | 6,048 | 13939 | 1979 |
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
| Field | Value |
|---|---|
| MLS # | ML82033213 |
| MLS Source | MLSListings, Inc. |
| Feature | Details |
|---|---|
| Flooring | Carpet, Laminate |
| Cooling | None |
| Heating | Wall Furnace |
| Feature | Details |
|---|---|
| Roof | Composition |
| Foundation | Concrete Perimeter and Slab |
| Feature | Details |
|---|---|
| Garage/Parking | Carport, Garage: 0 Car(s) |
| Elementary District | Monterey Peninsula Unified |
| High School District | Monterey Peninsula Unified |
| Sewer | Public Sewer |
| Zoning | R-M |
Audrey Wardwell
36 North Properties
License #: 01746254
Phone: (831) 320-7116
| # 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 | – | – | 8 |
| 4 | – | 2 | 1/0 | – | – | 8 |
| 5 | – | 2 | 1/0 | – | – | 8 |
| 6 | – | 2 | 1/0 | – | – | 8 |
| 7 | – | 2 | 1/0 | – | – | 8 |
| 8 | – | 2 | 1/0 | – | – | 8 |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 987 Harcourt Ave | $1,995,000 | – | – | 3,375 | Active |
| 1801 Catalina St | $2,090,000 | – | – | 7,632 | Active |
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This listing information is up-to-date as of April 06, 2026. For the most current information, please contact Audrey Wardwell, (831) 320-7116.