Hilby

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