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Listed by 36 North Properties, Audrey Wardwell, Listing Contact: 831-320-7116
6,048 sqft

$2,400,000

979 Hilby AVE, Seaside CA, 93955

Price per sqft$396.83
Built in1979
Property size6,048 sqft
Property typeResidential

Overview

Sold

Listed Jan 30, 2026

Updated 3 days ago

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

MLS® ID
ML82033213

Interior Features

Heating
Yes
Basement
No

Exterior Features

Lot Size
0.32 Acres
MLS provider logo

Listed by 36 North Properties, Audrey Wardwell DRE:01746254,
Listing Contact: 831-320-7116 

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Data last updated 8:15 PM UTC, 9/18/2026

 

 

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