1286 La Jolla Ave - Apartments FOR SALE


Seaside, CA 93955- Ord Grove
$2,160,000 USD
650-492-0934
1286 La Jolla Ave, Seaside, CA for Sale
$2,160,000 USD
Apartments - FOR SALE
1/2
null | 4% Cap Rate

1286 La Jolla Ave
Seaside, CA 93955
Ord Grove


HIGHLIGHTS

  • Exceptional Investment Opportunity
  • Desirable Unit Mix
  • Extraordinary Neighborhood
  • Nearby Local Attractions
  • Immediate upside with the ability for new ownership to increase rents on day one

OVERVIEW

1286 La Jolla Ave is an exceptional 8-unit apartment community in the coastal city of Seaside, CA. Situated on a parcel of land totaling 6,862 square feet, the subject property was originally constructed in 1956 and features a gross building area of approximately 4,368 square feet, offering tenants 100% beautifully designed one-bedroom floor plans. The City of Seaside is centrally located between the bustling city of Monterey and California State University Monterey Bay. The Monterey Bay area is home to a diverse employer base of educational institutions, tourism, healthcare, and agriculture including Montage Health, CSU Monterey Bay, Monterey Bay Aquarium, CTB-McGraw Hill, as well as many others. The area also offers residents several transportation options including California State Route 1, California State Route 218, U.S. 101, and California State Route 68. The investment appeal of this asset is driven by Seaside's appealing location along California's iconic coast. With a world-class location in the heart of Monterey County, 1286 La Jolla Ave presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

FOR SALE DETAILS

PRICE

$2,160,000 USD

PRICE/SF

$336 USD /SF

# OF UNITS

8

PRICE/UNIT

$270,000

CAP RATE

4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,862 SF

ZONING

-

APN/PARCEL ID

011-091-008-000

ASK ABOUT THIS PROPERTY

Adam LevinLevin JohnstonMore Info
650-492-0934

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Adam LevinLevin JohnstonMore Info
650-492-0934

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.