- $2.5M Price
- .32 Acres
- 40 DOM
979 Hilby Avenue
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
Essential Information
- MLS® #ML82033213
- Price$2,450,000
- Bathrooms0.00
- Acres0.32
- Year Built1979
- TypeCommercial Sale
- StatusActive Under Contract
Community Information
- Address979 Hilby Avenue
- Area699 - Not Defined
- CitySeaside
- CountyMonterey
- Zip Code93955
Interior
- HeatingWall Furnace
- CoolingNone
Exterior
- RoofComposition
School Information
- DistrictOther
Additional Information
- Date ListedJanuary 30th, 2026
- Days on Market40
- ZoningR-M
Listing Details
- AgentAudrey Wardwell
- Office36 North Properties
Price Change History for 979 Hilby Avenue, Seaside, (MLS® #ML82033213)
| Date | Details | Change |
|---|---|---|
| Status Changed from Active to Active Under Contract | – |
Audrey Wardwell, 36 North Properties.
Based on information from California Regional Multiple Listing Service, Inc. as of March 17th, 2026 at 11:58pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.