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1286 La Jolla Ave 8 Unit Apartment Building $2,978,489 CAD ($372,311 CAD/Unit) 4% Cap Rate Seaside, CA 93955
INVESTMENT HIGHLIGHTS
- Exceptional Investment Opportunity
- Extraordinary Neighborhood
- Immediate upside with the ability for new ownership to increase rents on day one
- Desirable Unit Mix
- Nearby Local Attractions
EXECUTIVE SUMMARY
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.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,978,489 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $372,311 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 4% | Building Size | 4,368 SF |
| Gross Rent Multiplier | 13.84 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1956 |
| Property Type | Multifamily | Parking Ratio | 1.83/1,000 SF |
| Property Subtype | Apartment |
| Price | $2,978,489 CAD |
| Price Per Unit | $372,311 CAD |
| Sale Type | Investment |
| Cap Rate | 4% |
| Gross Rent Multiplier | 13.84 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,368 SF |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 1.83/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | - | - |
1 1
Walk Score®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 011-091-008-000 | Improvements Assessment | $1,077,686 CAD (2025) |
| Land Assessment | $905,616 CAD (2025) | Total Assessment | $1,983,303 CAD (2025) |
PROPERTY TAXES
Parcel Number
011-091-008-000
Land Assessment
$905,616 CAD (2025)
Improvements Assessment
$1,077,686 CAD (2025)
Total Assessment
$1,983,303 CAD (2025)
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1286 La Jolla Ave
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