Immediate upside with the ability for new ownership to increase rents on day one, 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 spanning education, tourism, healthcare, and agriculture, including Montage Health, CSU Monterey Bay, Monterey Bay Aquarium, and CTB-McGraw Hill, among others. Residents also enjoy convenient access to major transportation routes, 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 prime coastal location. With a world-class location in the heart of Monterey County, 1286 La Jolla Ave presents an attractive opportunity for investors due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
