Multi-Tenant Office and Storage
1801 Catalina ST Seaside, CA 93955
For Sale
$2,090,000
MULTI_FAMILY - SEASIDE, CA
Property Size7,632 SF
Lot Size0.19 Acres
Price / SF$273.85
Days on Market80
Property Features for 1801 Catalina ST
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Commercial Property
Standard status
Active
Size
7,632 SF
Lot size
0.19 Acres
Utilities
Water source
Public
Building Details
Year built
1988
Roof type
Shingle
Listing Agency:
Douglas Elliman of California, Inc.
(310) 595-3888
Listed By:
Kathleen McCrystal · License #01463899
(831) 915-6879
Added: May 12
Changed: Jun 3
Last Checked: Jul 30 at 9:06AM
MLS# ML82044101
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale property features a multi-tenant commercial structure with five office suites, six upper-level storage units, and four ground-level garage bays. One of the garage bays includes accessory office space. In addition, there are two more storage units, creating a mixed configuration designed to support both business and storage needs. The property is located on a 0.1894-acre lot and totals 7,632 square feet.
The building is zoned for Commercial Property use. Most of the existing spaces are currently leased on a month-to-month basis, which may provide near-term flexibility for an owner or operator. The listing also notes city-supported potential for a six-story residential development, with preliminary discussions including parking and residential levels, as well as potential use of nearby dead-end street portions to improve access and circulation.
From an ownership standpoint, the property can fit buyers looking for an income-producing mixed office and storage setup while evaluating longer-range redevelopment planning. Buyers are also asked to cooperate with sellers regarding a 1031 exchange.
The building is zoned for Commercial Property use. Most of the existing spaces are currently leased on a month-to-month basis, which may provide near-term flexibility for an owner or operator. The listing also notes city-supported potential for a six-story residential development, with preliminary discussions including parking and residential levels, as well as potential use of nearby dead-end street portions to improve access and circulation.
From an ownership standpoint, the property can fit buyers looking for an income-producing mixed office and storage setup while evaluating longer-range redevelopment planning. Buyers are also asked to cooperate with sellers regarding a 1031 exchange.
Key Highlights
- Significant development potential with city support for a six‑story residential building.
- Prime location in Sand City, a dynamic and evolving micro‑market on the Monterey Peninsula.
- Potential for compelling views from upper‑level units (above the third floor).
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $183.2k | $24.00 |
| − Vacancy | −$40.3k | −$5.28 |
| EGI | $142.9k | $18.72 |
| − OpEx | −$35.7k | −$4.68 |
| NOI | $107.2k | $14.04 |
7,632 SF · lease $24.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.53M
$1.34M – $1.79M
NOI $107,153 @ 7.0% cap · market cap 5.13%
Second Best
Industrial
$1.31M
$1.15M – $1.53M
NOI $92,014 @ 7.0% cap · market cap 4.40%
Theoretical Best
Specialty Retail
$2.91M
$2.55M – $3.40M
NOI $203,990 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - For sale multi-tenant commercial building with office suites, storage units, and garage bays, with most spaces on month-to-month terms.
Where is this office units located?
The property is located at 1801 Catalina ST Seaside, CA.
What is the asking price?
The asking price for this property is $2,090,000.
What are key features of this property?
This property features: Significant development potential with city support for a six‑story residential building.; Prime location in Sand City, a dynamic and evolving micro‑market on the Monterey Peninsula.; Potential for compelling views from upper‑level units (above the third floor).
