Three-Unit Property with
For Sale
$1,649,500
Pending
1125 Olympia Ave, Seaside, CA 93955
Three attached residences offer owner-occupancy flexibility, private garages, and upgraded kitchen finishes.
Property Size5,180 SF
Days on Market126
Property Features for 1125 Olympia Ave
General Information
Standard status
Pending
Size
5,180 SF
Property subtype
Investment
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$13,750
Building Details
Building Size
5,180 SF
Year Built
2009
Stories
2
Units
3
Listing Agency:
eXp Realty of California, Inc.
(831) 236-7161
Listed By:
Stephen Poletti · License #00482426
(831) 236-7161
Source:
Elliman
Added: Apr 27
Changed: Aug 30
Last Checked: Aug 30 at 11:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty of California, Inc.
Investment Insights
Based on property information with market context.
Built in 2009, this triplex contains three residences with 1,725 square feet of living area per unit. Each residence includes three bedrooms and a two-car garage. Kitchen improvements include custom cabinetry and granite countertops throughout the property. Bath layouts vary: one unit has two baths, while the other two include a half bath downstairs.
The property is located at 1125 Olympia Ave in Seaside, California. WalkScore and BikeScore are both 74, and the TransitScore is 35. The three-unit configuration supports an owner-occupant arrangement with the remaining residences available for rental use, as well as continued use as a multifamily income property.
The property is located at 1125 Olympia Ave in Seaside, California. WalkScore and BikeScore are both 74, and the TransitScore is 35. The three-unit configuration supports an owner-occupant arrangement with the remaining residences available for rental use, as well as continued use as a multifamily income property.
Key Highlights
- Three‑unit multifamily property at 1125 Olympia Ave, Seaside, CA 93955
- Each unit provides 1,725 square feet of living area and 3 bedrooms
- Every residence includes a 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$90,475
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,809,500
$1.8M
Cap Rate 7%
$1,292,500
$1.3M
Cap Rate 9%
$1,005,278
$1.0M
Market Conditions
NOI Build-Up for 5,180 SF
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.
Gross rent
$132.4K $25.56/SF
− Vacancy
−$3.2K −$0.61/SF
EGI
$129.2K $24.95/SF
− OpEx
−$38.8K −$7.49/SF
NOI
$90.5K $17.47/SF
Area
Monterey County, CA
Vacancy
2.38%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,809,500
Cap Rate 7%
$1,292,500
Cap Rate 9%
$1,005,278
Alternative Uses
Best Use
Multifamily LT 5
$1.29M
$1.13M – $1.51M
NOI $90,475 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,333 @ 7.0% cap · market cap 5.05%
Theoretical Best
Specialty Retail
$1.98M
$1.73M – $2.31M
NOI $138,452 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,331
Businesses Nearby
Explore this area
Business Placement
Demographics for 93955, CA
32,703
Population
11,150
Households
2.9
Avg Household Size
34
Median Age
28%
College-Educated
81%
High-School Grad
26.3 sq mi
ZIP Area
1,243
Density / Sq Mi
$82,331
Median Household Income
$35,488
Median Earnings
$2,312
Median Rent
$693,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three attached residences offer owner-occupancy flexibility, private garages, and upgraded kitchen finishes.
Where is this triplex located?
The property is located at 1125 Olympia Ave Seaside, CA.
What is the asking price?
The asking price for this property is $1,649,500.
What are key features of this property?
This property features: Three‑unit multifamily property at 1125 Olympia Ave, Seaside, CA 93955; Each unit provides 1,725 square feet of living area and 3 bedrooms; Every residence includes a 2‑car garage
