Professionally Managed Multifamily
1270 Ord Grove Avenue Seaside, CA 93955
1270 Ord Grove Avenue, Seaside, CA, 93955
$1,850,000
For Sale
$1,850,000
Professionally managed multifamily property with stabilized tenancy and consistent income history.
Property Size6,000 SF
Price / SF$308.33
Days on Market178
Property Features for 1270 Ord Grove Avenue
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1970
Listing agency
36 North Properties
(831) 320-7116
Listed by
Audrey Wardwell
Source
Xome
Added: Jan 25 Updated: Jul 22 at 9:16AM Checked: Jul 22 at 9:16AM
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 36 North Properties
Investment Insights
Based on property information with market context.
1270 Ord Grove Avenue is a professionally managed multifamily apartment building offered for sale. The property is described as having a stabilized tenant base and consistent income history, supported by clean operating financials, making it well suited for investors looking for current performance.
Located at 1270 Ord Grove Avenue in Seaside, CA 93955, this asset is positioned to support long-term occupancy given the stated demand drivers in the surrounding market. The seller notes measured value-add potential aimed at improving income through operational and rental optimization rather than heavy capital redevelopment.
Located at 1270 Ord Grove Avenue in Seaside, CA 93955, this asset is positioned to support long-term occupancy given the stated demand drivers in the surrounding market. The seller notes measured value-add potential aimed at improving income through operational and rental optimization rather than heavy capital redevelopment.
Key Highlights
- Professionally managed multifamily property with stabilized tenancy
- Consistent income history reported for the multifamily asset
- Roof: composition
Local Financial Insights For Apartment 5plus
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 | $180.0k | $30.00 |
| − Vacancy | −$4.5k | −$0.75 |
| EGI | $175.5k | $29.25 |
| − OpEx | −$79.0k | −$13.16 |
| NOI | $96.5k | $16.09 |
6,000 SF · lease $30.00/SF/yr · vacancy 2.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.38M
$1.21M – $1.61M
NOI $96,525 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.29M
$2.00M – $2.67M
NOI $160,369 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Professionally managed multifamily property with stabilized tenancy and consistent income history.
Where is this apartment building located?
The property is located at 1270 Ord Grove Avenue Seaside, CA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Professionally managed multifamily property with stabilized tenancy; Consistent income history reported for the multifamily asset; Roof: composition
