8-Unit Apartment
For Sale
$2,160,000
1286 La Jolla Avenue, Seaside, CA 93955
Eight residences offer consistent one-bedroom layouts in Seaside, a coastal California city near Monterey.
Property Size4,368 SF
Lot Size0.16 Acres
Price / SF$494.51
Days on Market262
Property Features for 1286 La Jolla Avenue
General Information
Standard status
Active
Size
4,368 SF
Total Parking Spaces
8
Lot size
0.16 Acres
Property subtype
5+ Units / Five or More Units
Units
Unit Mix
8 x 1BR
Multifamily Units
8
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$26,584
Amenities
Assigned Spaces
No, No, 4368, None, None
Building Details
Year Built
1956
Buildings
1
Listing Agency:
Marcus & Millichap
(650) 492-0934
Listed By:
Adam S. Levin · License #01462752
(650) 492-0934
Source:
Compass
Added: Dec 11, 2025
Changed: Aug 30
Last Checked: Aug 30 at 1:25PM
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 Marcus & Millichap
Investment Insights
Based on property information with market context.
Built in 1956, this apartment property at 1286 La Jolla Avenue contains 8 units within approximately 4,368 square feet of gross building area. The unit mix is entirely composed of one-bedroom floor plans, supported by a 6,862-square-foot parcel.
The property is located in Seaside, positioned between Monterey and California State University Monterey Bay. Regional transportation access includes California State Route 1, California State Route 218, U.S. 101, and California State Route 68. The surrounding Monterey Bay area includes employers and destinations such as Montage Health, CSU Monterey Bay, Monterey Bay Aquarium, and CTB-McGraw Hill, along with shopping, dining, and entertainment options.
The property is located in Seaside, positioned between Monterey and California State University Monterey Bay. Regional transportation access includes California State Route 1, California State Route 218, U.S. 101, and California State Route 68. The surrounding Monterey Bay area includes employers and destinations such as Montage Health, CSU Monterey Bay, Monterey Bay Aquarium, and CTB-McGraw Hill, along with shopping, dining, and entertainment options.
Key Highlights
- 8‑unit apartment property at 1286 La Jolla Avenue
- All 8 units feature one‑bedroom floor plans
- Approximately 4,368 SF of gross building area
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
$70,270
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
3.25%
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%
$1,405,400
$1.4M
Cap Rate 7%
$1,003,857
$1.0M
Cap Rate 9%
$780,778
$780.8K
Market Conditions
NOI Build-Up for 4,368 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
$131.0K $30.00/SF
− Vacancy
−$3.3K −$0.75/SF
EGI
$127.8K $29.25/SF
− OpEx
−$57.5K −$13.16/SF
NOI
$70.3K $16.09/SF
Area
Monterey County, CA
Vacancy
2.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
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%
$1,405,400
Cap Rate 7%
$1,003,857
Cap Rate 9%
$780,778
Alternative Uses
Best Use
Apartment 5plus
$1.00M
$878.4K – $1.17M
NOI $70,270 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.67M
$1.46M – $1.95M
NOI $116,749 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
909
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?
Apartment building - Eight residences offer consistent one-bedroom layouts in Seaside, a coastal California city near Monterey.
Where is this apartment building located?
The property is located at 1286 La Jolla Avenue Seaside, CA.
What is the asking price?
The asking price for this property is $2,160,000.
What are key features of this property?
This property features: 8‑unit apartment property at 1286 La Jolla Avenue; All 8 units feature one‑bedroom floor plans; Approximately 4,368 SF of gross building area
