1523 Del Monte BlvdSeaside, CA 93955

  • Automotive properties
  • 5,530 SF
For Sale
$3,500,000 View listing

Property Details for 1523 Del Monte Blvd

Year built
1950
Construction
WOOD
Lot size
0.26 AC
Property size (Sq ft)
5,530 SF
Property type
Automotive properties
APN
011-301-021-000
APU
11301021000

Description

This exceptional commercial property, located at 1523-1533 Del Monte Boulevard in Seaside, California, presents a rare investment opportunity. The 0.69-acre site encompasses six individual parcels and multiple existing structures, offering significant flexibility for redevelopment or continued operation as a multi-tenant property. Currently, the property generates income from three month-to-month tenants

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,434,335
    6.5%
    $2,247,078
    7%
    $2,086,573
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,886,778
    Geo Method
    $3,886,778
  • Alternative Use

    Use
    Valuation
    Residential
    $1,895,495
    Hospitality
    $1,736,263
    Educational
    $1,444,550
    Medical
    $1,494,231
    Retail
    $2,247,078
1523 Del Monte Blvd, Seaside, California

Location Insight

City
Seaside
County
Monterey
State
California
Latitude
36.6084
Longitude
-121.855
CBSA code
41500
CBSA name
SALINAS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,938
$259,166
$180,811
$439,977
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