Active

Sonoma Ave & Terrace St

Seaside, CA 93955

$599,900 $2,529/Mo

Get Pre-Approved Check your credit

Overview

8,853

Sqft(Lot)

Description

Tax-Free QOZ (Qualified Opportunity Zone) Eligible Investment - Seaside Vacant Lot Multi-family - APN 012-272-046 & 012-272-047 Two premium lots in Seaside, combined at 1/5 acre (8,853 square feet) in RM zoning located in a prime location, with capacity to build at a ratio of 30 units per one acre as per Seaside Planning Department. The two adjacent parcels are sitting on the corner of Sonoma Avenue and Terrace Street with a view of the Carmel Valley and the Monterey Bay, ideal for a new multi-unit development & investment or simply an ideal place to build your dream home. This location also offers an incredible opportunity to potentially benefit from the new 2025 sweeping tax reform (OBBBA) and its tax incentives as this location falls within the QOZ 1.0 (Qualified Opportunity Zone) are a. Take advantage of this tax law, harvest capital gain tax deferment and exclusion resulting from development at this location. The preliminary evaluation suggests that a new development for a total of 3,984 square feet can be built. This can be configured as a 4-unit townhome style community with 2 three-bedroom, 2.5 bathroom, 2-car garages with 1,150sf each; in addition to 2 two-bedroom, 1.5 bathroom, 1-car garage with 840 sf each, one being designated as an affordable housing unit.

Property Details

Property Type : Land

Price : $599,900

AD Id : 79497999

MLS Id : 41135800

Lot Size : 8,853 Sqft(Lot)

County : Monterey

Map

What's Nearby

Nearby Areas

Features

Lot Information

Main Square Feet: 8853 Lot Size Acres: 0.2032 Lot Size Square Feet: 8,853 Lot Description: Corner Lot

Property Information

Subdivision: Other Source Property Type: Land

Listing Price Information

Listing Price: $599900

Cash, Conventional, 1031 Exchange, Owner May Carry

Tax Information

Parcel Number: 012272047000

Location Information

Direction: Cross Street: Sonoma.

Sell a home like this and save $35,495 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Loading, please wait...

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/23/2026 @ 05:00

MLS: 41135800 LISTED BY: Steve Mohseni, Compass 925-257-0305 SOURCE: CRMLS