Active

Sonoma Ave & Terrace St

Seaside, CA 93955

$599,900 $2,529/Mo

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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

Bathroom Information

Total Baths: 0

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.2032
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 8853

Listing Price Information

Original List Price: 599,900 Listing Contract Date: 2026-05-26
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 012272047000

Other Property Info

Source Listing Status: Active Source Neighborhood: Directions: Cross Street: Sonoma. Zoning: RM - Multi Source Property Type: Land

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ByOwner last updated this listing 06/07/2026 @ 18:12

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