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) area. 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.
A great warehouse opportunity 800 square feet on almost half an acre of land. The structure can store up to 4-6 cars depending on size, with a new cement floor, stucco walls and a brand new roof. Many possibilities with the current zoning - ie. agriculture, resource and open space, education/public assembly, retail, visitor/travel and more! Ask your realtor to inquire about this unique and rare opportunity.


Seaside is located in California. Seaside, California has a population of 32,631. Seaside is less family-centric than the surrounding county with 34.88% of the households containing married families with children. The county average for households married with children is 35.83%.
The median household income in Seaside, California is $74,140. The median household income for the surrounding county is $82,013 compared to the national median of $69,021. The median age of people living in Seaside is 33.9 years.
The average high temperature in July is 68 degrees, with an average low temperature in January of 41.3 degrees. The average rainfall is approximately 16.5 inches per year, with 0.1 inches of snow per year.