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Land - 0 Sonoma Ave & Terrace St, Seaside, CA

$599,900

0 Sonoma Ave & Terrace St, Seaside, CA

MLS# 41135800

0 Sonoma Ave & Terrace St, Seaside, CA 93955 - $599,900 · Land for Sale, photo 1 0 Sonoma Ave & Terrace St, Seaside, CA 93955 - $599,900 · Land for Sale, photo 2 0 Sonoma Ave & Terrace St, Seaside, CA 93955 - $599,900 · Land for Sale, photo 3 0 Sonoma Ave & Terrace St, Seaside, CA 93955 - $599,900 · Land for Sale, photo 4 0 Sonoma Ave & Terrace St, Seaside, CA 93955 - $599,900 · Land for Sale, photo 5
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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) 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. Buyer to verify above with city of Seaside.

Property details

Property type
Land
Lot size
8,853 sqft

Location

0 Sonoma Ave & Terrace St • Seaside, CA 93955

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Listing Agent

Steve Mohseni

DRE #: 01267039

Brokerage: Compass

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CRMLS

MLS# 41135800

Listed: 5/26/2026 10:13 AM

© 2026 California Regional Multiple Listing Service, Inc.

Based on information from the California Regional Multiple Listing Service, Inc. as of 8/8/2026 11:58 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.

IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.

Listed by: Compass

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.

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Nalren Corp. · CA DRE #02423715