
Seaside, California 93955
This mid-century residence presents a High-Potential Investment Opportunity, listed at $995,000—positioned above the $840,656 Fair Market Value. While the property requires a full interior rehab due to its Condition Rating of 5, the expansive 7,405 sq ft corner lot and desirable Lower Kimball location provide a solid foundation for value-add projects. The home’s original character and spacious floor plan offer significant upside for modernization. This asset is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking to create long-term equity through strategic renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1148 Modoc Street Subject | $995,000* List Price | 3 | 2 | 1,561 | $539 | - |
A 1373 Kimball Avenue Sold | $860,000 | 3 | 2 | 1,268 | $678 | 0.3 mi |
B 1079 Wheeler Street Sold | $724,000 | 3 | 1 | 1,100 | $658 | 0.2 mi |
C 1524 Elm Avenue Sold | $960,000 | 3 | 2 | 1,524 | $630 | 0.7 mi |
D 1497 Highland Place Sold | $810,000 | 2 | 1 | 1,268 | $639 | 0.5 mi |
E 1125 Kimball Avenue Sold | $751,000 | 2 | 1 | 1,124 | $668 | 0.1 mi |
F 1140 Palm Avenue Active Under Contract | $799,000 List Price | 3 | 1 | 1,522 | $525 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1957, this property is over 60 years old and retains most of its original mid-century features. The kitchen and bathrooms are significantly dated (well over 30 years), with the kitchen showing rusted appliances and original cabinetry. While functional, the home requires a full interior rehab to address the aged systems and finishes.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1561.
Situated in the desirable Lower Kimball neighborhood, the property offers a quiet residential setting with quick access to Monterey, Carmel-by-the-Sea, and local beaches.
The expansive 7,400 sq ft corner lot provides a private fenced backyard and significant outdoor space, which is a premium feature for the area.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7405, other record lot size in square feet = 7600.
The home retains much of its 1957 character, suggesting that buyers will likely need to budget for significant cosmetic and functional updates to meet modern standards.
There is a notable discrepancy between the data-listed 1,561 sq ft and the described 1,750 sq ft, which may require professional verification during the due diligence period.
Located in Seaside's desirable Lower Kimball neighborhood, 1148 Modoc Street offers a wonderful opportunity to own a spacious mid-century home on a quiet street close to the best of the Monterey Peninsula. Set on a generous 7,400 sq ft corner lot with a private fenced backyard, this approximately 1,750 sq ft residence features 3 bedrooms, 2 bathrooms, a large living room with fireplace, a primary suite, bonus room, and attached 2-car garage. The home is in good condition while retaining much of its original character, making it an ideal canvas for buyers looking to personalize, update, and create long-term value. Enjoy a convenient location near Monterey, Pacific Grove, Carmel-by-the-Sea, coastal recreation, beaches, shopping, dining, and everyday services. With its spacious floor plan, desirable lot, quiet neighborhood setting, and strong upside potential, this handsome mid-century home is ready for its next chapter.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,561 | 1,242 | 81% |
| Lot Size | 7,405 | 5,625 | 81% |
| Price | $995.0K | $826.0K | 87% |
| Price per sq ft | $637 | $689 | 32% |
| Built year | 1957 | 1957 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 144 | 4% |
May 11, 2026
$995,000
Initial Listing