4386-4387 Parker Flats Cut Off Rd.

Mahoney & Associates is pleased to present to the market the opportunity to purchase the Parker Flats Apartments project in Seaside CA. The proposed project would involve conversion of an existing abandoned military nursing barracks on the former Fort Ord into residential apartments with 42 dwelling units, including two one-bedroom/one-bath units, 29 two-bedroom/one-bath units, and 11 three-bedroom/two-bath units. The project site is located at 4386 – 4387 Parker Flats Cut Off Road in the City of Seaside, within the former Fort Ord. Project activities would be contained entirely within the footprint of two existing three-story vacant military nursing barracks buildings, an existing paved parking lot, and an existing paved driveway. The project site is located on a 4.9-acre parcel.

The proposed project would involve the renovation of the two existing buildings (Buildings A and B) on the project site to convert them into residential apartments. Building A has an existing footprint of ±19,909 SF and Building B has an existing footprint of ±19,380 SF. Building A would house 21 dwelling units, including two one-bedroom/one-bath, 14 two-bedroom/ one-bath and five three-bedroom/two-bath units, as well as the laundromat and administration offices. Building B would house 21 dwelling units, including 15 two-bedroom and six three-bedroom units. Of the 42 total units, 8 units will be deed restricted as affordable; 2 low income, 3 moderate income, and 3 workforce. The existing footprint of both buildings would be unchanged as a result of the project, other than the addition of a 157 square foot electrical room.