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Exceptional investment opportunity at $13,025 987 Harcourt Ave 4 Unit Apartment Building $1,995,000 ($498,750/Unit) Seaside, CA 93955
Investment Highlights
- Exceptional investment opportunity at $13,025/month in rent, this well-maintained fourplex delivers income performance comparable to a commercial asse
- The property features two spacious 3-bedroom, 1.5-bath units, one unit currently configured as a 1-bedroom with approved plans to convert to a 2-bedro
Executive Summary
Exceptional investment opportunity at $13,025/month in rent, this well-maintained fourplex delivers income performance comparable to a commercial asset while benefiting from the flexibility of residential financing and streamlined management.
The property features two spacious 3-bedroom, 1.5-bath units, one unit currently configured as a 1-bedroom with approved plans to convert to a 2-bedroom, 2-bath (offering excellent value-add potential), and an additional 1-bedroom, 1-bath unit. Notably, two of the units were newly constructed in 2025, providing modern finishes and minimizing near-term maintenance needs.
Each unit is equipped with in-unit laundry, enhancing tenant appeal and supporting strong retention. Recent capital improvements include a new electrical panel, upgraded main service, new water main, and a newly completed driveway with six off-street parking spaces.
The property features two spacious 3-bedroom, 1.5-bath units, one unit currently configured as a 1-bedroom with approved plans to convert to a 2-bedroom, 2-bath (offering excellent value-add potential), and an additional 1-bedroom, 1-bath unit. Notably, two of the units were newly constructed in 2025, providing modern finishes and minimizing near-term maintenance needs.
Each unit is equipped with in-unit laundry, enhancing tenant appeal and supporting strong retention. Recent capital improvements include a new electrical panel, upgraded main service, new water main, and a newly completed driveway with six off-street parking spaces.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,995,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $498,750 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Sale Condition | 1031 Exchange | Building Size | 3,375 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | ||
| Zoning | RMD - Residential Medium Density | ||
| Price | $1,995,000 |
| Price Per Unit | $498,750 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 3,375 SF |
| No. Stories | 1 |
| Year Built | 2025 |
| Zoning | RMD - Residential Medium Density |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | $4,450 | - |
| 1+1 | 2 | $2,257 | - |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 012-361-024-000 | Total Assessment | $586,676 |
| Land Assessment | $378,850 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $207,826 | Tax Year | 2025 |
Property Taxes
Parcel Number
012-361-024-000
Land Assessment
$378,850
Improvements Assessment
$207,826
Total Assessment
$586,676
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Exceptional investment opportunity at $13,025 | 987 Harcourt Ave
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