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Listed by Audrey Wardwell • 36 North Properties, DRE#01746254
$1,895,000
Est. payment /mo
8 Beds
6 Baths
3,375 SqFt
Price Dropped by $100K
987 Harcourt AVE Seaside, CA 93955
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,375 sqft
Price per Sqft $561
MLS Listing ID ML82041454
Bedrooms 8
Full Baths 5
Half Baths 2
Year Built 2025
Lot Size 7,078 Sqft
Property Sub-Type Fourplex
Property Description
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.
Location
State CA
County Monterey
Area Lower Broadway
Zoning RMD
Interior
Heating Other
Cooling None
Exterior
Parking Features Uncovered Parking
Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities
Roof Type Composition
Building
Story 1
Foundation Concrete Perimeter and Slab
Sewer Sewer - Public
Water Public
Level or Stories 1
Others
Tax ID 012-361-024-000
Security Features None
Horse Property No
Special Listing Condition Not Applicable

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