$1,400,000
PENDING $400K PRICE DROP

1041 Beach Dr Seaside, OR 97138

Estimated payment $8,573/month

Total Views 35,287
16 Beds
8 Baths
6,136 Sq Ft
$228 Price per Sq Ft

Highlights

  • Ocean View
  • Laundry Facilities
  • Level Lot
  • Zoned Heating
  • High Speed Internet

About This Home

DO NOT DISTURB TENANTS! Centrally located with ocean view for some of the units. One block off the prom. Two story apartment living with a 6 Car carport and coin operated laundry room. Other parking at the corner of the building. 4 units completely remodeled, 2 units partially remodeled and 2 not remodeled with long term tenants. Each unit has their own storage unit. Do not disturb Tenants. Proof of ability to purchase before showings.

Last Listed By

Cindy Hawkins

Heron Realty License #980100124 Listed on: 03/29/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,029

Year Built

  • Built in 1969

Lot Details

  • Level Lot

Property Views

  • Ocean
  • Territorial

Home Design

  • Slab Foundation
  • Built-Up Roof
  • Plywood Siding Panel T1-11

Interior Spaces

  • 6,136 Sq Ft Home
  • 2-Story Property
  • Security Lights

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Parking

  • 8 Parking Spaces
  • Carport
  • Paved Parking

Schools

  • Cannon Bch Acad Elementary School
  • Seaside Middle School
  • Seaside High School

Utilities

  • No Cooling
  • Zoned Heating
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 12476

Community Details

Overview

  • 8 Units
  • Hermosa Park Subdivision
  • Property managed by Larcin Realty Group Inc.

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $35,367
  • Gross Income $117,940
  • Net Operating Income $82,573

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,029

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Standard Status: Pending
  • MLS Status: Pending
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1969
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Storage: IndividualStorageUnits,Locked
  • Total Bedrooms: 16
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: T111Siding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: Slab
  • View: Yes
  • Lot Features: Level, OceanBeachOneQuarterMileOrLess
  • Road Surface Type: Paved
  • Roof: BuiltUp
  • View: Ocean,Territorial

Garage/Parking

  • Parking Description: Carport, Paved
  • Attached Garage: No
  • Total Parking Spaces: 8.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Cable
  • Security: SecurityLights, Sidewalk
  • Cooling Y N: No
  • Heating: Zoned
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Management Name: Larcin Realty Group Inc.
  • Management Phone: 503-440-0130
  • Community Features: Laundry

Schools

  • Elementary School: Pacific Ridge
  • High School: Seaside
  • Middle Or Junior School: Seaside
  • Elementary School #2: Cannon Bch Acad

Lot Info

  • Zoning: R3
  • Parcel #: 12476

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 9028.73

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7, UnitTypeType8
  • Number Of Units Total: 8
  • Gross Rent Multiplier: 11.87
  • Annual Gross Income: 117940.0
  • Property Net Operating Income: 82573.0
  • Annual Operating Expense: 35367.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $9,029 $628,488 -- --
2023 $8,762 $610,183 $0 $0
2022 $8,523 $592,412 $0 $0
2021 $8,342 $575,158 $0 $0
2020 $8,147 $558,407 $0 $0
2019 $7,637 $542,144 $0 $0
2018 $7,418 $526,354 $0 $0
2017 $6,967 $511,024 $0 $0
2016 $6,099 $496,141 $206,259 $289,882
2015 $5,806 $481,691 $200,252 $281,439
2014 $6,097 $474,812 $0 $0
2013 -- $460,984 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2025 04/25/25 Pending -- -- --
03/07/2025 03/07/25 Price Changed $1,400,000 -6.7% $228 / Sq Ft
10/10/2024 10/10/24 Price Changed $1,500,000 -6.3% $244 / Sq Ft
10/09/2024 10/09/24 For Sale $1,600,000 0.0% $261 / Sq Ft
10/05/2024 10/05/24 For Sale $1,600,000 0.0% $261 / Sq Ft
07/15/2024 07/15/24 Pending -- -- --
07/07/2024 07/07/24 For Sale $1,600,000 0.0% $261 / Sq Ft
06/02/2024 06/02/24 Pending -- -- --
05/25/2024 05/25/24 Pending -- -- --
03/13/2024 03/13/24 Price Changed $1,600,000 -9.9% $261 / Sq Ft
09/08/2023 09/08/23 Price Changed $1,775,000 -1.4% $289 / Sq Ft
03/29/2023 03/29/23 For Sale $1,800,000 +309.1% $293 / Sq Ft
12/17/2013 12/17/13 Sold $440,000 -23.5% $71 / Sq Ft
11/05/2013 11/05/13 Pending -- -- --
03/09/2012 03/09/12 For Sale $575,000 -- $92 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $440,000 Ticor Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $150,000 Commercial
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23496600

Regional Multiple Listing Service (RMLS)

APN: 12476