NOT LISTED FOR SALE

1082 Broadway Ave Seaside, CA 93955

Seaside Area

Estimated Value: $1,608,484

3 Beds
2 Baths
4,358 Sq Ft
$369/Sq Ft Est. Value

Sale Details

Date Sold: June 17, 2024

Last sale price $1,583,500 $363 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $10,369 / mo

31 Days on Market

Highlights

  • 0.29 Acre Lot
  • Grass Covered Lot
  • Carpet
  • Level Lot

About This Home

As of June 2024

5 unit apartment complex consisting of individual living structures with a commercial building out front, currently a salon. Great opportunity for purchase and hold and wait for water for redevelopment. Two units were recently renovated, new projected annual rent is over $116,000. Property is located in the heart of Seaside's downtown area just across from the Post Office and less than a block from Fremont St. Three of the five residential tenants are month to month. A buyer should check with the City of Seaside to see what potential redevelopment options once the City is allocated water. Please drive by but do not pull into the parking lot. Parking is for tenants only. Do not disturb tenants. Also listed as ML81956678

Last Agent to Sell the Property

Monterey Peninsula Home Team

KW Coastal Estates License #70000352 Listed on: 03/07/2024

KW Coastal Estates

Last Buyer's Agent

Monterey Peninsula Home Team

KW Coastal Estates License #70000352 Listed on: 03/07/2024

KW Coastal Estates

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • 1948

Lot Details

  • 12,632 Sq Ft Lot
  • Level Lot
  • Grass Covered Lot

Home Design

  • 4,358 Sq Ft Home
  • Rolled or Hot Mop Roof
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Flooring

  • Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • No Garage
  • Covered Parking
  • On-Street Parking
  • Off-Street Parking

Utilities

  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $116,610
  • Month-to-Month Lease Term

Community Details

Overview

  • 4,358 Sq Ft Building

Building Details

  • 6 Leased Units
  • Insurance Expense $2,500
  • Maintenance Expense $3,000
  • Utility Expense $1,600
  • Trash Expense $2,500
  • Operating Expense $27,600
  • Gross Income $116,610

Property Details

Home Type

Multi-Family

Year Built

1948

Lot Details

0.29 Acres

Listing Details

  • Zoning: Comm
  • Subclass: Multiple Dwellings / Structures
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4358
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1948

Interior Features

  • Living Sq Ft: 4358
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Rolled Composition, Tar And Gravel
  • Yard/Grounds: Low Maintenance
  • Construction Type: Wood

Garage/Parking

  • Parking Spaces: 6
  • Garage Parking Features: Common Parking Area, No Garage, Off-Street Parking, On Street

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.2900
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 12632.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 12632.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 14.58
  • Number Of Leased: 6

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2500
  • Expense Maintenance: 3000
  • Expenses Total: 27600
  • Expenses Utility: 1600
  • Expense Trash: 2500
  • Income Annual Gross: 116610.00
  • Income Annual Rental: 116610
  • Income Gross Scheduled: 116610
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 6
  • Tenant Expenses: All Expenses

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2024
Closed on
Jun 11, 2024
Sold by
Colletto Exemption Trust and Colletto Angelica Christine
Bought by
Seller's Agent
Monterey Peninsula Home Team
KW Coastal Estates
Buyer's Agent
Monterey Peninsula Home Team
KW Coastal Estates
List Price
$1,699,999
Sold Price
$1,583,500
Premium/Discount to List
-$116,499
-6.85%
Views
34
Current Estimated Value
$1,608,484

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,984
Avg. Annual Appreciation
0.71%

Purchase Details

Closed on
Apr 8, 1999
Sold by
Colletto Angelina and Colletto Living Trust
Bought by
Colletto Angelina and Colletto Exemption Trust

Purchase Details

Closed on
Sep 19, 1988
Sold by
Colletto Michael S and Colletto Angie
Bought by
Colletto Michael S and Colletto Angelina
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,583,500 Chicago Title
Colletto Angelina -- --
Colletto Michael S -- --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/17/2024 06/17/24 Sold $1,583,500 -6.9% $363 / Sq Ft
04/08/2024 04/08/24 Pending -- -- --
03/07/2024 03/07/24 For Sale $1,699,999 -- $390 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $18,439 $1,647,473 $884,340 $763,133
2025 $13,237 $1,615,170 $867,000 $748,170
2024 $13,237 $1,583,500 $850,000 $733,500
2023 $1,550 $1,200,000 $500,000 $700,000
2022 $1,532 $101,763 $52,341 $49,422
2021 $1,514 $99,768 $51,315 $48,453
2020 $1,471 $98,746 $50,789 $47,957
2019 $1,520 $96,811 $49,794 $47,017
2018 $1,479 $94,914 $48,818 $46,096
2017 $1,398 $93,054 $47,861 $45,193
2016 $1,378 $91,230 $46,923 $44,307
2015 $1,363 $89,861 $46,219 $43,642
2014 $1,345 $88,102 $45,314 $42,788
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML81956688

MLSListings

APN: 012-182-009-000

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