NOT LISTED FOR SALE

510 Hilby Ave Seaside, CA 93955

10 Beds
4 Baths
4,000 Sq Ft
7,000 Sq Ft Lot

Last Sold February 09, 2021

Last sale price $1,500,000 $375 Per Sq Ft

14 Days on Market

Highlights

  • Ocean View
  • Contemporary Architecture
  • Granite Countertops
  • Monterey High School Rated A
  • Vaulted Ceiling
  • 3-minute walk to Laguna Grande Regional Park

About This Home

As of February 2021

Well maintained 4 unit complex consisting of two 3/1 and two 2/1 units each with interior storage. Located near park, shopping, public transportation and blocks to the ocean. Refurbished in 2010 with new roof, windows, appliances, fixtures, granite counters, flooring, tankless water heaters, landscape. Offers off street parking.

Last Agent to Sell the Property

Kathleen Hendricks

Sotheby’s International Realty License #01378614 Listed on: 12/07/2020

Last Buyer's Agent

Bill Carmichael

Big Block Realty, Inc License #01318353

Big Block Realty, Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • 1985

Lot Details

  • 7,000 Sq Ft Lot
  • Fenced
  • Mostly Level
  • Drought Tolerant Landscaping
  • Back Yard

Property Views

  • Ocean
  • Bay
  • City

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,000 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Double Pane Windows

Kitchen

  • Electric Oven
  • Self-Cleaning Oven
  • Microwave
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Parking

  • 5 Parking Spaces
  • 2 Carport Spaces
  • No Garage
  • Uncovered Parking
  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • Shed

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • Separate Meters
  • Individual Gas Meter
  • Tankless Water Heater

Listing and Financial Details

  • Total Actual Rent $96,000

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Insurance Expense $2,580
  • Maintenance Expense $3,000
  • Utility Expense $4,800
  • Trash Expense $1,100
  • Operating Expense $30,680
  • Gross Income $97,800

Property Details

Home Type

Multi-Family

Year Built

1985

Lot Details

0

Listing Details

  • Zoning: RS12
  • Subclass: Fourplex
  • Style: Contemporary
  • Age: 35
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4000
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1985

Interior Features

  • Kitchen: Countertop - Granite, Exhaust Fan, Microwave, Oven - Self Cleaning, Oven Range - Electric, Refrigerator
  • Living Sq Ft: 4000
  • Stories: 2
  • Laundry: Coin Operated
  • Flooring: Carpet, Tile

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • View: Bay, City, Ocean
  • Yard/Grounds: Back Yard, Drought Tolerant Plants, Fenced, Storage Shed / Structure
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 5
  • Garage Parking Features: Assigned Spaces, Carport, No Garage, Off-Street Parking, Uncovered Parking
  • Carport Min: 2

Utilities

  • Heating System: Forced Air
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Vaulted Ceiling

Schools

  • School District: Monterey Peninsula Unified

Lot Info

  • Lot Description: Grade - Mostly Level
  • Lot Acres: 0.1607
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7000.00

Green Features

  • Energy Features: Double Pane Windows, Tankless Water Heater

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr, Month To Month
  • Gross Rent Multiplier: 16.36
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 2580
  • Expense Maintenance: 3000
  • Expenses Total: 30680
  • Expenses Utility: 4800
  • Expense Trash: 1100
  • Income Annual Gross: 97800.00
  • Income Annual Rental: 96000
  • Income Gross Scheduled: 97800
  • Income Includes: Laundry, Rents
  • Income Other: 1800
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Maintenance - Laundry, Maintenance - Repair, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Water

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/09/2021 02/09/21 Sold $1,500,000 -6.3% $375 / Sq Ft
12/22/2020 12/22/20 Pending -- -- --
12/07/2020 12/07/20 For Sale $1,600,000 -- $400 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81822580

MLSListings