Seller's Agent in 2021
James Kendall
Baird Partnership, Inc.
(831) 521-4657
2 in this area
22 Total Sales
620 Broadway Ave Seaside, CA 93955
4
Beds
4
Baths
6,506
Sq Ft
8,002
Sq Ft Lot
About This Home
As of July 2021This unique property offers the Purchaser an opportunity to own one of the few mixed-use buildings along Broadway Ave. in Seaside, CA. Property received significant exterior upgrades in 2019 including new paint, floor, staircase and deck sealant/water proofing, landscaping. Interior upgrades to ground floor common area restroom, new kitchen in Apt B; Apt D renovated throughout.Broadway Ave., a major retail corridor recently underwent an extensive refresh that included: reducing traffic from four lanes to two, expanding the sidewalks, and installing extensive landscaping in order to promote a pedestrian friendly, downtown commercial district resulting in millions of dollars of new private investment. Under the West Broadway Urban Village specific plan this section of Seaside is now the City's central commercial district. The subject property consists of two ground-floor commercial spaces, with four distinct second story apartments, each being one bedroom with one bath.
Last Agent to Sell the Property
Baird Partnership, Inc. License #02010395 Listed on: 01/08/2021
Property Details
Home Type
- Multi-Family
Year Built
- 1987
Lot Details
- 8,002
Parking
- 3 Car Garage
- 3 Carport Spaces
- Off-Street Parking
- Assigned Parking
Home Design
- Flat Roof Shape
- Slab Foundation
- Wood Frame Construction
Interior Spaces
- 6,506 Sq Ft Home
- 2-Story Property
- Security Lights
Additional Features
- 8,002 Sq Ft Lot
- Wall Furnace
Listing and Financial Details
- Total Actual Rent $122,400
- Month-to-Month Lease Term
- 3 Year Lease Term
Community Details
Overview
Building Details
- 5 Leased Units
- Insurance Expense $2,500
- Maintenance Expense $3,672
- Manager Expense $7,344
- Other Expense $1,245
- Utility Expense $4,700
- Operating Expense $43,401
- Gross Income $118,728
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 13, 2024
Sold by
Wang Sarah Y
Bought by
Wang Kyung Nam
Purchase Details
Listed on
Jan 8, 2021
Closed on
Jul 25, 2021
Sold by
Edwards Thomas G and The Edwards Family 1986 Trust
Bought by
Wang Kyung Nam and Wang Sarah Y
Seller's Agent
James Kendall
Baird Partnership, Inc.
Buyer's Agent
Mihyang Alwill
Willpower Realty, Inc
List Price
$2,100,000
Sold Price
$1,720,000
Premium/Discount to List
-$380,000
-18.1%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
2.93%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Wang Kyung Nam | -- | Wfg National Title | |
| Wang Kyung Nam | $1,720,000 | Old Republic Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Wang Kyung Nam | $700,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/30/2021 07/30/21 | Sold | $1,720,000 | -7.0% | $264 / Sq Ft |
| 05/05/2021 05/05/21 | Pending | -- | -- | -- |
| 04/01/2021 04/01/21 | Price Changed | $1,850,000 | -11.9% | $284 / Sq Ft |
| 01/08/2021 01/08/21 | For Sale | $2,100,000 | -- | $323 / Sq Ft |
Source: MLSListings
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2025 | $9,668 | $912,638 | $424,483 | $488,155 |
| 2024 | $9,668 | $894,744 | $416,160 | $478,584 |
| 2023 | $9,729 | $877,200 | $408,000 | $469,200 |
| 2022 | $9,597 | $860,000 | $400,000 | $460,000 |
| 2021 | $4,937 | $860,000 | $400,000 | $460,000 |
| 2020 | $4,757 | $424,757 | $100,924 | $323,833 |
| 2019 | $5,680 | $416,430 | $98,946 | $317,484 |
| 2018 | $4,793 | $408,265 | $97,006 | $311,259 |
| 2017 | $4,452 | $400,260 | $95,104 | $305,156 |
| 2016 | $4,375 | $392,413 | $93,240 | $299,173 |
| 2015 | $4,315 | $386,520 | $91,840 | $294,680 |
| 2014 | $4,243 | $378,949 | $90,041 | $288,908 |
Source: Public Records
Agents Affiliated with this Home
-
James Kendall
-
Mihyang Alwill
Buyer's Agent in 2021
Mihyang Alwill
Willpower Realty, Inc
(831) 236-0424
2 in this area
10 Total Sales
Map
Source: MLSListings
MLS Number: ML81825031
APN: 011-291-003-000
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