$1,390,000
SOLD OCT 27, 2025

640 Francis Ave Seaside, CA 93955

8 Beds
4 Baths
3,516 Sq Ft
8,002 Sq Ft Lot

Recently Sold

$395 Per Sq Ft

7% Below List Price

1 Day on Market

About This Home

As of October 2025

Mahoney & Associates is pleased to present 640 Francis Ave, a 4-unit apartment investment in the heart of Seaside, California. The property is located between Fremont Blvd and Canyon Del Rey Blvd, in Seaside. The building consists of four (4) two-bedroom, one-bath units, leased. The ground floor, formerly a dental lab, was converted into two residential units in 2009. With its strong rental demand, desirable location, and upside potential, 640 Francis Ave represents a rare opportunity to acquire a multi-unit property in a tight Peninsula market.

Last Agent to Sell the Property

Peter Baird

Baird Partnership, Inc. License #00533485 Listed on: 09/24/2025

Co-Listed By

David Baird

Baird Partnership, Inc. License #02282077

Last Buyer's Agent

Fadi Doidri

Coldwell Banker Realty License #02052610

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1985

Lot Details

  • 8,002 Sq Ft Lot

Home Design

  • Quadruplex

Interior Spaces

  • 3,516 Sq Ft Home
  • 2-Story Property

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Off-Street Parking

Listing and Financial Details

  • Total Actual Rent $89,340

Community Details

Overview

Building Details

  • 3 Leased Units
  • Gardener Expense $2,690
  • Insurance Expense $3,571
  • Maintenance Expense $3,000
  • Manager Expense $6,420
  • Other Expense $3,552
  • Utility Expense $1,200
  • Trash Expense $2,044
  • Operating Expense $38,294
  • Gross Income $86,660

Property Details

Home Type

Multi-Family

Year Built

1985

Lot Details

0

Listing Details

  • Zoning: RS-12
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3516
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1985

Interior Features

  • Living Sq Ft: 3516
  • Stories: 2

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Carport, Common Parking Area, Off-Street Parking
  • Carport Min: 4

Utilities

  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1837
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8000.00

Rental Info

  • Existing Lease Term(s): Lease(s)
  • Gross Rent Multiplier: 16.73
  • Number Of Leased: 3

Multi Family

  • Expense Insurance: 3571
  • Expense Landscape: 2690
  • Expense Maintenance: 3000
  • Expense Management: 6420
  • Expenses Other: 3552
  • Expenses Total: 38294
  • Expenses Utility: 1200
  • Expense Trash: 2044
  • Income Annual Gross: 86660.00
  • Income Annual Rental: 89340
  • Income Gross Scheduled: 89340
  • Income Includes: Lease
  • Number Of Buildings: 1
  • Operating Expenses Include: Maintenance, Miscellaneous/Other, Services - Trash Removal, Utilities - Electric, Utilities - Gas
  • Tenant Expenses: Utilities - Water
  • Vacancy Factor: 3

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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 List to Sale Price per Sq Ft
10/27/2025 10/27/25 Sold $1,390,000 -7.0% $395 / Sq Ft
09/26/2025 09/26/25 Pending -- -- --
09/24/2025 09/24/25 For Sale $1,495,000 -- $425 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Peter Baird

    Seller's Agent in 2025

    Peter Baird

    Baird Partnership, Inc.

    (831) 275-0000

    1 in this area

    16 Total Sales

    Peter Baird
    Section Image
  • David Baird

    Seller Co-Listing Agent in 2025

    David Baird

    Baird Partnership, Inc.

    (805) 305-0966

    1 in this area

    1 Total Sale

    David Baird
    Section Image
  • Fadi Doidri

    Buyer's Agent in 2025

    Fadi Doidri

    Coldwell Banker Realty

    (831) 917-5646

    3 in this area

    5 Total Sales

    Fadi Doidri
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML82022719

MLSListings

APN: 011-363-004

California Monterey County Seaside 93955

640 Francis Ave, Seaside, CA

Sold

MultiFamily

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