$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

8,002 Sq Ft Lot

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
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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

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 $12,428 $1,174,296 $394,046 $780,250
2024 $12,428 $1,151,271 $386,320 $764,951
2023 $12,486 $1,128,698 $378,746 $749,952
2022 $12,315 $1,106,568 $371,320 $735,248
2021 $12,138 $1,084,872 $364,040 $720,832
2020 $11,685 $1,073,749 $360,308 $713,441
2019 $12,254 $1,052,696 $353,244 $699,452
2018 $11,770 $1,032,056 $346,318 $685,738
2017 $10,911 $1,011,821 $339,528 $672,293
2016 $10,718 $991,982 $332,871 $659,111
2015 $10,567 $977,082 $327,871 $649,211
2014 $10,388 $957,943 $321,449 $636,494
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML82022719

MLSListings

APN: 011-363-004

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