987 Harcourt Ave Seaside, CA 93955
Estimated payment $10,490/month
About This Home
Exceptional investment opportunity at $13,025/month in rent, this well-maintained fourplex delivers income performance comparable to a commercial asset while benefiting from the flexibility of residential financing and streamlined management. The property features two spacious 3-bedroom, 1.5-bath units, one unit currently configured as a 1-bedroom with approved plans to convert to a 2-bedroom, 2-bath (offering excellent value-add potential), and an additional 1-bedroom, 1-bath unit. Notably, two of the units were newly constructed in 2025, providing modern finishes and minimizing near-term maintenance needs. Each unit is equipped with in-unit laundry, enhancing tenant appeal and supporting strong retention. Recent capital improvements include a new electrical panel, upgraded main service, new water main, and a newly completed driveway with six off-street parking spaces.
Property Details
Home Type
- Multi-Family
Year Built
- 2025
Home Design
- Quadruplex
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 3,375 Sq Ft Home
- 1-Story Property
Parking
- 6 Parking Spaces
- 6 Carport Spaces
- Uncovered Parking
Utilities
- Separate Meters
- Individual Gas Meter
Listing and Financial Details
- Month-to-Month Lease Term
Community Details
Overview
- 3,375 Sq Ft Building
Building Details
- 4 Leased Units
- Gardener Expense $1,800
- Insurance Expense $1,626
- Maintenance Expense $800
- Utility Expense $6,769
- Operating Expense $17,702
- Gross Income $156,300
Map
Home Values in the Area
Average Home Value in this Area
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 | $6,140 | $586,676 | $378,850 | $207,826 |
| 2024 | $6,140 | $575,173 | $371,422 | $203,751 |
| 2023 | $6,156 | $563,896 | $364,140 | $199,756 |
| 2022 | $6,070 | $552,840 | $357,000 | $195,840 |
| 2021 | $2,139 | $542,000 | $350,000 | $192,000 |
| 2020 | $2,061 | $181,359 | $109,637 | $71,722 |
| 2019 | $2,156 | $177,804 | $107,488 | $70,316 |
| 2018 | $2,075 | $174,319 | $105,381 | $68,938 |
| 2017 | $1,929 | $170,902 | $103,315 | $67,587 |
| 2016 | $1,896 | $167,552 | $101,290 | $66,262 |
| 2015 | $2,754 | $165,036 | $99,769 | $65,267 |
| 2014 | $1,840 | $161,804 | $97,815 | $63,989 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/23/2026 04/23/26 | Price Changed | $1,895,000 | -5.0% | $561 / Sq Ft |
| 04/07/2026 04/07/26 | Price Changed | $1,995,000 | -16.9% | $591 / Sq Ft |
| 04/03/2026 04/03/26 | For Sale | $2,400,000 | -- | $711 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Listed On Document | |
| Grant Deed | -- | Wfg National Title | |
| Grant Deed | -- | None Listed On Document | |
| Grant Deed | -- | None Listed On Document | |
| Grant Deed | $542,000 | Old Republic Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | -- | Stewart Title | |
| Grant Deed | -- | Stewart Title | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $433,000 | New Conventional |
Source: MLSListings
MLS Number: ML82041454
APN: 012-361-024-000
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