1082 Broadway Avenue

Seaside, CA 93955

$1,699,999
Price
Beds
4,358 Sq. Ft.
$390 / Sq. Ft.
4,358
Sq. Ft.
$390
per Sq. Ft.

Description

5 unit apartment complex consisting of individual living structures with a commercial building out front, currently a salon. Great opportunity for purchase and hold and wait for water for redevelopment. Two units were recently renovated, new projected annual rent is over $116,000. Property is located in the heart of Seaside's downtown area just across from the Post Office and less than a block from Fremont St. Three of the five residential tenants are month to month. A buyer should check with the...5 unit apartment complex consisting of individual living structures with a commercial building out front, currently a salon. Great opportunity for purchase and hold and wait for water for redevelopment. Two units were recently renovated, new projected annual rent is over $116,000. Property is located in the heart of Seaside's downtown area just across from the Post Office and less than a block from Fremont St. Three of the five residential tenants are month to month. A buyer should check with the City of Seaside to see what potential redevelopment options once the City is allocated water. Please drive by but do not pull into the parking lot. Parking is for tenants only. Do not disturb tenants. Also listed as ML81956678
  1. Listed by Monterey Peninsula Home Team • DRE #70000352 • Brokerage DRE #01527814 • KW Coastal Estates • 831-594-3290

Property Details for 1082 Broadway Avenue

MLS City Name
SEASIDE
Building Type
OTHER
Garage Spaces
0
Parking Spaces
6
Cross Street
Fremont Blvd

Location

Listing Courtesy of KW Coastal Estates, Monterey Peninsula Home Team, DRE #70000352
Add your commute
LISTING UPDATED: 04/09/2024 01:58 PM

Property Details for 1082 Broadway Avenue

StatusContingent
MLS #ML81956688
Days on Compass52
Taxes$18,000 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeOther
MLS TypeRESIDENTIAL INCOME / OTHER
Year Built1948
Lot Size0.29 AC / 12,632 SF
CountyMonterey County

Location

Listing Courtesy of KW Coastal Estates, Monterey Peninsula Home Team, DRE #70000352
Add your commute

Building Information for 1082 Broadway Avenue

Stories-Residences-Year Built1948Lot Size0.29 AC / 12,632 SF

Payment Calculator

$10,778 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,278

Property Taxes

$1,500

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1082 Broadway Avenue

Features
External Links
Features
  • Communications: Cable TV, Satellite Dish
  • Fireplace: No
  • Flooring: Carpet, Vinyl / Linoleum
  • Living SqFt: 4358
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace, Other
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Private / Mutual
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Common Parking Area, No Garage, Off-Street Parking, On Street
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Lower Broadway
  • Roof: Rolled Composition, Tar and Gravel
  • Subclass: Multiple Dwellings / Structures
  • Year Built Source: Assessor
  • Street Number: 1082
  • Street Name: Broadway
  • Street Suffix: Avenue
  • Area ID: 103
Lot / Property Details
Building Information
  • Number of Buildings: 6
  • Structure SqFt: 4358
  • Structure SqFt Source: Assessor
  • Age: 76
Development Information
  • Construction Type: Wood
  • Ownership Type: Trust
  • Zoning Detail: Comm
Location Information
  • City Limits: Yes
  • Incorporated: No
  • Parcel Number: 012-182-009-00
  • County Name: Monterey
  • City Name: SEASIDE
  • City Postal ID: 5392
  • Postal Code: 93955
  • Elementary School District: 438
  • High School District Text: Monterey Peninsula Unified
Lot Information
  • Foundation: Concrete Perimeter and Slab
  • Horse Property: No
  • Lot Acres: .29
  • Lot Description: Grade - Level
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
  • Yard Grounds: Low Maintenance
Mobile / Manufactured Information
Other Information
  • Dual Variable: Yes
Multi Family Information
Building Information
  • No Of Leased: 6
General Information
  • Annual Tax Amount: $18,000
  • Capitalization Rate: 5.24
  • Tenant Expenses: All Expenses
  • Income Includes: Rents
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $2,500
  • Expense Landscape: $0
  • Expense Maintenance: $3,000
  • Expense Management: $0
  • Expense Trash: $2,500
  • Expenses Other: $0
  • Expenses Utility: $1,600
  • Expenses Total: $27,600
  • Operating Expenses Include: Other
  • Gross Rent Multiplier: 14.58
  • Income Annual Gross: $116,610
  • Income Annual Rental: $116,610
  • Income Gross Scheduled: $116,610
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $2,400
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $1,100
Unit 3 Information
  • Unit 3 Rent: $1,050

Property History for 1082 Broadway Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1082 Broadway Avenue

Taxable ValueLand$53,387Additions$50,410Total$103,797
Tax Record2023$1,550 ($129 / month)
Home Facts
Baths7.5Total Finished SqFt420 SqFtAbove Grade Finished SqFt420 SqFtStories1Lot Size12,960 SqFtStyleOffice BuildingYear Built1948CountyMONTEREYAPN012-182-009-000Fireplace TypeHas Fireplace

Schools near 1082 Broadway Avenue

This home is within Monterey Peninsula Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Martin Luther King School
PublicK to 6

Seaside Middle School
Public6 to 8

Seaside High School
Public9 to 12

International School Of Monterey
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Coastal Estates, Monterey Peninsula Home Team, DRE #70000352

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.