987 Harcourt Avenue, Seaside, California 93955, Seaside, 93955 - 0 bed, 0 bath
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Seaside, California 93955
Analysis of 987 Harcourt Avenue, Seaside, California 93955 is currently available with a list price of $1,995,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Seaside Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
This property features two units newly constructed in 2025 and significant infrastructure upgrades to the existing units. The interiors showcase high-end modern finishes, including waterfall marble-style countertops, premium stainless steel appliances, contemporary cabinetry, and designer bathrooms with backlit mirrors and gold hardware. With brand-new electrical, plumbing, and flooring throughout, the property meets the highest current quality standards with no deferred maintenance.
The property generates a substantial $13,025 monthly rental income, delivering commercial-level performance while qualifying for more flexible residential financing options.
With two units newly constructed in 2025 and significant upgrades to the electrical panel, water main, and driveway, the asset offers low near-term maintenance requirements.
The property includes approved plans to convert a one-bedroom unit into a two-bedroom, two-bathroom configuration, providing an immediate opportunity to increase equity and rental yield.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3375, other record living area = 874.
The two spacious three-bedroom units only feature 1.5 bathrooms, which may be less competitive for families compared to units with two full bathrooms.
A significant price reduction from the original $2.4M listing suggests the property was initially overvalued for the Seaside market, potentially impacting perceived value.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,375 | 3,266 | 67% |
| Lot Size | 7,078 | 7,500 | 33% |
| Price | $2.00M | $1.40M | 67% |
| Price per sq ft | $591 | $505 | 67% |
| Built year | 2025 | 1963 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 174 | 33% |
Apr 9, 2026
$1,995,000
$2,400,000
-17% Price Drop
Initial Listing
Apr 3, 2026
$2,400,000
Initial Listing
Mar 31, 2021
$542,000
Public Record