$1,599,000 1605 Electric Avenue Seal Beach, CA

MLS: OC18113788   Type: Income   County: Orange   City: Seal Beach   Neighborhood: Old Town   Zip: 90740   Style: Bungalow     Stories: 1

Mortgage $7,507 /mo



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No expense spared on this fully remodeled, 3 unit adorable beach complex just a few blocks from the crashing waves in Old Town Seal Beach. Great location and opportunity for investors seeking a strong and consistent ROI without the headaches associated with managing older units. This 3 unit complex is to be sold with the adjacent 4 units concurrently (1603 Electric Ave, see MLS ID#OC18114954). These are (2) individual parcels separated by a common courtyard, laundry and 4 garages (2 garages for each parcel). The current owner recently took all units down to the studs and painstakingly renovated the entire complex while keeping the charming feel of the original beach bungalows. Recent renovations included electrical, plumbing, roof, heating system, drywall, insulation, windows, doors and landscape. Completely remodeled kitchens with new appliances, quartz countertops, cabinets, sinks and fixtures. All new bathrooms, toilets, vanities, cabinets, fixtures and tile work. High quality gray laminate flooring throughout plus new paint, light fixtures, garage doors and shared laundry room. Nothing like them in Seal Beach and Units are fully occupied! All financial information in this package represents current leases in place and historical expenses. Financial information and list price in this listing is for 1605 Electric Ave. only. These units may be financed separately to take advantage of multi-family interest rates but the owner desires to sell both parcels at the same time.

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Price History

5/17/2018 Listed $1,599,000

Accessibility No Interior Steps
Attached Structure Attached
Community Features Curbs, Sidewalks, Street Lighting
Directions Cross Streets: Seal Beach Blvd & Electric Ave
HOA Fee 0.00
Levels One
Listing Agent Dean Lueck - BRE#01752859
Listing Agent State License 01752859
MLS Area 1A - Seal Beach
Number of Units Leased 3
Price Per Square Foot 1249.22
Property Attached Y/N Yes
Security Features Carbon Monoxide Detector(s), Smoke Detector
Senior Community Y/N No
Spa Features None
Special Listing Conditions Standard
Subdivision Old Town (OLDT)
Subdivision Name Old Town (OLDT)
Total Units 3

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Air Conditioning Y/N No
Appliances Dishwasher, Garbage Disposal, Gas Stove, Microwave, Refrigerator, Water Heater Central
Appliances Y/N Yes
Common Walls 2+ Common Walls
Cooling None
Dishwasher Count 3
Fireplace Features None
Fireplace Y/N No
Flooring Laminate, Wood
Heating Electric
Heating Y/N Yes
Interior Features Ceiling Fan, Granite Counters, Recessed Lighting, Stone Counters
Laundry Features Area, Community, Individual Room
Laundry Y/N Yes
Range Count 3
Refrigerator Count 3
Room Type All Bedrooms Down, Family Room, Main Floor Bedroom, Main Floor Master Bedroom
Studio Area Unit Type Square Feet
Total Stories 1
Utilities Natural Gas Available, Sewer Available, Water Connected
Window Features Double Pane Windows

Exterior Features

Architectural Style Bungalow
Building Area Total 1280.00
Construction Materials Stucco
Facing Direction Southwest
Foundation Details Raised
Garage Spaces 2.00
Land Lease Y/N No
Lot Features Greenbelt, Landscaped, Level with Street, Park Nearby, Sprinkler System
Lot Size Source Assessor
Lot Size Square Feet 3049.00
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 1
Number of Separate Gas Meters 1
Number of Separate Water Meters 1
Parking Features Garage - Single Door
Parking Y/N Yes
Patio Count 1
Pool Features None
Private Pool Y/N No
Road Frontage Type City Street
Road Surface Type Paved
Roof Composition
Sewer Public Sewer
Spa No
Total Parking 2.00
View Courtyard, Neighborhood, Park Or Green Belt
Water Source Public
Waterfront Features Ocean Side Of Highway 1

Property Schools

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Property vs Zip Code Avg (90740)

Price 1.59M Avg 2.35M

Sqr Feet 1,280 Avg 1,906

Cost / Sqr Ft $1,249 Avg $1,237

Acres 0.069995 Avg 0.09

Visits 283 Avg 193

Days on Site 134 Avg 88

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Listing Provided Courtesy Of: Dean Lueck with First Team Estates.

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Location & Address

Liz Peters
2973 Harbor Blvd. #532
Costa Mesa, CA

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