Views - Master on Main
Address
1603 Electric Avenue Seal Beach, CA
Price
$ 2,399,000
Property Attributes
  • MLS#OC18114954
  • TypeIncome
  • CountyORANGE
  • CitySeal Beach
  • AreaSeal Beach
  • NeighborhoodOld Town
  • Zip90740
  • StyleBungalow
  • Price$ 2,399,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1809
  • Lot Size3,049 SqFt
Listing Provided Courtesy Of:
Dean Lueck with First Team Estates.
Property Description

No expense spared on this fully remodeled, 4 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 4 unit complex is to be sold with the adjacent 3 units concurrently to same or different Buyer (1605 Electric Ave, see MLS ID#OC18113788). These are (2) individual parcels are 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 counter tops, 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 1603 Electric Ave only. These units may be financed separately to take advantage of multi-family interest rates.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
5/17/2018 Listed $2,399,000

General Features

Accessibility None
Attached Structure Attached
Community Features Curbs, Gutters, Sidewalks, Street Lighting
Directions Cross Streets: Seal Beach Blvd & Electric Ave
HOA Fee 0.00
Levels Two
Listing Agent Dean Lueck - BRE#01752859
Listing Agent State License 01752859
MLS Area 1A - Seal Beach
Number of Units Leased 4
Price Per Square Foot 1326.15
Property Attached Y/N Yes
Security Features Carbon Monoxide Detector(s), Smoke Detector
Spa Features None
Special Listing Conditions Standard
Subdivision Old Town (OLDT)
Subdivision Name Old Town (OLDT)
Total Units 4

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Appliances Dishwasher, Electric Oven, 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
Flooring Laminate, Wood
Heating Electric
Heating Y/N Yes
Interior Features Ceiling Fan, Granite Counters, Recessed Lighting, Stone Counters, Tile Counters
Laundry Features Area, Community, Individual Room
Laundry Y/N Yes
Range Count 3
Refrigerator Count 3
Room Type Main Floor Bedroom, Main Floor Master Bedroom, Walk-In Closet
Studio Area Unit Type Square Feet
Total Stories 2
Utilities Sewer Available, Water Connected
Window Features Double Pane Windows

Exterior Features

Architectural Style Bungalow
Building Area Total 1809.00
Construction Materials Stucco
Facing Direction Southwest
Foundation Details Raised
Garage Spaces 2.00
Lot Features Level with Street, Park Nearby, Sprinkler System, Walkstreet
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
Patio Count 1
Pool Features None
Road Frontage Type City Street
Road Surface Type Paved
Roof Composition
Total Parking 2.00
View City Lights, Neighborhood, Park Or Green Belt, Peek-A-Boo
Water Source Public
Waterfront Features Ocean Side Of Highway 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90740

Price
AVG $2.16M
$2.4M
Visits
AVG 162
258
Year Built
AVG 1942
1940

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