1603 Electric Avenue, Seal Beach, CA 90740 (MLS # OC18114954)

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PRICE $2,399,000
BEDS 0
BATHS 0 bath
HOME SIZE 1,809 sq ft
LOT SIZE 3,048 sqft

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.

DAYS ON MARKET 66 LAST UPDATED 5/19/2018
TRACT Old Town (OLDT) YEAR BUILT 1940
COMMUNITY 1A - Seal Beach COUNTY Orange
STATUS Active PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR None
APPLIANCES Dishwasher, Electric Oven, Garbage Disposal, Gas Stove, Microwave, Refrigerator, Water Heater Central
AREA 1A - Seal Beach
BASEMENT Foundation: Raised
CONSTRUCTION Stucco
HEAT Electric
HOA DUES 0.00
INTERIOR Ceiling Fan, Granite Counters, Recessed Lighting, Stone Counters, Tile Counters
LOT 3049 sq ft
LOT DESCRIPTION Level with Street, Park Nearby, Sprinkler System, Walkstreet
MASTER ON MAIN Yes
POOL DESCRIPTION None
STORIES 2
STYLE Bungalow
SUBDIVISION Old Town (OLDT)
UTILITIES Sewer Available,Water Connected
VIEW Yes
VIEW DESCRIPTION City Lights,Neighborhood,Park Or Green Belt,Peek-A-Boo
WATER Public
WATERFRONT DESCRIPTION Ocean Side Of Highway 1

SATELLITE VIEW



 
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Listing provided by : Dean Lueck CalBRE:01752859, First Team Estates

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