509 Electric Avenue

    Seal Beach, CA 90740
    • $1,415,000
    • STATUS: Active
    • ON SITE: 169 days
    • ID#: PW19095989
    UPDATED: 57 min ago
    $1,415,000
    • 0
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,300
      SQFT
    • $1,088
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1980
    County:

    School Ratings & Info

    Description

    One of the sweetest small residential income properties in Old Town, Seal Beach on the desirable northwest side of town. Each cottage faces a lovely park with gorgeous old shade trees. Two have a fireplace. Family owned for about 30 years. One cottage has a private patio garden area and the other two have a generous green yard. Over the years some upgrades were done and the owner has completed upgrading all three homes. One block to Pacific Coast Highway, two blocks to the Pacific Ocean, the Old Town pier and Main Street. Seal Beach offers the best of all possibilities: Less than 2 miles to the I-405/605/22 Interchange; Blue-ribbon schools; Old Town village walking atmosphere; a warm, family town; 1-mile stretch of the City's own beautiful beach; Smallest supply of rentals in an OC town and the biggest demand; Most of Old Town consists of custom property homeowners; The best annual car show, Christmas & Easter parades; Music in the park at the beach all summer. And the best value offered in town! Owner has renewed the listing with major reconsideration. You will love the tenants. See the video: https://www.youtube.com/watch?v=JxruqY2cNno&feature=share

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-13T18:32:22.56. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/94121475

    509 Electric Avenue Seal Beach, CA 90740

    • Price: $1,415,000
    • Status: Active
    • Updated: 57 min ago
    • ID#: PW19095989
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    1,300
    SQFT
    $1,088
    $/SQFT
    1980
    Built
    Neighborhood:
    Old Town (Oldt)
    County:
    Orange
    Area:
    1A - Seal Beach
    Property Description
    One of the sweetest small residential income properties in Old Town, Seal Beach on the desirable northwest side of town. Each cottage faces a lovely park with gorgeous old shade trees. Two have a fireplace. Family owned for about 30 years. One cottage has a private patio garden area and the other two have a generous green yard. Over the years some upgrades were done and the owner has completed upgrading all three homes. One block to Pacific Coast Highway, two blocks to the Pacific Ocean, the Old Town pier and Main Street. Seal Beach offers the best of all possibilities: Less than 2 miles to the I-405/605/22 Interchange; Blue-ribbon schools; Old Town village walking atmosphere; a warm, family town; 1-mile stretch of the City's own beautiful beach; Smallest supply of rentals in an OC town and the biggest demand; Most of Old Town consists of custom property homeowners; The best annual car show, Christmas & Easter parades; Music in the park at the beach all summer. And the best value offered in town! Owner has renewed the listing with major reconsideration. You will love the tenants. See the video: https://www.youtube.com/watch?v=JxruqY2cNno&feature=share
    Exterior Features

    Architectural Style Craftsman Construction Materials Drywall WallsFrame Direction Faces Northeast Entry Level 1 Entry Location 1 Exterior Features Tv Antenna Fence YN Yes Fencing BlockGood ConditionWood Foundation Details Raised Garage Spaces 0.00 Lot Features GardenGreenbeltLandscapedLawnLevel With StreetNear Public TransitPark NearbySprinkler SystemYard Lot Size Dimensions 4088 Lot Size Source Assessor Lot Size Units Square Feet Other Structures Shed(S) Parking Features None Parking Total 0.00 Parking YN No Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type AlleyCity Street Road Surface Type Alley PavedMaintainedPaved Roof Composition Spa Features None Spa YN No View Park/GreenbeltTrees/Woods View YN Yes Waterfront Features Ocean Side Of Highway 1

    Interior Features

    Appliances Free-Standing RangeGas RangeGas Water HeaterRefrigeratorWater Heater Appliances YN Yes Average Studio Area 0 Average Studio Area Units Square Feet Average1 Bed Area 420 Average1 Bed Area Units Square Feet Average2 Bed Area 0 Average2 Bed Area Units Square Feet Average3 Bed Area 0 Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling Wall/Window Unit(S) Cooling YN Yes Door Features French Doors Fireplace Features Electric Fireplace YN Yes Flooring TileWood Heating Wall FurnaceElectricFireplace(S) Heating YN Yes Interior Features Tile CountersUnfurnished Laundry Features Gas & Electric Dryer HookupInsideStackable Levels One Room Type All Bedrooms DownKitchenLaundry Window Features ScreensWood Frames

    Property Features

    Accessibility Features See Remarks Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features BikingCurbsParkWatersportsSidewalksStreet Lights Country Us Electric Electricity - On PropertyStandard Electric Expense 1500.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 960.00 Gross Equity 1475000 Gross Income 69600.00 Gross Scheduled Income 69600.00 Have Three Cottages By The Sea Inclusions Owner Has 1 Wall Furnace3 Stoves2 Refrigerators1 Plus A Wall A/C Unit. Two Units Heated By A Fireplace. Insurance Expense 2544.00 Land Lease YN No Laundry YN Yes Lot Dimensions Source Public Records Net Operating Income 60192.00 New Construction YN No New Taxes Expense 17000.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 3 Number Of Units Leased 2 Number Wall AC 1 Number With Carpet 0 Number With Dishwasher 0 Number With Disposal 3 Number With Drapes 0 Number With Patio 1 Number With Range 3 Number With Refrigerator 2 Operating Expense 9408.00 Present Loans 0 Professional Management Expense 2124.00 Property Condition Updated/Remodeled Property Sub Type Triplex Rent Control YN No Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Old Town (Oldt) Tenant Pays Cable TvElectricityGasTrash CollectionWater Total Actual Rent 5800.00 Total Expenses 24128.00 Trash Expense 0.00 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedUnderground UtilitiesWater Connected Water Sewer Expense 0.00 Water Source Public Year Built Source See Remarks Zoning Rhd20

    Listing provided courtesy of Cynthia Metzger of Seaquest Ventures Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-13T18:32:22.56. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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