Residential Income Details
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.
|Number of Units||3|
|Listing Brokerage||First Team Estates|
|Listing Agent||Dean Lueck|
|Listing Agent BRE #||01752859|
|Features||Ceiling Fan,Granite Counters,Recessed Lighting,Stone Counters|
|Appliances||Dishwasher,Garbage Disposal,Gas Stove,Microwave,Refrigerator,Water Heater Central|
|Parking||Garage - Single Door|
|View||Courtyard,Neighborhood,Park Or Green Belt|
Based on information from California Regional Multiple Listing Service, Inc. as of Thursday, August 30, 2018.
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