1603 Electric Avenue

  • Seal Beach

  • $2,399,000
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Residential Income Details

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.
Essential
MLS #OC18114954
Price$2,399,000
Number of Units4
Sale TypeStandard
StatusActive
Listing BrokerageFirst Team Estates
Listing AgentDean Lueck
Listing Agent BRE #01752859
Interior
FeaturesCeiling Fan,Granite Counters,Recessed Lighting,Stone Counters,Tile Counters
FloorLaminate,Wood
AppliancesDishwasher,Electric Oven,Garbage Disposal,Gas Stove,Microwave,Refrigerator,Water Heater Central
CoolingNone
HeatingElectric
FireplaceNone
Exterior
Garage Spaces2
ViewCity Lights,Neighborhood,Park Or Green Belt,Peek-A-Boo
PoolNone
SpaNone
RoofingComposition
Community
Area1A - Seal Beach
TractOld Town (OLDT)
CommunityCurbs,Gutters,Sidewalks,Street Lighting
Address1603 Electric Avenue
CitySeal Beach
CountyOrange
StateCA
ZipCode90740
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Thursday, August 30, 2018. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.