16031605 Electric Avenue

  • Seal Beach

  • $3,998,000

Residential Income Details

No expense spared on this fully remodeled, 7 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. These are (2) individual parcels (APN #19906425 and #19906424 - address is 1603 and 1605 Electric Ave) separated by a common courtyard, laundry and 4 garages (2 garages for each parcel). The 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 listing represents current leases in place and historical expenses. Financial information and list price is for both units. Individual parcel and financial information can be viewed at MLS #OC18114954 and OC18113788 where listed separately. These units may be financed separately to take advantage of multi-family interest rates. Turn key and Fully leased!
MLS #OC18153748
Number of Units7
Sale TypeStandard
Listing BrokerageFirst Team Estates
Listing AgentDean Lueck
Listing Agent BRE #01752859
FeaturesCeiling Fan,Granite Counters,Recessed Lighting,Stone Counters
AppliancesDishwasher,Electric Oven,Gas Range,Microwave,Refrigerator,Water Heater Central
HeatingWall Heater,Electric
Garage Spaces4
ViewCity Lights,Neighborhood,Park Or Green Belt,Peek-A-Boo
Area1A - Seal Beach
TractOld Town (OLDT)
CommunityCurbs,Gutters,Sidewalks,Street Lighting
Address16031605 Electric Avenue
CitySeal Beach


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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.