509 Electric Avenue

    Seal Beach, CA 90740
    • $1,575,000
    • STATUS: Active
    • ON SITE: 73 days
    • ID#: PW18213358
    UPDATED: 60 min ago
    $1,575,000
    • 0
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,300
      SQFT
    • $1,212
      $/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 just 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 with an exciting new price! 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 2018-11-12T23:28:55.467. 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. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/87099683

    509 Electric Avenue Seal Beach, CA 90740

    • Price: $1,575,000
    • Status: Active
    • Updated: 60 min ago
    • ID#: PW18213358
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    1,300
    SQFT
    $1,212
    $/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 just 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 with an exciting new price! See the video: https://www.youtube.com/watch?v=JxruqY2cNno&feature=share
    Exterior Features

    Architectural Style CottageCraftsman Carport Spaces 0.00 Construction Materials Drywall WallsFrameWood Siding Direction Faces Northwest Entry Level 1 Entry Location 1 Fence YN Yes Fencing Wood Garage Spaces 0.00 Lot Features Corner LotGardenLandscapedLevel With StreetNear Public TransitPark NearbyWalkstreetYard Lot Size Source Assessor Lot Size Units Square Feet Other Structures Shed(S)Workshop Parking Features Street Parking Total 0.00 Parking YN No Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Composition Spa Features None Spa YN No View Park Or Green Belt View YN Yes Waterfront Features Ocean Side Of Highway 1

    Interior Features

    Appliances DishwasherGas StoveRefrigerator Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area 425 Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling See Remarks Cooling YN Yes Fireplace Features Family RoomGas Fireplace YN Yes Flooring CarpetWood Heating Wall HeaterFireplace Heating YN Yes Laundry Features Stackable Levels One Room Type All Bedrooms DownWorkshop

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Builder Model Unk Builder Name Unk Building Area Units Square Feet Community Features Sidewalks Country Us Electric Electricity - On Property Electric Expense 1500.00 Elevation Units Feet Fuel Expense 0.00 Garage Income 0.00 Garage Rental Rate 0.00 Gardener Expense 720.00 Gross Income 69600.00 Gross Scheduled Income 69600.00 Have Three Cottage Units 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 Net Operating Income 60192.00 New Construction YN No New Taxes Expense 18000.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 0 Operating Expense 9408.00 Professional Management Expense 2124.00 Property Sub Type Triplex Rent Control YN No Security Features Carbon Monoxide Detector(S)Smoke Detector Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Old Town (Oldt) Tenant Pays Cable TvElectricityGas Total Actual Rent 5700.00 Total Expenses 27888.00 Trash Expense 0.00 Utilities Cable AvailableElectricity ConnectedPhone ConnectedSewer ConnectedWater Connected Water Sewer Expense 0.00 Water Source Public Zoning Rhd20

    Listing provided courtesy of Cynthia Metzger of Seaquest Ventures Realty.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-12T23:28:55.467. 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. Licensed in the State of California, USA.
     
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