NOT LISTED FOR SALE

1103 Ocean Ave Seal Beach, CA 90740

5 Beds
5 Baths
3,942 Sq Ft
5,663 Sq Ft Lot

Last Sold May 13, 2021

Last sale price $2,583,750 $655 Per Sq Ft

7 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • 3-minute walk to Seal Beach Pier Playground
  • J. H. Mcgaugh Elementary School Rated A
  • Landscaped

About This Home

As of May 2021

1101 - 1103 Ocean Avenue is a 6-unit multifamily investment property located in Seal Beach, a premier coastal rental market in Orange County. Built in 1947 and 1965, the property sits on a spacious double lot and consists of 4, 1 bed/1 bath units, 1, 2 bed/1.5 bath townhome unit, and 1, 2 bed/2 bath unit with an office. 1101 - 1103 Ocean Avenue offers amenities including uncovered, carport, and garage parking, patios, and on-site laundry. Current ownership has recently partially renovated the property with upgrades including new hardwood flooring and windows. 1101 - 1103 Ocean Avenue offers residents an unrivaled location just moments away from the beach and the Seal Beach Pier.

Last Agent to Sell the Property

Kurt Hediger

Marcus & Millichap RE Invest License #01846649 Listed on: 04/16/2021

Last Buyer's Agent

Dale Thayer

West Coast Realty Services Inc License #00903004

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1947

Lot Details

  • 5,663 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Corner Lot
  • Level Lot

Parking

  • 1 Open Parking Space
  • 5 Car Garage
  • 1 Carport Space

Interior Spaces

  • 3,942 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 1 / 11
  • Tax Tract Number 115
  • Assessor Parcel Number 19907201

Community Details

Overview

  • 2 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,485
  • Fuel Expense $1,485
  • Insurance Expense $2,100
  • Maintenance Expense $3,600
  • Other Expense $6,351
  • Trash Expense $1,485
  • Water Sewer Expense $1,485
  • New Taxes Expense $33,789
  • Operating Expense $51,780
  • Gross Income $116,040
  • Net Operating Income $60,822

Property Details

Home Type

Apartment

Year Built

Built in 1947

Lot Details

0

Parking

5

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1485.00
  • Zoning: R-3
  • Property Type: Residential Income
  • Parcel Number: 19907201
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 655.44

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 5.00
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1485.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Landscaped, Level
  • Lot Size Sq Ft: 5662.80
  • Lot Size Acres: 0.1300

Multi Family

  • Electric Expense: 1485.00
  • Fuel Expense: 1485.00
  • Gross Income: 116040.00
  • Gross Operating Income: 112602.00
  • Gross Scheduled Income: 114600.00
  • Insurance Expense: 2100.00
  • Laundry Income: 1440.00
  • Lot Size Area: 0.1300 Acres
  • Maintenance Expense: 3600.00
  • Net Operating Income: 60822.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 51780.00
  • Other Expense: 6351.00
  • Other Expense Description: Misc
  • Rent Control: Yes
  • Total Actual Rent: 9550.00
  • Total Expenses: 51780.00
  • Vacancy Allowance: 3438

Tax Info

  • New Taxes Expense: 33789.00
  • Tax Block: 11
  • Tax Census Tract: 995.11
  • Tax Lot: 1
  • Tax Tract Number: 115

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2021 05/13/21 Sold $2,583,750 -13.7% $655 / Sq Ft
04/16/2021 04/16/21 For Sale $2,995,000 -- $760 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2021

    Kurt Hediger

    Marcus & Millichap RE Invest

    Section Image

  • D

    Buyer's Agent in 2021

    Dale Thayer

    West Coast Realty Services Inc

    (949) 400-3706

    1 in this area

    5 Total Sales

    Dale Thayer
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21080181

California Regional Multiple Listing Service (CRMLS)
California Orange County Seal Beach 90740

1103 Ocean Ave, Seal Beach, CA

This home is located at 1103 Ocean Ave, Seal Beach, CA 90740 since 16 April 2021. This property was built in 1947. 1103 Ocean Ave is a home located in Orange County with nearby schools including J. H. Mcgaugh Elementary School, Jack L. Weaver Elementary School, and Sharon Christa Mcauliffe Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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