NOT LISTED FOR SALE

Estimated Value: $2,060,934

2 Beds
1 Bath
2,500 Sq Ft
$824/Sq Ft Est. Value

Sale Details

Date Sold: August 26, 2016

Last sale price $1,450,000 $580 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $12,965 / mo

8 Days on Market

Highlights

  • Ocean View
  • Custom Home
  • No HOA
  • J. H. Mcgaugh Elementary School Rated A
  • Wood Flooring
  • 5-minute walk to Seal Beach Pier Playground

About This Home

As of August 2016

Location, Location, Location! Fantastic Lifestyle and Investment Opportunity! Live 50 steps from the "Gold Coast" in one of two Charming and Spacious 2 Bedroom homes! Close enough to enjoy "Main Street" in a MINUTE and far enough to avoid the traffic and noise! Rent the Second Home for enough to make the interest portion of a payment on a $1,000,000 loan! (3% fixed 7 years?) Spend $50k to completely remodel and update both units with New Cabinets & Granite in Kitchens and Baths, New Windows & Doors, New flooring & Paint! Enjoy the ease of the Ground Floor Home in the Front, or the Partial Ocean View in the Rear Penthouse! Great Potential with 4 Car Tandem Garage and Laundry Room!
Buyer to consult with City Planning for possibilities and limitations on improvements!

Last Agent to Sell the Property

Dave Chamberlain

Team Chamberlain Realty Exe. License #00762670 Listed on: 06/24/2016

Team Chamberlain Realty Exe.

Last Buyer's Agent

Dave Chamberlain

Team Chamberlain Realty Exe. License #00762670 Listed on: 06/24/2016

Team Chamberlain Realty Exe.
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 3,049 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 4 Car Garage

Home Design

  • Custom Home
  • Cosmetic Repairs Needed
  • Fixer Upper
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,500 Sq Ft Home
  • 2-Story Property
  • Decorative Fireplace
  • Ocean Views
  • Laundry Room

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 111
  • Assessor Parcel Number 19903114

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Maintenance Expense $1,000
  • New Taxes Expense $18,000
  • Gross Income $5,000
  • Net Operating Income $40,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

3,049 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Old Town (OLDT)
  • View: Yes
  • Architectural Style: Custom Built
  • Property Condition: Fixer, Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 19903114
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Fireplace Features: Decorative
  • Levels: Two
  • Price Per Square Foot: 580.00

Exterior Features

  • View: Ocean
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 9.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside, Individual Room
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 3049.00
  • Price Per Lot Square Foot: 475.57

Multi Family

  • Average2 Bed Area: 1250
  • Gross Income: 5000.00
  • Gross Scheduled Income: 60000.00
  • Insurance Expense: 1000.00
  • Maintenance Expense: 1000.00
  • Net Operating Income: 40000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 20000.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 18000.00
  • Tax Lot: 1
  • Tax Tract Number: 111

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 21, 2024
Sold by
Bought by
Current Estimated Value
$2,060,934

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$838,000
Outstanding Balance
$820,426
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$1,240,508

Purchase Details

Closed on
Jun 12, 2024
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$838,000
Outstanding Balance
$820,426
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$1,240,508

Purchase Details

Closed on
Nov 23, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
7.08%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 24, 2016
Closed on
Jun 30, 2016
Sold by
Bought by
Seller's Agent
Dave Chamberlain
Team Chamberlain Realty Exe.
Buyer's Agent
Dave Chamberlain
Team Chamberlain Realty Exe.
List Price
$1,495,000
Sold Price
$1,450,000
Premium/Discount to List
-$45,000
-3.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.60%
Original Mortgage
$400,000
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2009
Sold by
Bought by

Purchase Details

Closed on
Aug 6, 1998
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Pacific Coast Title
-- Accommodation/Courtesy Recordi
-- Wfg National Title
$1,450,000 Orange Coast Title Co Socal
-- None Available
-- None Available
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $838,000
Previous Owner $250,000
Previous Owner $560,000
Previous Owner $400,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/26/2016 08/26/16 Sold $1,450,000 -3.0% $580 / Sq Ft
07/02/2016 07/02/16 Pending -- -- --
06/24/2016 06/24/16 For Sale $1,495,000 -- $598 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $19,394 $1,716,503 $1,620,766 $95,737
2025 $19,056 $1,682,847 $1,588,987 $93,860
2024 $19,056 $1,649,850 $1,557,830 $92,020
2023 $18,637 $1,617,500 $1,527,284 $90,216
2022 $18,453 $1,585,785 $1,497,337 $88,448
2021 $18,045 $1,554,692 $1,467,978 $86,714
2020 $18,083 $1,538,751 $1,452,926 $85,825
2019 $17,525 $1,508,580 $1,424,437 $84,143
2018 $16,719 $1,479,000 $1,396,506 $82,494
2017 $16,370 $1,450,000 $1,369,123 $80,877
2016 $1,597 $85,757 $36,960 $48,797
2015 $1,570 $84,469 $36,404 $48,065
2014 $1,531 $82,815 $35,691 $47,124
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16137756

California Regional Multiple Listing Service (CRMLS)

APN: 199-031-14

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