$3,160,000
SOLD AUG 31, 2018

1117 Seal Way Seal Beach, CA 90740

7 Beds
4 Baths
3,630 Sq Ft
3,415 Sq Ft Lot

Recently Sold

$871 Per Sq Ft

1% Below List Price

266 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Multi-Level Bedroom
  • J. H. Mcgaugh Elementary School Rated A
  • Property has ocean access
  • 4-minute walk to Seal Beach Pier Playground

About This Home

As of November 2024

Rare opportunity to own three units, right on the sand. Triplex sits on a corner, oversize lot and consist of (2) upstairs two bedroom, one bath units. Upstairs units have an ocean front balcony and back deck. Downstairs unit consist of three bedrooms and two baths and a private ocean front deck. Property includes (3) one car garage and onsite laundry. Sale of this property is subject to a"right to reside" provision for the downstairs unit tenant, which will be assumed by the Buyer. "Right to reside tenant" will pay "Market rent". Please do not walk property or talk to tenants.

Last Agent to Sell the Property

Melissa Gomez

American Beachside Brokers License #01237349 Listed on: 08/10/2017

Last Buyer's Agent

Judy Chen

License #01801281

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 3,415 Sq Ft Lot
  • Beach Front
  • 1 Common Wall
  • Northwest Facing Home
  • No Landscaping
  • Corner Lot
  • Value in Land

Parking

  • 3 Car Garage

Property Views

  • Ocean
  • Coastline
  • Catalina
  • Panoramic
  • City Lights

Home Design

  • Triplex
  • Flat Roof Shape
  • Raised Foundation

Interior Spaces

  • 3,630 Sq Ft Home
  • 2-Story Property
  • Living Room

Kitchen

  • Galley Kitchen
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Multi-Level Bedroom
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Central Heating
  • Cable TV Available

Additional Features

  • Property has ocean access
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 10
  • Tax Tract Number 1009
  • Assessor Parcel Number 19907109

Community Details

Overview

  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $360
  • Insurance Expense $1,100
  • Trash Expense $300
  • Water Sewer Expense $300
  • New Taxes Expense $40,000
  • Operating Expense $42,000
  • Gross Income $74,110
  • Net Operating Income $73,750

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Other Phone Description: 5624300609
  • Other Phone Number: 5624300609
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Subdivision Name Other: Old Town (OLDT)
  • View: Yes
  • Water Sewer Expenses: 300.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 19907109
  • Year Built: 1966
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 870.52
  • Room Type: Galley Kitchen, Living Room, Multi-Level Bedroom

Exterior Features

  • Direction Faces: Northwest
  • Foundation: Raised
  • View: Catalina, City Lights, Coastline, Ocean, Panoramic
  • Pool Private: No
  • Roof: Flat
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Available
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Central
  • Laundry Features: Dryer Included, Gas & Electric Dryer Hookup, Individual Room, Inside, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 300.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, No Landscaping, Value In Land
  • Lot Size Sq Ft: 3415.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 1100 Square Feet
  • Average3 Bed Area: 1430 Square Feet
  • Electric Expense: 360.00
  • Gross Income: 74110.00
  • Gross Multiplier: 34.00
  • Gross Scheduled Income: 93600.00
  • Insurance Expense: 1100.00
  • Laundry Income: 360.00
  • Net Operating Income: 73750.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Dishwasher: 1
  • Number With Disposal: 3
  • Number With Patio: 3
  • Number With Range: 3
  • Number With Refrigerator: 2
  • Operating Expense: 19850.00
  • Rent Control: No
  • Total Expenses: 42000.00
  • Waterfront Features: Beach Access, Beach Front, Ocean Access, Ocean Front

Tax Info

  • New Taxes Expense: 40000.00
  • Tax Census Tract: 995.11
  • Tax Lot: 10
  • Tax Tract Number: 1009

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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
11/26/2024 11/26/24 Sold $4,150,000 0.0% $1,143 / Sq Ft
11/10/2024 11/10/24 Price Changed $4,150,000 -0.7% $1,143 / Sq Ft
11/08/2024 11/08/24 Pending -- -- --
08/17/2024 08/17/24 Price Changed $4,180,000 -4.6% $1,152 / Sq Ft
06/28/2024 06/28/24 For Sale $4,380,000 0.0% $1,207 / Sq Ft
04/15/2019 04/15/19 Rented $4,500 0.0% --
12/07/2018 12/07/18 For Rent $4,500 0.0% --
08/31/2018 08/31/18 Sold $3,160,000 -4.2% $871 / Sq Ft
05/03/2018 05/03/18 Pending -- -- --
08/12/2017 08/12/17 Price Changed $3,300,000 +3.1% $909 / Sq Ft
08/10/2017 08/10/17 For Sale $3,200,000 -- $882 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17184427

California Regional Multiple Listing Service (CRMLS)