NOT LISTED FOR SALE

116 8th St Seal Beach, CA 90740

8 Beds
5 Baths
3,900 Sq Ft
4,406 Sq Ft Lot

Last Sold September 16, 2023

Last sale price $2,700,000 $692 Per Sq Ft

97 Days on Market

Highlights

  • Ocean View
  • Property has ocean access
  • Across the Road from Lake or Ocean
  • J. H. Mcgaugh Elementary School Rated A
  • Fishing
  • 2-minute walk to Seal Beach Pier Playground

About This Home

As of September 2023

A VERY UNIQUE FEATURE, THIS PROPERTY HAS A 6 CAR GARAGE. FIRST TIME ON THE MARKET. Beautiful 3 unit building JUST STEPS TO THE SAND and Main Street. Unit "A" is approximately 1525 squ. ft. with 3 bedrooms, 2 bathrooms, two story townhome style unit with ocean views from the master bedroom, upstairs deck and dining area downstairs. It was recently remodeled with laminate wood flooring, countertops, paint, carpet, bathroom fixtures, appliances, etc.. It also has it's own washer/dryer hook-ups on the 2nd level. Unit "B" is also a 3 bedroom 2 bath, approximately 1339 squ. ft., two story townhome style unit that has been remodeled. It has beautiful laminate wood flooring downstairs and carpet upstairs. Countertops and appliances are newer. Recently painted and bathrooms have been updated. Unit "C" is single level, approximately 1075 squ ft., 2 bedroom 1 bath unit that has updated flooring and kitchen with newer countertops, stainless steel appliances and updated bathroom.
Unit "A" has an upstairs private deck and unit "C" also has it's own private deck. Unit "A" deck is new construction within the past few years and Unit "C" deck was also remodeled/repaired/updated. Unit "B" and "C" share washer/dryer hookups in the garage.

Last Agent to Sell the Property

Marc Ferraiz

Smart Partner, Realtors License #01223244 Listed on: 05/10/2023

Last Buyer's Agent

Frank Towler

Smart Partner, Realtors License #01187635

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1974

Lot Details

  • 4,406 Sq Ft Lot
  • Two or More Common Walls
  • Vinyl Fence
  • Fence is in average condition
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Three Garage Doors
  • Garage Door Opener
  • Assigned Parking

Property Views

  • Ocean
  • Coastline

Home Design

  • Traditional Architecture
  • Apartment
  • Entry on the 1st floor
  • Composition Roof

Interior Spaces

  • 3,900 Sq Ft Home
  • 2-Story Property
  • Window Screens

Kitchen

  • Gas Range
  • Free-Standing Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level
  • Laundry in Garage

Outdoor Features

  • Property has ocean access
  • Beach Access

Location

  • Across the Road from Lake or Ocean

Utilities

  • Forced Air Heating System
  • Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 16 / 8
  • Tax Tract Number 115
  • Assessor Parcel Number 19903423
  • $1,501 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Old Town Subdivision

Recreation

  • Fishing
  • Park
  • Water Sports
  • Bike Trail

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Electric Expense $552
  • Fuel Expense $735
  • Gardener Expense $600
  • Insurance Expense $2,626
  • Professional Management Expense $6,600
  • Water Sewer Expense $1,577
  • Operating Expense $12,690
  • Gross Income $103,450
  • Net Operating Income $90,760

Property Details

Home Type

Multi-Family

Year Built

Built in 1974

Lot Details

0

Parking

6

Listing Details

  • Assessments: Yes
  • Price Per Unit: 930000
  • Professional Management Expense: 6600.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Old Town (OLDT)
  • View: Yes
  • Water Sewer Expenses: 1577.00
  • Architectural Style: Traditional
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 19903423
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: front
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One, Two
  • Price Per Square Foot: 692.31
  • Room Type: Laundry, Main Floor Bedroom, Master Bedroom, Walk-In Closet
  • Window Features: Screens

Exterior Features

  • View: Coastline, Ocean, Water
  • Fence: Yes
  • Fencing: Average Condition, Vinyl
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned, Garage, Garage Faces Rear, Garage - Three Door, Garage Door Opener
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Natural Gas Available, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Disposal, Gas Range, Water Heater
  • Heating Type: Forced Air
  • Laundry Features: In Garage, Individual Room, Upper Level
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Fishing, Park, Watersports, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4406.00
  • Lot Size Acres: 0.1011

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 1065 Square Feet
  • Average3 Bed Area: 1435 Square Feet
  • Electric Expense: 552.00
  • Fuel Expense: 735.00
  • Gross Income: 103450.00
  • Gross Scheduled Income: 103450.00
  • Insurance Expense: 2626.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 4406.0000 Square Feet
  • Net Operating Income: 90760.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Patio: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 12690.00
  • Rent Control: No
  • Total Actual Rent: 10345.00
  • Total Expenses: 12690.00
  • Waterfront Features: Across the Road from Lake/Ocean, Beach Access, Ocean Access

Tax Info

  • Tax Block: 8
  • Tax Census Tract: 995.11
  • Tax Lot: 16
  • Tax Tract Number: 115
  • TaxOtherAnnualAssessmentAmount: 1501.00

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
09/16/2023 09/16/23 Sold $2,700,000 -3.2% $692 / Sq Ft
08/15/2023 08/15/23 Pending -- -- --
07/28/2023 07/28/23 Price Changed $2,790,000 -7.0% $715 / Sq Ft
07/10/2023 07/10/23 Price Changed $3,000,000 -9.0% $769 / Sq Ft
06/14/2023 06/14/23 Price Changed $3,295,000 -5.7% $845 / Sq Ft
05/10/2023 05/10/23 For Sale $3,495,000 0.0% $896 / Sq Ft
11/07/2014 11/07/14 Rented $3,400 0.0% --
11/07/2014 11/07/14 For Rent $3,400 -- --
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: PW23080429

California Regional Multiple Listing Service (CRMLS)

APN: 199-034-23