NOT LISTED FOR SALE

122 10th St Unit A-C Seal Beach, CA 90740

3 Beds
3 Baths
1,425 Sq Ft
1915 Built

Last Sold March 08, 2018

Last sale price $1,199,000 $841 Per Sq Ft

120 Days on Market

Highlights

  • Laundry Room
  • Back Yard
  • 3-minute walk to Seal Beach Pier Playground
  • J. H. Mcgaugh Elementary School Rated A
  • 1-Story Property

About This Home

As of March 2018

Great Investor Property located only a half a block from the beach and one block from Main Street's shops, restaurants, and coffee houses. This charming multi-unit property offers investors an opportunity to acquire a turn-key, owner-user asset in the most desirable area of Seal Beach. The property offers three units, all of which have granite countertops, tile in the bathrooms, laminate flooring, and in-unit washers and dryers. The lot's amenities include three parking spaces in the back of the property, a small backyard, and partial ocean view from the front patio. The property is separately metered, features updated plumbing/electrical system, and a newer roof. Seal Beach is in the award winning Los Alamitos School District and provides residents with an excellent community environment. Seal Beach's proximity to the 405, 605, and 22 freeways make it highly desirable to those commuting to both Los Angeles and Orange County.

Last Agent to Sell the Property

Sandra Thiel

Milieu Homes License #01874934 Listed on: 10/09/2017

Last Buyer's Agent

Lynne SanPedro

Wise Choices Realty License #01400762

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1915

Lot Details

  • 3,049 Sq Ft Lot
  • Two or More Common Walls
  • Back Yard

Home Design

  • Property Attached

Interior Spaces

  • 1,425 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Parking Available
  • Driveway

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 115
  • Assessor Parcel Number 19904222

Community Details

Overview

  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Other Expense $2,000
  • Trash Expense $510
  • Water Sewer Expense $510
  • New Taxes Expense $12,000
  • Operating Expense $17,020
  • Gross Income $58,200
  • Net Operating Income $41,180

Property Details

Home Type

Multi-Family

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Old Town (OLDT)
  • Water Sewer Expenses: 510.00
  • Property Type: Residential Income
  • Parcel Number: 19904222
  • Year Built: 1915
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 841.40
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 510.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 3049.00

Multi Family

  • Gross Income: 58200.00
  • Gross Scheduled Income: 58200.00
  • Insurance Expense: 2000.00
  • Net Operating Income: 41180.00
  • 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 Patio: 1
  • Operating Expense: 17020.00
  • Other Expense: 2000.00
  • Other Expense Description: misc
  • Rent Control: No
  • Total Actual Rent: 4850.00
  • Total Expenses: 17020.00

Tax Info

  • New Taxes Expense: 12000.00
  • Tax Census Tract: 995.11
  • Tax Lot: 22
  • 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
03/08/2018 03/08/18 Sold $1,199,000 -6.0% $841 / Sq Ft
01/24/2018 01/24/18 Price Changed $1,275,000 -1.8% $895 / Sq Ft
12/27/2017 12/27/17 Price Changed $1,299,000 -3.7% $912 / Sq Ft
11/02/2017 11/02/17 Price Changed $1,349,000 -2.6% $947 / Sq Ft
10/17/2017 10/17/17 Price Changed $1,385,000 -4.5% $972 / Sq Ft
10/09/2017 10/09/17 For Sale $1,450,000 -- $1,018 / 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: OC17231619

California Regional Multiple Listing Service (CRMLS)