Seller's Agent in 2021
Brian Estes
RE/MAX
(310) 802-2525
1 in this area
16 Total Sales
129 7th St Seal Beach, CA 90740
Estimated Value: $2,444,000 - $3,692,000
5
Beds
5
Baths
2,800
Sq Ft
$1,062/Sq Ft
Est. Value
Highlights
- Laundry Room
- J. H. Mcgaugh Elementary School Rated A
- 5-minute walk to Electric Avenue Median Park
About This Home
As of June 2021129 7th Street is a beautiful Seal Beach duplex, just steps to the sand. The (2) units consist of an approx. 1,600 sq. ft. 2BR front house (129 7th Street) and an approx. 1,200 sq. ft. 3BR back house (129 ½ 7th Street). The front house is currently leased month to month for $3,500 and the back house is vacant. This presents an excellent opportunity for an owner/user OR for a new owner to choose their own tenant/rent. Both units have brand new plumbing, electrical and have been completely remodeled with high end materials completed with top notch workmanship. They were taken down to the studs and subfloor then rebuilt with all new cabinetry, flooring, kitchens and bathrooms. The front unit has built in cabinet/shelves and an electric fireplace in the living room, ceiling fans, new stainless steel appliances and best of all 3 patio/balconies! One of the patios is a spacious rooftop deck that comes with plumbing hookups for a hot tub and is the perfect place to enjoy a summer bbq with friends and family. Both units have washer/dryer hookups allowing tenants the convenience of not having to share common laundry with anyone outside of their household. The back unit has an attached 2 car garage with an epoxy floor which can be used for either parking or for recreation/gym, office or man cave. The roofs are newer and also pitched which tends to lead to a longer useful life. All windows have also been replaced.
129 7th Street is just one block to the sand in Old Town Seal Beach. It’s a short walk to the pier, Main Street, public library, fire station and of course the beach. Main Street has a multitude of iconic boutiques, coffee shops, ice cream parlors, surf shops and local restaurants. Also nearby are the best rated K¬12 schools in the area and accessible to the 22, 405 and 605 freeways. The property is on a quiet street in one of the best locations in Seal Beach. It’s the perfect opportunity for anyone looking for a pride of ownership asset in an excellent location and should be equally appealing to an owner/user or investor.
Last Agent to Sell the Property
Re/Max Commercial & Investment License #01394559 Listed on: 05/05/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1969
Lot Details
- 3,112 Sq Ft Lot
- No Common Walls
- No Landscaping
Parking
- 2 Car Garage
Home Design
- 2,800 Sq Ft Home
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Bathrooms
Additional Features
- Laundry Room
- Suburban Location
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 29
- Tax Tract Number 115
- Assessor Parcel Number 19903210
Community Details
Overview
- 2 Buildings
- 2 Units
- Old Town Subdivision
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $21,000
- Gross Income $84,000
- Net Operating Income $63,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 5, 2021
Closed on
Jun 10, 2021
Sold by
Neoman Malek Trust and Neoman Ayman I
Bought by
Ara Breezy Group Llc
Seller's Agent
Brian Estes
Re/Max Commercial & Investment
Buyer's Agent
Brian Lopiccolo
Serv Corp
List Price
$2,200,000
Sold Price
$2,250,000
Premium/Discount to List
$50,000
2.27%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$722,671
Avg. Annual Appreciation
6.26%
Purchase Details
Closed on
Sep 6, 2018
Sold by
Neoman Ayman and Neoman Irene Malek
Bought by
Neoman Ayman I and Malek Irene
Purchase Details
Closed on
May 22, 2008
Sold by
Abdelmalek Alfred Tawfik and Abdelmalek Safinaz Fawzy
Bought by
Neoman Ayman and Neoman Irene Malek
Purchase Details
Closed on
Mar 15, 2006
Sold by
Abdelmalek Alfred Tawfik and Abdelmalek Safinaz Fanzy
Bought by
Abdelmalek Alfred Tawfik and Abdelmalek Safinaz Fawzy
Purchase Details
Closed on
Aug 5, 2005
Sold by
Abdelmalek Alfred Tawfik and Abdelmalek Safinas Fanzy
Bought by
Abdelmalek Alfred Tawfik and Abdelmalek Safinas Fanzy
Purchase Details
Closed on
Apr 7, 1999
Sold by
Malek Irene A and Malek Ayman I
Bought by
Malek Irene A and Abdelmalek Alfre Tawfik
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$423,500
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 22, 1999
Sold by
Abdelmalek Safinaz F and Abdelmalek Alfred
Bought by
Malek Irene A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$423,500
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 3, 1995
Sold by
Malek Alfred
Bought by
Abdelmalek Safinaz F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,000
Interest Rate
9.09%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ara Breezy Group Llc | $2,250,000 | Ticor Title | |
| Neoman Ayman I | -- | None Available | |
| Neoman Ayman | -- | None Available | |
| Abdelmalek Alfred Tawfik | -- | None Available | |
| Abdelmalek Alfred Tawfik | -- | -- | |
| Malek Irene A | -- | -- | |
| Malek Irene A | -- | Old Republic Title Company | |
| Abdelmalek Safinaz F | -- | Continental Lawyers Title Co | |
| Malek Irene A | $382,000 | Continental Lawyers Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Malek Irene A | $423,500 | |
| Previous Owner | Malek Irene A | $277,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/22/2021 06/22/21 | Sold | $2,250,000 | +2.3% | $804 / Sq Ft |
| 05/24/2021 05/24/21 | Pending | -- | -- | -- |
| 05/05/2021 05/05/21 | For Sale | $2,200,000 | -- | $786 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| 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 |
|---|---|---|---|---|
| 2025 | $26,697 | $2,500,000 | $1,979,800 | $520,200 |
| 2024 | $26,697 | $2,340,900 | $1,820,700 | $520,200 |
| 2023 | $26,622 | $2,340,900 | $1,820,700 | $520,200 |
| 2022 | $26,368 | $709,024 | $503,796 | $205,228 |
| 2021 | $8,477 | $695,122 | $493,918 | $201,204 |
| 2020 | $8,485 | $687,995 | $488,854 | $199,141 |
| 2019 | $8,230 | $674,505 | $479,268 | $195,237 |
| 2018 | $7,861 | $661,280 | $469,871 | $191,409 |
| 2017 | $7,697 | $648,314 | $460,658 | $187,656 |
| 2016 | $7,551 | $635,602 | $451,625 | $183,977 |
| 2015 | $7,455 | $626,055 | $444,841 | $181,214 |
| 2014 | $7,276 | $613,792 | $436,127 | $177,665 |
Source: Public Records
Agents Affiliated with this Home
-
Brian Estes
-
Brian Lopiccolo
Buyer's Agent in 2021
Brian Lopiccolo
Serv Corp
(951) 907-0360
2 in this area
26 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB21095708
APN: 199-032-10
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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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