NOT LISTED FOR SALE

138 7th St Seal Beach, CA 90740

6 Beds
4 Baths
3,027 Sq Ft
3,049 Sq Ft

Last Sold August 31, 2024

Last sale price $2,000,000 $661 Per Sq Ft

89 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 5-minute walk to Seal Beach Pier Playground
  • J. H. Mcgaugh Elementary School Rated A
  • Central Heating

About This Home

As of August 2024

Steps from the sand. Two homes on a lot, both units are large 3 bedroom, 2 bath, inside laundry and each has a 2 car garage. The front unit is a 2 story with 2 bedrooms up and 1 bedroom down. The back unit is an upstairs one level 3 bedroom 2 bath. First time on the market since being built. live in one and rent the other out. leases are currently on a month to month basis. 3-D interior video available for prospective qualified buyer.

Last Agent to Sell the Property

David Biehler

Pacific Sotheby's Int'l Realty Brokerage Email: david@stanfieldrealestate.com License #01030261 Listed on: 05/23/2024

Pacific Sotheby's Int'l Realty

Co-Listed By

Sean Stanfield

Pacific Sotheby's Int'l Realty Brokerage Email: david@stanfieldrealestate.com License #01024996

Last Buyer's Agent

David Biehler

Pacific Sotheby's Int'l Realty Brokerage Email: david@stanfieldrealestate.com License #01030261 Listed on: 05/23/2024

Pacific Sotheby's Int'l Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 3,049 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 3,027 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Location

  • Suburban Location

Utilities

  • Central Heating
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 38 / 7
  • Tax Tract Number 115
  • Assessor Parcel Number 19903326
  • $1,045 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • Old Town Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $900
  • Insurance Expense $2,423
  • Trash Expense $540
  • Water Sewer Expense $1,968
  • New Taxes Expense $27,000
  • Operating Expense $32,831
  • Gross Income $32,831
  • Net Operating Income $41,509

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

3,049 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 3.00
  • Property Attached: No
  • Subdivision Name Other: Old Town (OLDT)
  • Water Sewer Expenses: 1968.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 19903326
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 660.72

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Unknown
  • Trash Expense: 540.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 3049.00
  • Lot Size Acres: 0.0700

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average3 Bed Area: 1500 Square Feet
  • Gross Multiplier: 33.00
  • Gross Operating Income: 32831.00
  • Gross Scheduled Income: 74340.00
  • Gross Spendable Income: 41509.00
  • Insurance Expense: 2423.00
  • Lot Size Area: 3049.0000 Square Feet
  • Net Operating Income: 41509.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Drapes: 2
  • Number With Range: 2
  • Rent Control: No
  • Total Expenses: 32831.00

Tax Info

  • New Taxes Expense: 27000.00
  • Tax Block: 7
  • Tax Census Tract: 995.11
  • Tax Lot: 38
  • Tax Tract Number: 115
  • TaxOtherAnnualAssessmentAmount: 1045.00
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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 List to Sale Price per Sq Ft
08/31/2024 08/31/24 Sold $2,000,000 -4.5% $661 / Sq Ft
08/20/2024 08/20/24 For Sale $2,095,000 +4.8% $692 / Sq Ft
08/17/2024 08/17/24 Off Market $2,000,000 -- --
08/07/2024 08/07/24 Price Changed $2,095,000 -4.6% $692 / Sq Ft
07/02/2024 07/02/24 Price Changed $2,195,000 -12.2% $725 / Sq Ft
05/23/2024 05/23/24 For Sale $2,499,900 -- $826 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $3,186 $2,000,000 $1,824,176 $175,824
2024 $3,186 $189,870 $64,835 $125,035
2023 $3,100 $186,148 $63,564 $122,584
2022 $3,043 $182,499 $62,318 $120,181
2021 $2,970 $178,921 $61,096 $117,825
2020 $2,950 $177,087 $60,470 $116,617
2019 $2,867 $173,615 $59,284 $114,331
2018 $2,752 $170,211 $58,121 $112,090
2017 $2,689 $166,874 $56,981 $109,893
2016 $2,633 $163,602 $55,863 $107,739
2015 $2,588 $161,145 $55,024 $106,121
2014 $2,521 $157,989 $53,946 $104,043
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24103063

California Regional Multiple Listing Service (CRMLS)

APN: 199-033-26

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