NOT LISTED FOR SALE

1511 Ocean Ave Seal Beach, CA 90740

5 Beds
3 Baths
2,500 Sq Ft
1953 Built

Last Sold June 10, 2016

Last sale price $1,599,000 $640 Per Sq Ft

21 Days on Market

Highlights

  • Property has ocean access
  • Peek-A-Boo Views
  • Bungalow
  • J. H. Mcgaugh Elementary School Rated A
  • Laundry Room
  • Wall Furnace

About This Home

As of June 2016

This pride of ownership Triplex was recently remodeled and is situated on rarely available, 1.5 lots. The front house is light & bright, perfect for an "on-site" owner and was remodeled in 2014 with new plumbing, electrical, windows, doors, floors and stunning kitchen. The counters are custom quartz inlaid with natural sea shells which are beautifully complimented by the glass tile back splash. The large sliding doors in the front corral ocean breezes and abundant sunshine into the home's interior.

Step through the rear sliding doors onto your own private patio, perfect for summer a barbeque and a new pergola cover to relax under in the shade and nap. Behind the front house, two rental units bring in $3,200 of monthly income. Upstairs unit offers 2 beds, 1 bath, spacious kitchen with peek-a-boo ocean view, dishwasher and stackable laundry. With open beam ceilings, this unit is bright, cheerful and very easy to rent.

The downstairs rear unit has 1 bed, 1 bath. It offers a dishwasher, washer & dryer which makes it very attractive to tenants. Don't miss the incredible opportunity to own a single level, completely remodeled beach home with strong rental income!

Last Agent to Sell the Property

Nat Ferguson

Splash Real Estate License #01387196 Listed on: 04/06/2016

Last Buyer's Agent

Nat Ferguson

Splash Real Estate License #01387196 Listed on: 04/06/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 3,838 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Bungalow
  • Property Attached
  • Fire Rated Drywall
  • Composition Roof

Interior Spaces

  • 2,500 Sq Ft Home
  • Peek-A-Boo Views

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Features

  • Property has ocean access
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 35
  • Tax Tract Number 1
  • Assessor Parcel Number 19908428

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Gross Income $6,200
  • Net Operating Income $74,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

3,838 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Road Surface Type: Maintained
  • Subdivision Name Other: Old Town (OLDT)
  • View: Yes
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 19908428
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 639.60

Exterior Features

  • View: Peek-A-Boo
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage, Inside
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 3838.00
  • Price Per Lot Square Foot: 416.62

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 6200.00
  • Gross Scheduled Income: 74400.00
  • Net Operating Income: 74400.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Patio: 2
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Rent Control: No
  • Total Actual Rent: 3200.00
  • Waterfront Features: Ocean Access

Tax Info

  • Tax Lot: 35
  • Tax Tract Number: 1
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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 Prior Sale
06/10/2016 06/10/16 Sold $1,599,000 0.0% $640 / Sq Ft
04/27/2016 04/27/16 Pending -- -- --
04/06/2016 04/06/16 For Sale $1,599,000 +37.8% $640 / Sq Ft
04/10/2014 04/10/14 Sold $1,160,000 -9.3% $464 / Sq Ft View Prior Sale
03/11/2014 03/11/14 Pending -- -- --
12/07/2013 12/07/13 For Sale $1,279,000 -- $512 / 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 $21,634 $1,892,888 $1,805,816 $87,072
2024 $21,634 $1,855,773 $1,770,408 $85,365
2023 $21,154 $1,819,386 $1,735,694 $83,692
2022 $20,940 $1,783,712 $1,701,661 $82,051
2021 $20,471 $1,748,738 $1,668,295 $80,443
2020 $20,504 $1,730,807 $1,651,188 $79,619
2019 $19,868 $1,696,870 $1,618,812 $78,058
2018 $18,953 $1,663,599 $1,587,071 $76,528
2017 $18,553 $1,630,980 $1,555,952 $75,028
2016 $13,892 $1,201,219 $1,126,539 $74,680
2015 $13,715 $1,183,176 $1,109,617 $73,559
2014 $13,363 $1,158,289 $1,073,672 $84,617
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16086135

California Regional Multiple Listing Service (CRMLS)
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