NOT LISTED FOR SALE

1527 Seal Way Seal Beach, CA 90740

7 Beds
6 Baths
2,690 Sq Ft
4,234 Sq Ft Lot

Last Sold April 03, 2020

Last sale price $2,740,000 $1,019 Per Sq Ft

48 Days on Market

Highlights

  • Ocean Front
  • Fireplace in Bathroom
  • Turnkey
  • J. H. Mcgaugh Elementary School Rated A
  • No HOA
  • Carpet

About This Home

As of April 2020

Location, location, location.

OCEANFRONT APARTMENT OPPORTUNITY! RIGHT ON THE SAND! SUBMIT ALL OFFERS! MOTIVATED SELLER! FULLY OCCUPIED!

FIRST time on the market in 35+ years! Charming and Rare BEACHFRONT 6 unit Apartment Opportunity! With each unit having an open floor plan with high-end finishes. Rare Opportunity to own five one bedroom/bath and One two bedroom/bath right on the sand. Enjoy the beach lifestyle inside and out. Amazing views in each unit overlooking the beach. Perfect for an investor seeking that pride-of-owner Income Property. Whether HOME, INVESTMENT or COMBINATION this 6 unit property opportunity will not come again....where every day living will feel like you're on vacation!



MOTIVATED SELLER! SUBMIT ALL OFFERS!
DRIVE BY ONLY! DO NOT DISTURB TENANTS. ALL OFFERS ARE SUBJECT TO INTERIOR INSPECTION.

Last Agent to Sell the Property

Paul Dunlap

Dunlap Property Group. Inc. License #00547027 Listed on: 10/16/2019

Last Buyer's Agent

Stephanie St Pierre

Seven Gables Real Estate License #00688286

Seven Gables Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 4,234 Sq Ft Lot
  • Ocean Front
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • On-Street Parking

Property Views

  • Ocean
  • Panoramic

Home Design

  • Apartment
  • Turnkey

Interior Spaces

  • 2,690 Sq Ft Home
  • Gas Fireplace
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace

Kitchen

  • Gas Range
  • Dishwasher
  • Fireplace in Kitchen

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms
  • Fireplace in Bathroom

Outdoor Features

  • Property has ocean access
  • Fireplace in Patio

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 15
  • Tax Tract Number 995
  • Assessor Parcel Number 19909313

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Maintenance Expense $4,257
  • Trash Expense $2,000
  • Water Sewer Expense $3,760
  • New Taxes Expense $29,478
  • Operating Expense $40,995
  • Gross Income $141,900
  • Net Operating Income $100,905

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Assessments: Yes
  • Other Phone Description: 714-251-9952
  • Property Attached: Yes
  • Subdivision Name Other: Old Town (OLDT)
  • View: Yes
  • Water Sewer Expenses: 3760.00
  • Property Condition: Turnkey
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 19909313
  • Year Built: 1924
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Fireplace Features: Bath, Dining Room, Family Room, Kitchen, Living Room, Patio, Gas
  • Levels: Two
  • Price Per Square Foot: 1018.59

Exterior Features

  • View: Ocean, Panoramic
  • Pool Private: No

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Laundry: No
  • Appliances: Dishwasher, Gas Range
  • Sewer: Public Sewer
  • Trash Expense: 2000.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4234.00
  • Lot Size Acres: 0.0972

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average1 Bed Area: 550 Square Feet
  • Average2 Bed Area: 625 Square Feet
  • Gross Income: 141900.00
  • Gross Scheduled Income: 141900.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 4234.0000 Square Feet
  • Maintenance Expense: 4257.00
  • Net Operating Income: 100905.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number With Disposal: 6
  • Operating Expense: 40995.00
  • Rent Control: No
  • Total Actual Rent: 11120.00
  • Total Expenses: 40995.00
  • Waterfront Features: Ocean Access, Ocean Front

Tax Info

  • New Taxes Expense: 29478.00
  • Tax Census Tract: 995.11
  • Tax Lot: 15
  • Tax Tract Number: 995.11

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
04/03/2020 04/03/20 Sold $2,740,000 -5.5% $1,019 / Sq Ft
03/26/2020 03/26/20 Price Changed $2,900,000 0.0% $1,078 / Sq Ft
12/03/2019 12/03/19 Pending -- -- --
10/16/2019 10/16/19 For Sale $2,900,000 -- $1,078 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Paul Dunlap

    Seller's Agent in 2020

    Paul Dunlap

    Dunlap Property Group. Inc.

    (714) 720-3321

    1 in this area

    4 Total Sales

    Paul Dunlap
    Section Image
  • Stephanie St Pierre

    Buyer's Agent in 2020

    Stephanie St Pierre

    Seven Gables Real Estate

    (714) 404-6411

    3 in this area

    46 Total Sales

    Stephanie St Pierre
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19244240

California Regional Multiple Listing Service (CRMLS)
California Orange County Seal Beach 90740

1527 Seal Way, Seal Beach, CA

This home is located at 1527 Seal Way, Seal Beach, CA 90740 since 16 October 2019. This property was built in 1924. 1527 Seal Way is a home located in Orange County with nearby schools including J. H. Mcgaugh Elementary School, Jack L. Weaver Elementary School, and Sharon Christa Mcauliffe Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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