Scott Underwood
Meadowbrook Realty
(424) 785-0908
26 Total Sales
3 in Seal Beach
$405K - $1.5M Price Range
1605 Electric Ave Seal Beach, CA 90740
Seal Beach Area
2
Beds
3
Baths
1,280
Sq Ft
3,049
Sq Ft Lot
Highlights
- Ocean Side of Highway 1
- Wood Flooring
- No HOA
- J. H. Mcgaugh Elementary School Rated A
- Park or Greenbelt View
- Laundry Room
About This Home
As of January 2016SOLD BEFORE LISTED - FOR COMP PURPOSES ONLY. Outstanding opportunity to own a charming 3 unit building just a few blocks away from famed Seal Beach Pier, white sand beaches, crashing waves and Main Street with great shopping, restaurants and parks. Located on popular Electric Avenue which features a beautiful and inviting tree lined park in the grass median with plentiful parking. These adorable units can ONLY be sold together with the adjacent 4 unit property located at 1603 Electric Ave (See MLS #). These 2 properties have separate Assessors Parcel numbers and have a combined list price of $2 million. The combined buildings when purchased together (7 units, 4 car garage) face each other and are separated by a private courtyard. Although somewhat original in condition, these units are clean and have been owned by the same family for many years and never been offered for sale. The units have been 100% rented to long term tenants with great upside in gross income due to below market rents being charged. With an investment in light remodeling, the increase in income and ROI could be significant. Each parcel has a 2 car garage accessed through the back alley and there is one laundry facility. The financial info in this listing is for the 1605 address only.
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1939
Lot Details
- 3,049 Sq Ft Lot
- Two or More Common Walls
Parking
- 2 Car Garage
Home Design
- Bungalow
- Property Attached
- Entry on the 1st floor
- Composition Roof
- Stucco
Interior Spaces
- 1,280 Sq Ft Home
- 1-Story Property
- Park or Greenbelt Views
- Fire and Smoke Detector
- Gas Range
- Laundry Room
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 2 Bedrooms
- 3 Bathrooms
Outdoor Features
- Ocean Side of Highway 1
- Exterior Lighting
Additional Features
- No Interior Steps
- Heating Available
Listing and Financial Details
- Legal Lot and Block 3 / 219
- Tax Tract Number 10
- Assessor Parcel Number 19906424
Community Details
Overview
- No Home Owners Association
- 3 Units
Amenities
- Laundry Facilities
Building Details
- 3 Leased Units
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $712
- Gardener Expense $250
- Insurance Expense $1,070
- Maintenance Expense $2,310
- Water Sewer Expense $1,240
- New Taxes Expense $9,000
- Gross Income $3,365
- Net Operating Income $23,940
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 4, 2022
Sold by
Bought by
Purchase Details
Listed on
Jan 25, 2016
Closed on
Jan 15, 2016
Sold by
Bought by
Seller's Agent
Dean Lueck
Compass
Buyer's Agent
Dean Lueck
Compass
List Price
$900,000
Sold Price
$835,000
Premium/Discount to List
-$65,000
-7.22%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Jan 25, 2016
Closed on
Jan 14, 2016
Sold by
Bought by
Seller's Agent
Dean Lueck
Compass
Buyer's Agent
Dean Lueck
Compass
List Price
$900,000
Sold Price
$835,000
Premium/Discount to List
-$65,000
-7.22%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Jan 25, 2016
Closed on
Dec 10, 2015
Sold by
Bought by
Seller's Agent
Dean Lueck
Compass
Buyer's Agent
Dean Lueck
Compass
List Price
$900,000
Sold Price
$835,000
Premium/Discount to List
-$65,000
-7.22%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 8, 2015
Sold by
Bought by
Purchase Details
Closed on
Nov 19, 2007
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Seal Beach, CA
-
Scott Underwood
-
John Binder
John Binder
ReMax Tiffany Real Estate
(424) 381-0619
91 Total Sales
5 in Seal Beach
$325K - $505K Price Range
-
John Simcoe
John Simcoe
Keller Williams Realty
(951) 476-2949
184 Total Sales
1 in Seal Beach
$215,000 Price
-
Silvana Sarkis
Silvana Sarkis
Responds QuicklyAmerican Classic Realty
(657) 220-8075
40 Total Sales
2 in Seal Beach
$1.3M - $1.4M Price Range
-
Marjorie Tyson
Marjorie Tyson
Coldwell Banker Envision
(424) 378-4827
18 Total Sales
1 in Seal Beach
$278,500 Price
-
Dave Smith
Dave Smith
REMAX Professionals
(424) 373-7838
75 Total Sales
2 in Seal Beach
$1,250,000 Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $3,850,000 | First American Title | ||
| -- | California Title Company | ||
| -- | California Title Company | ||
| -- | California Title Company | ||
| -- | California Title Company | ||
| $835,000 | California Title Company | ||
| -- | None Available | ||
| -- | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $1,300,000 | ||
| Previous Owner | $1,000,000 | ||
| Previous Owner | $2,500,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/26/2016 01/26/16 | Sold | $835,000 | -7.2% | $652 / Sq Ft |
| 01/25/2016 01/25/16 | Pending | -- | -- | -- |
| 01/25/2016 01/25/16 | For Sale | $900,000 | -- | $703 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $20,993 | $1,786,012 | $1,726,304 | $59,708 |
| 2025 | $20,608 | $1,750,993 | $1,692,455 | $58,538 |
| 2024 | $20,608 | $1,716,660 | $1,659,269 | $57,391 |
| 2023 | $20,140 | $1,683,000 | $1,626,734 | $56,266 |
| 2022 | $11,901 | $931,456 | $862,234 | $69,222 |
| 2021 | $11,629 | $913,193 | $845,328 | $67,865 |
| 2020 | $11,621 | $903,830 | $836,660 | $67,170 |
| 2019 | $11,269 | $886,108 | $820,255 | $65,853 |
| 2018 | $10,768 | $868,734 | $804,172 | $64,562 |
| 2017 | $10,535 | $851,700 | $788,403 | $63,297 |
| 2016 | $1,808 | $48,182 | $29,690 | $18,492 |
| 2015 | $1,766 | $47,459 | $29,244 | $18,215 |
| 2014 | $1,715 | $46,530 | $28,671 | $17,859 |
Source: Public Records
Agents Affiliated with this Home
-
Dean Lueck
Seller's Agent in 2016
Dean Lueck
Compass
(949) 275-1801
119 Total Sales
-
Karen Franssen
Seller Co-Listing Agent in 2016
Karen Franssen
First Team Real Estate
(562) 746-9624
14 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC16017335
APN: 199-064-24
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.
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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