NOT LISTED FOR SALE

223 Seal Beach Blvd Seal Beach, CA 90740

-- Bed
-- Bath
3,700 Sq Ft
5,174 Sq Ft Lot

Last Sold December 26, 2012

Last sale price $1,350,000 $365 Per Sq Ft

233 Days on Market

Highlights

  • Ocean View
  • Contemporary Architecture
  • Tile Flooring
  • J. H. Mcgaugh Elementary School Rated A
  • Granite Countertops
  • Sliding Doors

About This Home

As of December 2012

UNIQUE OPPORTUNITY TO LIVE IN REMODELED OCEAN VIEW 3BD/2BA UPSTAIRS OVER COMMERCIAL PRESCHOOL 'GROWING TREE' SCHOOL ON 2 OCEAN VIEW LOTS! Think lower overhead with $4100+ per month income from the preschool that should debt service almost $800,000 debt service creating living across from ocean views and Huntington Harbour for less than $700,000 on 2 lots. Think creative with possible buyer who wants ocean view lot to build and another who wants a duplex with supportive income. Upstairs unit has 2-12x12 bedrooms with 12 x 14 master bedroom w/walkin closet, travertine tile floors with amazing cherrywood kitchen cabinets and granite countertops with all s.s. appliances included. Granite breakfast bar with ocean views seperates living room and laundry room down hallway. Possible seperate rear studio for mom,'inlaw' or teenager. Downstairs preschool almost 2000 s.f. on mo/mo with side lot with playground equipment. $6900 mo inc. today.

Last Agent to Sell the Property

Larry Boren

LB Brokerage, Inc License #00605203 Listed on: 05/07/2012

Last Buyer's Agent

Larry Boren

LB Brokerage, Inc License #00605203 Listed on: 05/07/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,588

Year Built

  • Built in 1946

Lot Details

  • 5,174

Home Design

  • Contemporary Architecture
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,700 Sq Ft Home
  • Sliding Doors
  • Ocean Views

Kitchen

  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • Two Garage Doors
  • Garage Door Opener

Additional Features

  • 5,174 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Legal Lot and Block 0.1 / 218
  • Tax Tract Number 10
  • Assessor Parcel Number 19906208

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Gardener Expense $300
  • Insurance Expense $2,000
  • Trash Expense $500
  • Water Sewer Expense $750
  • New Taxes Expense $18,900
  • Gross Income $6,900
  • Net Operating Income $75,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,588

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 5.43
  • View: Yes
  • Water Sewer Expenses: 750.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 300.00
  • Parcel Number: 19906208
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters
  • Flooring: Carpet, Tile
  • Appliances: No
  • Door Features: Sliding Doors
  • Levels: Two
  • Price Per Square Foot: 364.86

Exterior Features

  • View: Ocean
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Parking Features: Garage Door Opener, Garage - Two Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Dishwasher, Disposal, Microwave, Oven, Refrigerator, Self Cleaning Oven
  • Heating Type: Forced Air
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Washer Included
  • Trash Expense: 500.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 5174.00
  • Lot Size Acres: 0.1190

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 6900.00
  • Gross Multiplier: 16.85
  • Gross Scheduled Income: 82800.00
  • Insurance Expense: 2000.00
  • Laundry Equipment Own Lease: Own
  • Net Operating Income: 75800.00
  • 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 Dishwasher: 1
  • Number With Refrigerator: 2
  • Operating Expense: 7000.00

Tax Info

  • New Taxes Expense: 18900.00
  • Tax Area: 12024
  • Tax Block: 218
  • Tax Lot: 0.1
  • Tax Tract Number: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 25, 2017
Sold by
Zacky Mathoiu
Bought by
Mam Family Revocable Trusst
Total Days on Market
233

Purchase Details

Closed on
Mar 12, 2015
Sold by
Silveria James M and Silveria William A
Bought by
Zaky Mathiou and Zaky Monique

Purchase Details

Closed on
Jan 25, 2007
Sold by
Silveria James M and Silveria William A
Bought by
Silveria James M and Silveria William A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Interest Rate
6.11%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 28, 2006
Sold by
Silveria Kathy
Bought by
Silveria William A

Purchase Details

Closed on
Mar 23, 2006
Sold by
Gonzalez George Anthony
Bought by
Silveria William A

Purchase Details

Closed on
Aug 6, 2004
Sold by
Fielding Peter and Fielding Seretta Lee
Bought by
Silveria James M and Gonzalez George Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.65%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mam Family Revocable Trusst -- None Available
Zaky Mathiou $150,000 First American Title Company
Silveria James M -- Progressive Title Company
Silveria William A -- Progressive Title Company
Silveria William A -- Progressive Title Company
Silveria James M $1,400,000 First Southwestern Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Silveria James M $300,000
Previous Owner Silveria James M $760,000
Previous Owner Silveria James M $200,000
Previous Owner Silveria James M $125,000
Previous Owner Fielding Peter $100,000
Previous Owner Silveria James M $400,000
Previous Owner Fielding Peter $100,000
Previous Owner Fielding Peter $50,000
Previous Owner Fielding Peter $320,000
Previous Owner Fielding Peter $150,000
Closed Silveria James M $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/26/2012 12/26/12 Sold $1,350,000 -14.2% $365 / Sq Ft
12/26/2012 12/26/12 Pending -- -- --
05/07/2012 05/07/12 For Sale $1,574,000 -- $425 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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
2024 $20,588 $1,767,422 $1,355,028 $412,394
2023 $20,134 $1,732,767 $1,328,459 $404,308
2022 $19,932 $1,698,792 $1,302,411 $396,381
2021 $19,494 $1,665,483 $1,276,874 $388,609
2020 $19,533 $1,648,406 $1,263,781 $384,625
2019 $18,936 $1,616,085 $1,239,001 $377,084
2018 $18,071 $1,584,398 $1,214,707 $369,691
2017 $17,697 $1,553,332 $1,190,889 $362,443
2016 $17,365 $1,522,875 $1,167,538 $355,337
2015 $18,499 $1,623,731 $1,275,792 $347,939
2014 $18,057 $1,591,925 $1,250,801 $341,124
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P821247

California Regional Multiple Listing Service (CRMLS)

APN: 199-062-08