NOT LISTED FOR SALE

229 6th St Seal Beach, CA 90740

3 Beds
2 Baths
4,938 Sq Ft
4,792 Sq Ft Lot

Last Sold August 31, 2022

Last sale price $3,160,000 $640 Per Sq Ft

11 Days on Market

Highlights

  • Beach Access
  • Open Floorplan
  • No HOA
  • J. H. Mcgaugh Elementary School Rated A
  • Contemporary Architecture
  • 2-minute walk to Electric Avenue Median Park

About This Home

As of August 2022

Great opportunity to own residential income property in the Heart of Old Town Seal Beach. This five unit, two story Mid-Century building is available for purchase for the first time in decades. The building consists of 5 very spacious apartments, (4) units 2 bed/1 bath and (1) 1 bed/1 bath. The building comes with 7 parking spaces and 1 attached garage, as well as a secure common area with coin-op laundry. All units have newer refrigerators and newer individual hot water heaters. 4 units have newer carpet and vinyl flooring, 3 have balconies. The roof was replaced in 2019. Conveniently located in the center of Old Town on a quiet residential street and just a short walk to Main Street where you can enjoy nearby Shops, Fine Restaurants, and Cafes in addition to easy access to the beach and Seal Beach Pier. Minutes from PCH and close to local freeways.

Last Agent to Sell the Property

Mona Hayes

Home Smart Realty Group License #01887888 Listed on: 07/07/2022

Home Smart Realty Group

Last Buyer's Agent

George Andrews

George Andrews, Broker License #02053178

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 4,792 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Block Wall Fence
  • Redwood Fence
  • Density is 2-5 Units/Acre

Parking

  • 1 Car Garage
  • 1 Open Parking Space
  • 6 Attached Carport Spaces
  • Parking Available
  • Tandem Covered Parking
  • Single Garage Door
  • Parking Lot
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Apartment
  • Flat Roof Shape
  • Interior Block Wall
  • Wood Siding
  • Stucco

Interior Spaces

  • 4,938 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Double Pane Windows
  • Blinds
  • Casement Windows
  • Sliding Doors
  • Living Room
  • Storage
  • Property Views

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Range Hood
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Leased Washer and Dryer

Accessible Home Design

  • Accessible Parking

Outdoor Features

  • Beach Access
  • Balcony
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Heating Available
  • Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 29 / 105
  • Tax Tract Number 115
  • Assessor Parcel Number 19902327

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • Old Town Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $520
  • Gardener Expense $600
  • Insurance Expense $2,300
  • Trash Expense $1,300
  • Water Sewer Expense $1,300
  • Operating Expense $6,020
  • Gross Income $900
  • Net Operating Income $96,508

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Price Per Unit: 680000
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Paved
  • Subdivision Name Other: Old Town (OLDT)
  • View: Yes
  • Water Sewer Expenses: 1300.00
  • Zoning: R3
  • Architectural Style: Contemporary
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 19902327
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Interior Amenities: Balcony, Block Walls, Ceiling Fan(s), Open Floorplan, Storage
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Tile, Vinyl
  • Accessibility Features: Parking
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Levels: Two
  • Price Per Square Foot: 639.94
  • Room Type: Kitchen, Living Room, Walk-In Closet
  • Window Features: Blinds, Casement Windows, Double Pane Windows

Exterior Features

  • Exterior Features: Rain Gutters
  • Fence: Yes
  • Fencing: Block, Redwood
  • Pool Private: No
  • Roof: Flat
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 6.00
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Attached Carport, Concrete, Garage, Garage - Single Door, Parking Space, Tandem Covered
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Cable Available, Electricity Available, Phone Available, Sewer Connected, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Oven, Electric Range, Electric Cooktop, Disposal, Range Hood, Refrigerator, Water Heater
  • Heating Type: Electric
  • Laundry Features: Common Area, Dryer Included, Individual Room, Outside, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 1300.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4792.00
  • Lot Size Acres: 0.1100

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 520.00
  • Gross Income: 900.00
  • Gross Scheduled Income: 102528.00
  • Insurance Expense: 2300.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 900.00
  • Lot Size Area: 4792.0000 Square Feet
  • Net Operating Income: 96508.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Number With Carpet: 5
  • Number With Disposal: 5
  • Number With Patio: 3
  • Number With Range: 5
  • Number With Refrigerator: 5
  • Operating Expense: 6020.00
  • Rent Control: No
  • Total Actual Rent: 8544.00
  • Total Expenses: 6020.00
  • Waterfront Features: Beach Access

Tax Info

  • Tax Block: 105
  • Tax Lot: 29
  • Tax Tract Number: 115

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
08/31/2022 08/31/22 Sold $3,160,000 -7.1% $640 / Sq Ft
07/19/2022 07/19/22 Pending -- -- --
07/07/2022 07/07/22 For Sale $3,400,000 -- $689 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22132904

California Regional Multiple Listing Service (CRMLS)