NOT LISTED FOR SALE

617 Ocean Ave Seal Beach, CA 90740

5 Beds
5 Baths
4,008 Sq Ft
5,663 Sq Ft Lot

Last Sold April 29, 2022

Last sale price $3,900,000 $973 Per Sq Ft

39 Days on Market

Highlights

  • Ocean View
  • Wood Flooring
  • Hiking Trails
  • J. H. Mcgaugh Elementary School Rated A
  • Granite Countertops
  • 4-minute walk to Seal Beach Pier Playground

About This Home

As of April 2022

Prime location in the heart of Seal Beach on Ocean Avenue. Five spacious apartments consisting of (2) 2-bedrooms/1-bath and (3) 1-bedroom/1 bath units, 4 garages, outside storage and on-site coin operated laundry room. All units have ample closet space, front and back entrances, one or two attached patios, dual pane windows, plenty of natural light, upgraded kitchens with granite countertops, modern appliances, ceiling fans and A/C. 2 bedroom units are equipped with their own stackable washer/dryer. Owner lived on the premises and the building is kept in pristine condition w/beautiful landscaping. Award winning schools and walking distance to Old Town Main Street offering great eateries, lots of unique shops, movie theater and the famous Seal Beach Pier. Building is located across from the beach, minutes from local bike trails and nearby Marina. Easy access to Pacific Coast Hwy. and minutes from the 405, 605 and 22 freeways.

Last Agent to Sell the Property

Mona Hayes

HomeSmart Realty Group License #01887888 Listed on: 02/15/2022

HomeSmart Realty Group

Last Buyer's Agent

Kym Elder

Coldwell Banker Realty License #01320231

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 5,663 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Vinyl Fence
  • Block Wall Fence
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Garage Door Opener

Property Views

  • Ocean
  • Coastline

Home Design

  • Property Attached

Interior Spaces

  • 4,008 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Storage

Kitchen

  • Self-Cleaning Oven
  • Built-In Range
  • Range Hood
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Balcony

Utilities

  • Two cooling system units
  • Central Heating and Cooling System
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 9 / 6
  • Tax Tract Number 115
  • Assessor Parcel Number 19903215
  • $15,098 per year additional tax assessments

Community Details

Recreation

  • Park
  • Hiking Trails
  • Bike Trail

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters
  • Electric Expense $1,453
  • Gardener Expense $1,800
  • Insurance Expense $2,489
  • Trash Expense $3,023
  • Operating Expense $3,023
  • Net Operating Income $85,267

Additional Features

  • 5 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved
  • View: Yes
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 19903215
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Granite Counters, Storage
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Wood
  • Appliances: Yes
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 973.05
  • Room Type: Walk-In Closet

Exterior Features

  • View: Coastline, Ocean, Water
  • Fence: Yes
  • Fencing: Block, Vinyl
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear, Garage Door Opener
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Disposal, Microwave, Range Hood, Refrigerator, Self Cleaning Oven, Water Line to Refrigerator
  • Heating Type: Central, Wall Furnace
  • Laundry Features: Common Area, Gas & Electric Dryer Hookup, Individual Room, Outside
  • Sewer: Public Sewer
  • Trash Expense: 3023.00
  • Water Source: Public
  • Cooling: Central Air, Dual
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Hiking, Park, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5663.00
  • Lot Size Acres: 0.1300

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 1453.00
  • Gross Scheduled Income: 95295.00
  • Insurance Expense: 2489.00
  • Lot Size Area: 5663.0000 Square Feet
  • Net Operating Income: 85267.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Total: 5
  • Number With Carpet: 5
  • Number With Dishwasher: 5
  • Number With Disposal: 5
  • Number With Patio: 5
  • Number With Range: 5
  • Number With Refrigerator: 5
  • Operating Expense: 10028.00
  • Rent Control: No
  • Total Expenses: 3023.00

Tax Info

  • Tax Block: 6
  • Tax Census Tract: 995.11
  • Tax Lot: 9
  • Tax Tract Number: 115
  • TaxOtherAnnualAssessmentAmount: 15098.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
04/29/2022 04/29/22 Sold $3,900,000 0.0% $973 / Sq Ft
03/26/2022 03/26/22 Pending -- -- --
03/26/2022 03/26/22 For Sale $3,900,000 0.0% $973 / Sq Ft
02/19/2022 02/19/22 Off Market $3,900,000 -- --
02/19/2022 02/19/22 For Sale $3,900,000 0.0% $973 / Sq Ft
02/18/2022 02/18/22 Off Market $3,900,000 -- --
02/15/2022 02/15/22 For Sale $3,900,000 -- $973 / 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
2025 $46,769 $4,138,711 $3,976,470 $162,241
2024 $46,769 $4,057,560 $3,898,500 $159,060
2023 $45,743 $3,978,000 $3,822,058 $155,942
2022 $15,433 $1,231,079 $1,082,578 $148,501
2021 $15,093 $1,206,941 $1,061,351 $145,590
2020 $15,098 $1,194,566 $1,050,468 $144,098
2019 $14,654 $1,171,144 $1,029,871 $141,273
2018 $14,009 $1,148,181 $1,009,678 $138,503
2017 $13,716 $1,125,668 $989,880 $135,788
2016 $13,457 $1,103,597 $970,471 $133,126
2015 $13,297 $1,087,020 $955,893 $131,127
2014 $13,037 $1,065,727 $937,168 $128,559
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22030040

California Regional Multiple Listing Service (CRMLS)