NOT LISTED FOR SALE

907 Electric Ave Seal Beach, CA 90740

Estimated Value: $1,640,733

3 Beds
2 Baths
3,120 Sq Ft
$526/Sq Ft Est. Value

Last Sold August 19, 2014

Last sale price $830,000 $266 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $9,634/month

11 Days on Market

Highlights

  • Ocean Side of Highway 1
  • Property is near park and public transit
  • Courtyard Views
  • J. H. Mcgaugh Elementary School Rated A
  • No HOA
  • 4-minute walk to Electric Avenue Median Park

About This Home

As of August 2014

Mixed use property in the heart of Old Town in Seal Beach. Two blocks from the Pier and half way down Main Street at Electric. Currently a Beauty Salon and detached 2 bedroom Apt with a large private courtyard between them. ( Business not included) .So many possibilities like an Eatery ( w/ courtyard) , Surf/sports shop, florist etc.... Over 24 public parking spaces in front plus a double garage for this property. Tenants have been here over twenty years. Please do not disturb tenants.

Last Agent to Sell the Property

David Koffs

Luxre Realty, Inc. License #01358819 Listed on: 06/16/2014

Luxre Realty, Inc.

Co-Listed By

Debi Garcia-Benson

Coldwell Banker Realty License #00781667

Last Buyer's Agent

Debi Garcia-Benson

Coldwell Banker Realty License #00781667

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1942

Lot Details

  • 2,866 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Southwest Facing Home
  • Privacy Fence
  • Level Lot

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Clay Roof
  • Stucco

Interior Spaces

  • 3,120 Sq Ft Home
  • 2-Story Property
  • Courtyard Views

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Ocean Side of Highway 1
  • Exterior Lighting

Location

  • Property is near park and public transit
  • Suburban Location

Additional Features

  • Two Homes on a Lot
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, gas, janitorial service, repairs, trash collection, water
  • Legal Lot and Block 4 / 209
  • Tax Tract Number 117
  • Assessor Parcel Number 04311315

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • New Taxes Expense $1,620
  • Gross Income $1,450
  • Net Operating Income $14,580

Property Details

Home Type

Multi-Family

Year Built

Built in 1942

Lot Details

2,866 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Subdivision Name Other: Old Town (OLDT)
  • View: Yes
  • Property Type: Residential Income
  • Parcel Number: 04311315
  • Year Built: 1942
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Laminate, Carpet
  • Levels: Two
  • Price Per Square Foot: 266.03

Exterior Features

  • Direction Faces: Southwest
  • Other Structures: Two On A Lot
  • View: Courtyard
  • Fencing: Privacy
  • Pool Private: No
  • Roof: Clay
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Laundry Features: In Garage
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Lot Features: Level, Park Nearby, Near Public Transit
  • Lot Size Sq Ft: 2866.00
  • Lot Size Acres: 0.0660

Rental Info

  • Tenant Pays: Electricity, Gas, Janitorial Service, Repairs, Trash Collection, Water

Multi Family

  • Gross Income: 1450.00
  • Gross Scheduled Income: 17400.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 2866.0000 Square Feet
  • Net Operating Income: 14580.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Actual Rent: 17400.00
  • Waterfront Features: Ocean Side Of Highway 1, Ocean Side of Freeway

Tax Info

  • New Taxes Expense: 1620.00
  • Tax Block: 209
  • Tax Lot: 4
  • Tax Tract Number: 117
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2014
Closed on
Jun 27, 2014
Sold by
Bebek John
Bought by
Chu Phuong and Huynh Khanh
Seller's Agent
David Koffs
Luxre Realty, Inc.
Buyer's Agent
Debi Garcia-Benson
Coldwell Banker Realty
List Price
$819,000
Sold Price
$830,000
Premium/Discount to List
$11,000
1.34%
Current Estimated Value
$1,640,733

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$810,733
Avg. Annual Appreciation
6.05%
Original Mortgage
$400,000
Interest Rate
4.11%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 31, 2002
Sold by
Bebek Dominic L
Bought by
Bebek Dominic L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chu Phuong $830,000 Chicago Title Company
Bebek Dominic L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chu Phuong $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/19/2014 08/19/14 Sold $830,000 +1.3% $266 / Sq Ft
06/27/2014 06/27/14 Pending -- -- --
06/16/2014 06/16/14 For Sale $819,000 -- $263 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $12,051 $997,531 $841,295 $156,236
2024 $12,051 $977,972 $824,799 $153,173
2023 $11,775 $958,797 $808,627 $150,170
2022 $11,643 $939,998 $792,772 $147,226
2021 $11,390 $921,567 $777,227 $144,340
2020 $11,401 $912,118 $769,258 $142,860
2019 $11,066 $894,234 $754,175 $140,059
2018 $10,578 $876,700 $739,387 $137,313
2017 $10,361 $859,510 $724,889 $134,621
2016 $10,168 $842,657 $710,675 $131,982
2015 $10,040 $830,000 $700,000 $130,000
2014 $1,647 $60,058 $28,666 $31,392
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC14126012

California Regional Multiple Listing Service (CRMLS)

APN: 043-113-15

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