1216 Ocean Avenue

    Seal Beach, CA 90740
    • $2,100,000
    • STATUS: Active Under Contract
    • ON SITE: 88 days
    • ID#: PW20004960
    Under Contract
    UPDATED: 66 min ago
    $2,100,000
    • 0
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,559
      SQFT
    • $821
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1948
    County:

    School Ratings & Info

    Description

    Spectacular, Prime trophy property located only 1 lot from the sand & ocean & a few short blocks to downtown Main St & the pier. Enjoy Ocean VIEWS from this prime property + 1 garage, 1 parking space and storage area. The front single story building consists of 4 units= 1bd/ba & 1 of the units has a view from the bedroom & 2 offer views from their patio area. The rear sfr (per county) building is being used as 2 units. The lower unit is a 2bd/1ba with a huge deck with big views, a spacious living room and dining area with lots of storage off the kitchen. The upper unit is truly a gem with 1 large bedroom and bath, light and bright living room, updated kitchen and it also has a huge private deck with big Ocean views! Located on an oversized corner lot 37 ft wide (per realist tax). Prime "Old Town" Seal Beach location. A few short blocks to downtown Main St with a variety of great restaurant and shops & the Pier with play area.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-08T20:31:56.587. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.

    www.bestlahomefinder.com/homes/102216205

    1216 Ocean Avenue Seal Beach, CA 90740

    • Price: $2,100,000
    • Status: Active Under Contract
    • Updated: 66 min ago
    • ID#: PW20004960
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    2,559
    SQFT
    $821
    $/SQFT
    1948
    Built
    Neighborhood:
    Old Town (Oldt)
    County:
    Orange
    Area:
    1A - Seal Beach
    Property Description
    Spectacular, Prime trophy property located only 1 lot from the sand & ocean & a few short blocks to downtown Main St & the pier. Enjoy Ocean VIEWS from this prime property + 1 garage, 1 parking space and storage area. The front single story building consists of 4 units= 1bd/ba & 1 of the units has a view from the bedroom & 2 offer views from their patio area. The rear sfr (per county) building is being used as 2 units. The lower unit is a 2bd/1ba with a huge deck with big views, a spacious living room and dining area with lots of storage off the kitchen. The upper unit is truly a gem with 1 large bedroom and bath, light and bright living room, updated kitchen and it also has a huge private deck with big Ocean views! Located on an oversized corner lot 37 ft wide (per realist tax). Prime "Old Town" Seal Beach location. A few short blocks to downtown Main St with a variety of great restaurant and shops & the Pier with play area.
    Exterior Features

    Garage Spaces 1.00 Lot Features 0-1 Unit/AcreCorner Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Total 2.00 Pool Features None Pool Private YN No Property Attached YN No View CoastlineOceanSee RemarksWater View YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features None Levels Multi/Split

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 3.10 Community Features Sidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 390.00 Gross Income 108600.00 Gross Multiplier 19.30 Gross Scheduled Income 108600.00 Insurance Expense 1423.00 Land Lease YN No Laundry YN No Licenses Expense 223.00 Net Operating Income 65160.00 New Construction YN No New Taxes Expense 24480.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 43440.00 Operating Expense Percent 40.00 Professional Management Expense 945.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Trust Subdivision Name Other Old Town (Oldt) Total Actual Rent 9050.00 Total Expenses 43440.00 Trash Expense 0.00 Water Sewer Expense 4570.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Louis Mannone of Realty One Group West


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-08T20:31:56.587. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.

     
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