$2,399,000

1603 Electric Avenue Seal Beach, CA 90740

Beds: 0
Baths: 0.00
Sq Ft: 0
Type: Residential Income
MLS#: OC18114954
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Hi, Sevan Petrossian.

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and I have a question about 1603 Electric Avenue Seal Beach

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Estimated Monthly Payment

$5,051
Interest Rate %
Down Payment
5 year
15 year
30 year

No expense spared on this fully remodeled, 4 unit adorable beach complex just a few blocks from the crashing waves in Old Town Seal Beach. Great location and opportunity for investors seeking a strong and consistent ROI without the headaches associated with managing older units. This 4 unit complex is to be sold with the adjacent 3 units concurrently to same or different Buyer (1605 Electric Ave, see MLS ID#OC18113788). These are (2) individual parcels are separated by a common courtyard, laundry and 4 garages (2 garages for each parcel). The current owner recently took all units down to the studs and painstakingly renovated the entire complex while keeping the charming feel of the original beach bungalows. Recent renovations included electrical, plumbing, roof, heating system, drywall, insulation, windows, doors and landscape. Completely remodeled kitchens with new appliances, quartz counter tops, cabinets, sinks and fixtures. All new bathrooms, toilets, vanities, cabinets, fixtures and tile work. High quality gray laminate flooring throughout plus new paint, light fixtures, garage doors and shared laundry room. Nothing like them in Seal Beach and Units are fully occupied! All financial information in this package represents current leases in place and historical expenses. Financial information and list price in this listing is for 1603 Electric Ave only. These units may be financed separately to take advantage of multi-family interest rates., Directions Cross Streets: Seal Beach Blvd & Electric Ave

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DescriptionInterior & Exterior Features

Interior Features Include:

Ceiling Fan, Granite Counters, Recessed Lighting, Stone Counters, Tile Counters
Fireplace Description None
Rooms Main Floor Bedroom, Main Floor Master Bedroom, Walk-In Closet

Window Cov: Double Pane Windows

Heating:
Source Electric

Floor Type: Laminate, Wood


Exterior Features Include:

Acreage: 0.0700 Acres

Lot:
Description Level with Street, Park Nearby, Sprinkler System, Walkstreet
View City Lights, Neighborhood, Park Or Green Belt, Peek-A-Boo
Square Feet 3049
Waterfront Ocean Side Of Highway 1
Waterfront Type Ocean Side Of Highway 1

Roof: Composition

Exterior:
Foundation Raised

Garage Capacity: 2

Other Features Include:

Subdivision: Old Town (OLDT)

Water: Public

Pool: None

This Listing is Presented By
SLUECDEA

Sevan Petrossian

Cell: (818) 521-7309

Email: sevan@soldbysevan.com

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