1515 Electric, Seal Beach, CA 90740

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List Price
$1,795,000
Status
COMING SOON
MLS#
PW26218394
Year Built
1958
Lot Size
3,920
Acres
0.09
Lot Location
0-1 Unit/Acre
Days on Market
2
Property Type
Multifamily
Property Sub Type
Triplex
Stories
Two Levels
Neighborhood
Old Town (Oldt)

Property Description

Three residences. Three private garages. A corner location along the Electric Avenue Greenbelt. At 1515 Electric Avenue in Old Town Seal Beach, this triplex brings together existing rental income and the everyday appeal of coastal Orange County. The approximately 2,002-square-foot building contains three one-bedroom, one-bathroom residences, each with its own single-car garage. The property offers bright, functional layouts with large closets, upgraded windows and window coverings. Interior details include custom built-ins, garden windows, crown molding, tile accents and ceiling fans. Kitchens include electric cooking appliances, refrigerators and disposals. A shared laundry room is available to residents at no charge. The Greenbelt setting is a defining feature of this property, placing an established neighborhood walking route alongside the corner lot. Nearby, Main Street’s independent shops, restaurants and cafés, the Seal Beach Pier and the Pacific shoreline connect the address to the coastal destinations that shape daily life in Old Town. Dedicated garage parking and on-site laundry complement that location with practical amenities for residents. Reported rents total $6,022 per month, or $72,264 annually, across the three occupied residences. Buyers can assess future rental potential using the current income, property condition and comparable local rents, with any changes subject to existing tenancies and applicable requirements. For buyers seeking a Seal Beach multifamily investment, 1515 Electric Avenue offers a clear combination: three one-bedroom residences, a garage for every unit, established rental income and Greenbelt frontage in Old Town.

Additional Information

Appliances
Electric Cooktop, Electric Oven, Disposal, Refrigerator
Pool Description
None
Heat
None
Cooling Description
None
View
None
Garage Spaces Total
3
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
3
Gross Scheduled Income
$72,264
Operating Expense
6135

Listing courtesy of Listing Agent: Nat Ferguson (nat@splashrealtygroup.com) from Listing Office: Splash Real Estate.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.