Seal Beach, CA 90740 244 5th Street
$2,888,000
11 more
Presented By: Larry Boren with LB Brokerage, Inc; 562-900-3888
- MLS# PW25045362
- 03/01/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 2
Baths • 1
SQFT • 4,058
Home Details
Rare 6 unit apartment building with separate individual patios, upstairs unit has partial beautiful views of ocean/beach, laundry room, 5 parking spaces in rear of building with alley access (each unit except studio gets one parking space). Located on one of the prime locations in Seal Beach--across the street from parks, a few blocks to beach and Main Street shopping, Dining and Seal Beach Pier. Surrounded by custom homes provides the tenants in this building with high end Seal Beach living. Separate meters for the apartments with all remodeled units with laminated flooring & carpeting, newer paint, kitchens opened up to living rooms, with tenants staying long term. Long term pride of ownership and condition makes this worth considering. 5 parking spaces in rear. Decks inspected and repaired with 5 year warranty per new law
Presented By: Larry Boren with LB Brokerage, Inc; 562-900-3888
Interior Features for 244 5th Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 244 5th Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CitySeal Beach
Community FeaturesCurbs, DogPark, Fishing, StreetLights, Suburban
CountyOrange
Current FinancingConventional
DirectionsPCH to 1st Street to Electric
Electric Expense480.0
Entry LocationSide
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income145200.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense1575.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCashToNewLoan
Lot Size Square Feet4409.0
Lot Size UnitsSquareFeet
MLS Area1A - Seal Beach
MobileHomeRemainsYNNo
Net Operating Income85440.0
New ConstructionNo
Number Of Units Total6
Number of Units Leased6
Open Parking Spaces5.0
Operating Expense59760.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Subdivision NameOld Town (OLDT)
Tax Lot44
Total Actual Rent12050.0
Trash Expense1500.0
Water Sewer Expense1500.0
Year Built1961
Year Built SourceOther
Exterior for 244 5th Street
Building Area Total4058.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixToTenUnitsAcre
Lot Size Acres0.1012
Lot Size Area4409.0
Lot Size SourceOther
Number of Buildings1
Number of Separate Electric Meters7
Number of Separate Gas Meters7
Number of Separate Water Meters1
Parking FeaturesPrivate, OneSpace
Private PoolNo
SpaNo
Total Parking5.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate