1515 Electric
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 cafes, 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.
Broker Details
Ferguson Realty (562) 645-6501
MLS ID: PNATFERG State License Number: 01387196
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,795,000 |
| No. of Units: | 3 |
| Year Built: | 1958 |
| Opportunity Zone: | No |
| Price per unit: | $598,333 |
| Number of Bedrooms: | 3 |
| Number of Bathrooms: | 3 |
ID: 3yd-MRMLSCA-PW26218394
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