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1115 Ocean Ave, Seal Beach, California 90740, Seal Beach, 90740 - bed, bath

1115 Ocean Ave, Seal Beach, California 90740 home-pic-0
ACTIVE$1,895,000
1115 Ocean Ave, Seal Beach, California 90740
0Bed
0Bath
1,609Sqft
127,151,640Lot
Year Built
1948
Close
-
List price
$1.9M
Original List price
$1.98M
Price/Sqft
$1,178
HOA
-
Days on market
-
Sold On
-
MLS number
PW25065185
Home ConditionFair
Features
Good View: Ocean, Peek-A-Boo
Patio
ViewOcean, Peek-A-Boo

About this home

We found 3 Cons,6 Pros. Rank: price - $1.90M(50th), sqft - 1609(14th), beds - undefined(50th), baths - undefined(50th).

A Rare & Prime Property- 3 Units on Ocean Ave located in Old Town Seal Beach! This charming property is a block to the sand and the Ocean and just a few blocks to Main street where you'll find a variety of great restaurants, shops etc. The Front 1 bedroom/1 bath single level House (spacious at approx 751 sqft) offers a nice sized living room with dining area, large kitchen with eating area, a private laundry room plus a big private rear yard! The Back building has 2 units that each have 1 bedroom/1 bath & share a laundry room & small yard. The Top unit offers a peek-a-boo Ocean View from the spacious patio & from the Living room. Rear flat roof was recently replaced in August of 2024. Permit parking for the street available for tenants through the City of Seal Beach. Possibility for an additional ADU in the middle of the lot, check with City of Seal Beach to verify!

Nearby schools

8/10
J. H. Mcgaugh Elementary School
Public,•K-5•0.7mi
9/10
Jack L. Weaver Elementary School
Public,•K-5•3.7mi
8/10
Sharon Christa Mcauliffe Middle School
Public,•6-8•5.5mi
9/10
Los Alamitos High School
Public,•9-12•5.3mi

Price History

Date
Event
Price
04/10/20
Sold
$1,100,000
Condition Rating
Fair
Built in 1948, this triplex shows its age through dated interiors, particularly in the kitchens and bathrooms. While some updates like the bathroom's subway tile and some kitchen countertops/flooring are present, the appliances are older, cabinet styles are mixed and dated, and heating is via wall units. The property is functional and appears maintained, with a recent roof replacement (August 2024) being a significant positive. However, the overall aesthetic and features of the kitchens and bathrooms, along with other interior elements, are outdated and would require substantial modernization to meet current standards, aligning with a 'fair' condition.
Pros & Cons

Pros

Great Schools: Elementary School: Jack L. Weaver Elementary School (9/10). High School: Los Alamitos High School (9/10).
Prime Coastal Location: Situated on Ocean Ave in Old Town Seal Beach, just a block from the sand and ocean, and a few blocks from Main Street's shops and restaurants.
Income-Generating Triplex: A rare multi-unit property (3 units) in a highly desirable area, offering significant rental income potential.
ADU Development Opportunity: Potential for adding an Accessory Dwelling Unit (ADU) on the lot, which could further enhance income and property value.
Ocean Views: The top unit features desirable peek-a-boo ocean views from its spacious patio and living room.
Recent Capital Improvement: A new rear flat roof installed in August 2024, addressing a major maintenance item.

Cons

Property Age & Condition: Built in 1948, the property may require ongoing maintenance and updates beyond the recent roof replacement to modernize interiors and systems.
Limited Parking: Tenants rely on street permit parking, which can be less convenient than dedicated off-street parking.
Shared Facilities & Unit Size: Two of the units share laundry facilities and a small yard, and individual unit sizes are relatively modest, which could impact tenant desirability or rental rates.

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