RealKey
‪(213) 433-7766‬

1515 Electric Avenue, Seal Beach, California 90740, Seal Beach, 90740 - bed, bath

1515 Electric Avenue, Seal Beach, California 90740 home-pic-0
ACTIVE$2,250,000
1515 Electric Avenue, Seal Beach, California 90740
0Bed
0Bath
2,002Sqft
3,920Lot
Year Built
1954
Close
-
List price
$2.25M
Original List price
$2.25M
Price/Sqft
$1,124
HOA
-
Days on market
-
Sold On
-
MLS number
NP25140104
Home ConditionFair
Features
Good View:
View-

About this home

We found 3 Cons,6 Pros.

Premium Old Town Triplex | 3 × 1-Bed / 1-Bath Units Live the coastal dream—or invest in it. Situated on a prime 4,144 square foot corner lot with over 100 feet of lush Green Belt frontage, this beautifully maintained triplex offers strong rental upside in the heart of vibrant Old Town Seal Beach. Each of the three 1-bedroom, 1-bath units features a bright, functional layout with large closets, upgraded windows, window coverings, and a private single-car garage. The kitchens are well-equipped, and thoughtful updates throughout include custom built-ins, garden windows, crown molding, tile, and ceiling fans. A shared laundry room—provided free to tenants—enhances long-term appeal and ease of management. Located just steps from the beach, pier, and charming Main Street, this exceptional investment benefits from Seal Beach’s walkable lifestyle, tight-knit community, and top-rated schools. The adjacent Green Belt and coastal surroundings provide a tranquil, highly desirable setting that continues to attract long-term tenants. With under-market rents, stable occupancy, and classic Old Town charm, 1515 Electric Avenue is an ideal opportunity for investors seeking location, potential, and dependable income. Property may be shown upon seller’s review of an offer.

Nearby schools

8/10
J. H. Mcgaugh Elementary School
Public,•K-5•0.5mi
9/10
Jack L. Weaver Elementary School
Public,•K-5•3.6mi
8/10
Sharon Christa Mcauliffe Middle School
Public,•6-8•5.4mi
9/10
Los Alamitos High School
Public,•9-12•5.2mi

Price History

Date
Event
Price
06/24/25
Listing
$2,250,000
04/12/13
Sold
$1,050,000
Condition Rating
Fair
The property was built in 1954, making it 70 years old. While the description states it is 'beautifully maintained' with 'thoughtful updates' including upgraded windows, custom built-ins, crown molding, and tile, there are no specific dates provided for these renovations, nor are there any interior images to assess the condition of the kitchens, bathrooms, flooring, or appliances. The listing explicitly notes the property's age as a potential weakness for future capital expenditures on major systems (roof, plumbing, electrical). Without visual confirmation of recent, extensive renovations to key areas like kitchens and bathrooms, and given the age of the core structure, it aligns with a 'Fair' condition. It's maintained and functional, but likely shows signs of being outdated in certain areas and may require minor updates or repairs, with major components being functional but aged.
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 & Walkability: Situated in the heart of vibrant Old Town Seal Beach, just steps from the beach, pier, and charming Main Street, offering an exceptional walkable lifestyle highly attractive to tenants.
Strong Investment Potential: A premium triplex with three 1-bed/1-bath units, featuring strong rental upside due to under-market rents and stable occupancy, making it an ideal opportunity for dependable income.
Desirable Corner Lot with Green Belt Frontage: Located on a prime 4,144 square foot corner lot with over 100 feet of lush Green Belt frontage, providing enhanced privacy, open space, and a tranquil setting.
Well-Maintained & Updated Units: The triplex is beautifully maintained with thoughtful updates throughout, including upgraded windows, custom built-ins, crown molding, and well-equipped kitchens, suggesting lower immediate capital expenditure.
Excellent Community & School District: Benefits from Seal Beach’s tight-knit community and access to top-rated schools (ratings 8-9), which is a significant draw for long-term residents and families.

Cons

Age of Property & Potential Future CapEx: Built in 1954, despite being maintained and updated, the property's age may lead to significant future capital expenditures for major systems (e.g., roof, plumbing, electrical) not explicitly detailed as recently replaced.
Limited Unit Configuration: All three units are 1-bedroom, 1-bathroom, which could limit the potential tenant pool and rental income growth compared to properties offering a mix of larger unit sizes.
Lack of Specific Major System Upgrade Details: While general updates are mentioned, the description lacks specific information regarding the age or last upgrade of critical building systems like HVAC (if applicable), roof, or main plumbing/electrical, which could represent unknown future expenses for a buyer.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state