
Seal Beach, California 90740
This triplex represents a High-Potential Investment Opportunity, listed at a List Price of $1,795,000—positioned well below the $1,870,626 Fair Market Value by 4%. This valuation gap offers $75,626 in Instant Equity. With a Condition Rating of 4, the property provides immediate rental income while offering room for cosmetic modernization. Featuring Greenbelt frontage and dedicated garage parking, this Residential Income Asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants seeking a strategic foothold in the high-demand Old Town Seal Beach market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1515 Electric Subject 0 bd · 0 ba · 2,002 sqft · $934 | $1,795,000* List Price | 0 | 0 | 2,002 | $934 | - |
A 320 14th Street Sold 0 bd · 0 ba · 1,728 sqft · $1,027 · 0.2 mi | $1,775,000 | 0 | 0 | 1,728 | $1,027 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1958, the property is well-maintained but dated. While it features upgraded windows, crown molding, and hardwood floors, the kitchens and bathrooms are significantly aged, featuring 1950s-style pink tile and older cabinetry. It is functional and move-in ready for tenants but requires cosmetic modernization to meet current market standards.
Elementary School: Jack L. Weaver Elementary School (9/10). High School: Los Alamitos High School (9/10).
Situated on a corner lot along the Electric Avenue Greenbelt in Old Town Seal Beach, the property offers exceptional walkability to Main Street, the pier, and the beach.
Each of the three units includes its own private single-car garage, providing a rare and highly valuable amenity in a high-density coastal neighborhood that enhances tenant desirability.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3920, other record lot size in square feet = 3786.
The building consists exclusively of one-bedroom, one-bathroom units, which may limit the potential tenant pool and restrict rental growth compared to properties with multi-bedroom configurations.
Originally built in 1958, the property may require more intensive long-term maintenance or capital improvements to aging systems despite recent cosmetic and window upgrades.
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.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 3.6 mi
Grades 6-8 • 5.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 6.0 |
| Square foot | 2,002 | 3,189.8 |
| Lot Size | 3,920 | 3,964 |
| Price | $1.79M | $2.41M |
| Price per sq ft | $897 | $847 |
| Built year | 1958 | 1963 |
| HOA | $0 | $0 |
| Days on market | 13 | 60 |
Oct 12, 2026
$1,795,000
Initial Listing
Apr 12, 2013
$1,050,000
Public Record