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Keith Nichols

Keith Nichols
Sells Orange County
Huntington Beach, CA

Contact Me
DRE #01050395

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Listing 10 out of 37
$1,475,000 For Sale

509 Electric Avenue
Seal Beach, CA 90740

3 units | Multi Family Home
4021 sq ft lot - MLS# PW19095989
Property Photo


One of the sweetest small residential income properties in Old Town, Seal Beach on the desirable northwest side of town. Each cottage faces a lovely park with gorgeous old shade trees. Two have a fireplace. Family owned for about 30 years. One cottage has a private patio garden area and the other two have a generous green yard. Over the years some upgrades were done and the owner has completed upgrading all three homes. One block to Pacific Coast Highway, two blocks to the Pacific Ocean, the Old Town pier and Main Street. Seal Beach offers the best of all possibilities: Less than 2 miles to the I-405/605/22 Interchange; Blue-ribbon schools; Old Town village walking atmosphere; a warm, family town; 1-mile stretch of the City's own beautiful beach; Smallest supply of rentals in an OC town and the biggest demand; Most of Old Town consists of custom property homeowners; The best annual car show, Christmas & Easter parades; Music in the park at the beach all summer. And the best value offered in town! Owner has renewed the listing with major reconsideration. You will love the tenants. See the video:


  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 90740
  • Year Built: 1980
  • Subdivision/Neighborhood: Old Town (Oldt)
  • Style: Craftsman
  • Stories: One
  • Units: 3 units
  • Fireplace: Electric, Yes
  • Lot Size: 4021 sq ft lot
  • Accessibility: See Remarks
  • View: Park/Greenbelt,Trees/Woods, Yes
  • Waterfront: Ocean Side Of Highway 1
  • Zoning: RHD20
  • Area: 1A - Seal Beach
  • Appliances: Free-Standing Range, Gas Range, Gas Water Heater, Refrigerator, Water Heater
  • Appliances YN: Yes
  • Average 1 Bed Area: 420
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 1300.00
  • Building Area Units: Square Feet
  • Common Walls: 1 Common Wall
  • Community Features: Biking, Curbs, Park, Watersports, Sidewalks, Street Lights
  • Construction Materials: Drywall Walls, Frame
  • Cooling: Wall/Window Unit(s)
  • Cooling YN: Yes
  • Country: US
  • Direction Faces: Northeast
  • Directions: Going South on PCH, turn right on 5th St. to the parcel from corner between 5th x 6th St.
  • Door Features: French Doors
  • Electric: Electricity - On Property, Standard
  • Electric Expense: 1500.00
  • Entry Level: 1
  • Entry Location: 1
  • Exterior Features: TV Antenna
  • Fence YN: Yes
  • Fencing: Block, Good Condition, Wood
  • Flooring: Tile, Wood
  • Foundation Details: Raised
  • Gardener Expense: 960.00
  • Gross Income: 69600.00
  • Gross Scheduled Income: 69600.00
  • Heating: Wall Furnace, Electric, Fireplace(s)
  • Heating YN: Yes
  • Inclusions: Owner has 1 wall furnace, 3 stoves, 2 refrigerators, 1 plus a wall a/c unit. Two units heated by a fireplace.
  • Insurance Expense: 2544.00
  • Interior Features: Tile Counters, Unfurnished
  • Laundry Features: Gas & Electric Dryer Hookup, Inside, Stackable
  • Laundry YN: Yes
  • Listing Agent License: 00606813
  • Listing Office License: 00606813
  • Lot Dimensions: 4088
  • Lot Features: Garden, Greenbelt, Landscaped, Lawn, Level with Street, Near Public Transit, Park Nearby, Sprinkler System, Yard
  • Lot Size Area: 4021.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 60192.00
  • New Taxes Expense: 17000.00
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 2
  • Number Wall AC: 1
  • Number With Disposal: 3
  • Number With Patio: 1
  • Number With Range: 3
  • Number With Refrigerator: 2
  • Operating Expense: 9408.00
  • Other Structures: Shed(s)
  • Property Attached YN: Yes
  • Property Condition: Updated/Remodeled
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Maintained, Paved
  • Roof: Composition
  • Room Type: All Bedrooms Down, Kitchen, Laundry
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Sewer: Public Sewer
  • Stories Total: 1
  • Total Actual Rent: 5800.00
  • Total Expenses: 24128.00
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Underground Utilities, Water Connected
  • Water Source: Public
  • Window Features: Screens, Wood Frames
  • Year Built Source: See Remarks
Courtesy of Seaquest Ventures Realty, Cynthia Metzger

Keith Nichols | 714-417-1363 | Contact Me
Huntington Beach, CA 92646
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