244 5th Street

Seal Beach, CA 90740

$3,188,000
Price
7
Beds
6
Baths
4,058 Sq. Ft.
$786 / Sq. Ft.
4,058
Sq. Ft.
$786
per Sq. Ft.

Description

Rare 6 unit apartment building with separate individual patios, upstairs unit has partial beautiful views of ocean/beach, laundry room, 5 parking spaces in rear of building with alley access (each unit except studio gets one parking space). Located on one of the prime locations in Seal Beach--across the street from parks, a few blocks to beach and Main Street shopping, Dining and Seal Beach Pier. Surrounded by custom homes provides the tenants in this building with high end Seal Beach living. Separate...Rare 6 unit apartment building with separate individual patios, upstairs unit has partial beautiful views of ocean/beach, laundry room, 5 parking spaces in rear of building with alley access (each unit except studio gets one parking space). Located on one of the prime locations in Seal Beach--across the street from parks, a few blocks to beach and Main Street shopping, Dining and Seal Beach Pier. Surrounded by custom homes provides the tenants in this building with high end Seal Beach living. Separate meters for the apartments with all remodeled units with laminated flooring & carpeting, newer paint, kitchens opened up to living rooms, with tenants staying long term. Long term pride of ownership and condition makes this worth considering. 5 parking spaces in rear. Owner will carry 2nd
  1. Listed by Larry Boren • DRE #00605203 • Brokerage DRE #00909780 • LB Brokerage, Inc • 562-900-3888

Property Details for 244 5th Street

Parking Spaces Total
5
Private Pool
No
Total Units
6.0
Building Type
Attached
Lot Size Source
Other
Living Area
4058
Assessor Parcel Number
199-023-04
Property Attached YN
true
LISTING UPDATED: 10/25/2024 10:08 AM

Property Details for 244 5th Street

StatusActive
MLS #PW24081333
Days on Market202
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1961
Lot Size0.10 AC / 4,409 SF
CountyOrange County

Building Information for 244 5th Street

Stories2Residences-Year Built1961Building Size-Lot Size0.10 AC / 4,409 SF

Property Information for 244 5th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $145,200
  • Gross Scheduled Income: $146,040
  • Vacancy Allowance Rate: 1
  • Net Operating Income: $85,440
  • Number Of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Income: $0
  • Laundry Income: $840
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $59,760
  • Gardener Expense: $660
  • Electric Expense: $480
  • Insurance Expense: $1,575
  • Professional Management Expense: $0
  • Trash Expense: $1,500
  • Water Sewer Expense: $1,500
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Tract Number: 115
  • Tax Lot: 44
Community / Development
Community / Development
  • Community Features: Curbs, Dog Park, Fishing, Street Lights, Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Laundry Equipment Own Lease: Own
Exterior Features
  • Entry Location: Side
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Parking Space, Private
  • Uncovered Spaces: 5
  • Open Other Spaces Total: 5
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Parking Space, Private
Property / Structure Info
  • Builders Tract Name: Old Town
  • Builders Tract Code: Old Town (OLDT)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,550
  • Unit Type Total Rent: $2,550
  • Unit Type Pro Forma: 2750
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,650
  • Unit Type Total Rent: $2,650
  • Unit Type Pro Forma: 2680
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,800
  • Unit Type Total Rent: $1,800
  • Unit Type Pro Forma: 1950
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,800
  • Unit Type Total Rent: $1,800
  • Unit Type Pro Forma: 1950
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,300
  • Unit Type Total Rent: $1,300
  • Unit Type Pro Forma: 1950
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,600
  • Unit Type Total Rent: $1,600
  • Unit Type Pro Forma: 1950
  • Unit Type Type: 6
Unit Information
  • Number Of Units Leased: 6
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1

Property History for 244 5th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 244 5th Street

Taxable ValueLand$363,724Additions$169,872Total$533,596
Tax Record2024$9,120 ($760 / month)
Home Facts
Total Finished SqFt4,058 SqFtAbove Grade Finished SqFt4,058 SqFtStories2Lot Size4,409 SqFtStyleMulti-Family Res (5+ Units)Year Built1961CountyORANGEAPN199-023-04

Schools near 244 5th Street

This home is within Los Alamitos Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Jack L. Weaver Elementary School
PublicK to 5

J. H. Mcgaugh Elementary School
PublicK to 5

Sharon Christa Mcauliffe Middle School
Public6 to 8

Los Alamitos High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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244 5th Street is a mixed use property for sale in Seal Beach, CA 90740. This property was listed for sale on April 25, 2024 by LB Brokerage, Inc, it's currently listed at $3,188,000. It has been on the market for a total of 202 days and was last sold on December 16, 2014. This listing's school district is Los Alamitos Unified School District. Nearby schools include Jack L. Weaver Elementary School, J. H. Mcgaugh Elementary School and Sharon Christa Mcauliffe Middle School. 244 5th Street is a 7-bed, 6-bath, 4,058 sqft mixed use property built in 1961.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LB Brokerage, Inc, Larry Boren, DRE #00605203

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.