905 Ocean Avenue

Seal Beach, CA 90740

$2,200,000
Price
2
Beds
3
Baths
2,064 Sq. Ft.
$1,066 / Sq. Ft.
2,064
Sq. Ft.
$1,066
per Sq. Ft.

Description

Charming Mixed-Use Property in Seal Beach, CA - First Time on the Market in 25 Years! Presenting 905 Ocean Ave., a unique mixed-use property perfectly positioned in the heart of Seal Beach, CA. This versatile property, built in 1946, offers bothcommercial and residential opportunities, making it an exceptional investment in one of Southern California's most desirable coastal communities. The property features a storefront unit currently occupied by the beloved Bogart's Coffee Shop, a local favorite...Charming Mixed-Use Property in Seal Beach, CA - First Time on the Market in 25 Years! Presenting 905 Ocean Ave., a unique mixed-use property perfectly positioned in the heart of Seal Beach, CA. This versatile property, built in 1946, offers bothcommercial and residential opportunities, making it an exceptional investment in one of Southern California's most desirable coastal communities. The property features a storefront unit currently occupied by the beloved Bogart's Coffee Shop, a local favorite that has been serving the community from this locationfor over 20 years. Behind the caf, you'll find two well-maintained apartment units, offering a total of 2,064 square feet of living and commercial space spread across twobuildings on a 2,750 square foot lot. This prime location is directly across the street from the iconic Seal Beach Pier, giving it unparalleled visibility and foot traffic, especially with the area's strong touristappeal. The property is also part of Seal Beach's Main Street Specific Plan, which preserves the unique charm of the Old Town corridor, known for its eclectic mix ofshops, restaurants, and entertainment. Additional features include a two-car garage, a convenient laundry room, and the rare distinction of being one of the few buildings in this historic area that faces boththe beach and the ocean. Whether you're looking to continue running it as an income-generating investment property or occupy one of the residential units whileenjoying rental income from the commercial space and the other apartment, this property offers endless possibilities. Priced at $2,200,000, this is a rare opportunity to own a piece of Seal Beach history and become part of a vibrant, thriving community.
  1. Listed by David Estrada • DRE #01989906 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 905 Ocean Avenue

Zoning
Main Street Specific Plan
Cross Streets
Main St. and Ocean Ave.
Parcel Number
19904420
Total Units
3.0
Living Area
2064
Source Living Area
Estimated
Area
Seal Beach (1A)
Vacancy Rate
0
LISTING UPDATED: 09/20/2024 09:47 AM

Property Details for 905 Ocean Avenue

StatusActive
MLS #24-441920
Days on Market127
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1946
Lot Size0.06 AC / 2,750 SF
CountyOrange County

Building Information for 905 Ocean Avenue

Stories2Residences-Year Built1946Building Size-Lot Size0.06 AC / 2,750 SF

Property Information for 905 Ocean Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: MF & Retail
  • View: Yes
  • View Description: Ocean
  • View: Ocean
  • Security Features: None
  • Direction Faces: South
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $99,516
  • Net Operating Income: $63,059.00
  • Gross Income: $99,516
  • Cap Rate: 2.87%
  • Gross Rent Multiplier: $22.11
  • Actual Annual Gross Rent: $99,516.00
  • Actual Gross Annual Income: $99,516
  • Monthly GrossI Income: $5,255.00
  • Actual Rent Total: $99,516.00
  • Financial Info as Of: 09/19/2024
  • Total Annual Expense: 36457
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Additional Parcel Number: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.06
  • Lot Size Square Feet: 2750
  • Lot Description: 2-4 Lots
  • Lot Location: Alley Access, Beach Access, Ocean Front, Ocean Access
Parking Details
Parking Details
  • Parking Garage: Garage Is Attached
  • Total Parking: 0
  • Garage Spaces Total: 2
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Equipment: None
  • Common Walls: Attached
  • Laundry: Outside
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-19-2024
  • Tenant Pays: Electricity, Gas, Water, Trash Collection
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,550.00
  • Unit Actual Rent: $2,550.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,438.00
  • Unit Actual Rent: $1,438.00
  • Unit Projected Rent: $2,250.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $4,305.00
  • Unit Actual Rent: $4,305.00
  • Unit Projected Rent: $5,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Tax Rate: 1.10%
  • Assessed Improvement Value: $246,436.00
  • Assessed Improvement Percent: 29.43
  • Assessed Land Value: $590,925.00
  • Assessed Land Percent: 70.57
  • Assessed Total Value: $837,361.00

Property History for 905 Ocean Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 905 Ocean Avenue

Taxable ValueLand$602,744Additions$251,364Total$854,108
Tax Record2024$12,054 ($1,004 / month)
Home Facts
Total Finished SqFt1,768 SqFtAbove Grade Finished SqFt1,768 SqFtStories1Lot Size2,750 SqFtStyleStoresYear Built1946CountyORANGEAPN199-044-20

Schools near 905 Ocean Avenue

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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905 Ocean Avenue is a multi-family home for sale in Seal Beach, CA 90740. This property was listed for sale on August 16, 2024 by Marcus & Millichap, it's currently listed at $2,200,000. It has been on the market for a total of 127 days and was last sold on July 2, 1999. 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. 905 Ocean Avenue is a 2-bed, 3-bath, 2,064 sqft multi-family home built in 1946.

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. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Marcus & Millichap, David Estrada, DRE #01989906

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.