Est. cap rate

2.8%

Assumed rent, all units

$8,370/mo

Units

3

Price per unit

$598,333

Est. annual NOI

$50,220

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Triplex

Bedrooms

3

Building size

2,002 sqft

Lot size

3,920 sqft

Year built

1958

Stories

2

Garage spaces

3

Heating

None

Cooling

None

Pool

None

View

None

Status

Active

Days on market

5

MLS #

248018495

About this property

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.

Location

1515 Electric

Seal Beach, Orange, CA, 90740