244 5th Street, Seal Beach, California 90740, Seal Beach, - bed, bath

home-pic
ACTIVE$2,795,000
244 5th Street, Seal Beach, California 90740
0Bed
0Bath
4,058Sqft
4,409Lot
Year Built
1961
Close
-
List price
$2.79M
Original List price
$3.19M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25045362
Home ConditionFair
Features
Good View:
Deck
Patio
View-

About this home

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. Decks inspected and repaired with 5 year warranty per new law

Nearby schools

8/10
J. H. Mcgaugh Elementary School
Public,K-50.8mi
9/10
Jack L. Weaver Elementary School
Public,K-53.4mi
8/10
Sharon Christa Mcauliffe Middle School
Public,6-85.2mi
9/10
Los Alamitos High School
Public,9-125.1mi

Price History

Date
Event
Price
09/09/25
Price Change
$2,795,000
03/01/25
Listing
$3,188,000
Condition Rating
Fair

The property was built in 1961, making it over 60 years old. While the listing description mentions 'remodeled units with laminated flooring & carpeting, newer paint, kitchens opened up to living rooms,' the provided kitchen image reveals a renovation that is significantly dated. The kitchen features laminate countertops, older white appliances (refrigerator, gas range), basic white cabinets with wood trim, and a simple tiled backsplash. These elements suggest a renovation that likely occurred 15-30 years ago, or a very budget-conscious update that did not incorporate modern styles or materials. There are no images of the bathrooms, but it's reasonable to assume they would be of a similar vintage or style. The exterior appears maintained but also shows its age with older window frames. The property is functional and appears well-maintained, but requires substantial aesthetic updates, particularly in the kitchen, to meet current market expectations, thus placing it in the 'Fair' category.
Pros & Cons

Pros

Prime Coastal Location: Situated in a highly desirable Seal Beach location, across from parks, blocks from the beach, Main Street shopping, dining, and the pier, offering exceptional tenant appeal and walkability.
Income-Generating Multi-Unit Property: A rare 6-unit apartment building with separate meters and a history of long-term tenants, indicating stable occupancy and strong income potential.
Renovated Interiors & Amenities: All units feature remodeled interiors with laminated flooring, carpeting, newer paint, opened-up kitchens, individual patios, and a shared laundry room, enhancing tenant satisfaction and rental value.
Dedicated Parking & Alley Access: The property includes 5 parking spaces in the rear with convenient alley access, a significant advantage in a dense coastal community.
Desirable Neighborhood & Views: Surrounded by custom homes, the property offers a high-end living environment, with the upstairs unit boasting partial ocean and beach views.

Cons

Significant Price Reduction: The property has undergone a substantial price reduction from its original listing, which may suggest initial overpricing or market resistance.
Building Age: Constructed in 1961, the building is over 60 years old, potentially leading to higher long-term maintenance costs for core systems despite recent renovations and deck repairs.
Limited Parking for All Units: With 5 parking spaces for 6 units, the studio unit (and potentially another) does not have dedicated parking, which could be a drawback for some tenants.

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