308 13th Street, Seal Beach, California 90740, Seal Beach, - bed, bath

home-pic
ACTIVE$2,949,000
308 13th Street, Seal Beach, California 90740
0Bed
0Bath
4,000Sqft
5,001Lot
Year Built
1915
Close
-
List price
$2.95M
Original List price
$2.98M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC24117262
Home ConditionExcellent
Features
Good View:
Deck
View-

About this home

Nestled in the heart of Seal Beach, 308 13th St. offers two fully remodeled residences on one large double lot property. Both units feature new flooring, appliances, kitchens, bathrooms, HVAC systems, water heaters, and fresh paint inside and out. The rear house boasts a spacious open floor plan with 3 bedrooms, 2 baths, a walk-in closet, and a charming fireplace. Additionally, two massive 2-car garages provide convenience for both houses. The front house is a cozy single-story beach cottage with 3 bedrooms, 2 baths, and a delightful porch overlooking a sizable yard, perfect for leisure or outdoor dining. The rear house extends upwards with three stories, culminating in a roof deck offering panoramic views. New Pictures Coming Soon! This property promises passive income of $11,000 per month when fully occupied, thanks to recent extensive remodeling and meticulous upkeep. Leases will be transferred to the new owner with 2 years remaining. The property also includes plans for two new houses, providing investors with an opportunity for future development. For all prospective buyers, 308 13th St. represents an exceptional investment in the vibrant Seal Beach community.

Nearby schools

8/10
J. H. Mcgaugh Elementary School
Public,K-50.4mi
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
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (6 Listings)
Beds00
Baths00
Square foot4,0002,240
86%
Lot Size5,0012,723
86%
Price$2.95M$1.85M
57%
Price per square foot$737$803
14%
Built year19151944
14%
HOA
Days on market506147
86%
Condition Rating
Excellent

The property consists of two fully remodeled residences, including new flooring, appliances, kitchens, bathrooms, HVAC systems, and water heaters. Given the extensive remodeling and the inclusion of modern amenities, the condition is excellent, despite the year built being 1915.
Pros & Cons

Pros

Income Potential: The property offers a significant passive income stream of $11,000 per month when fully occupied, making it an attractive investment opportunity.
Extensive Remodeling: Both residences have been fully remodeled with new flooring, appliances, kitchens, bathrooms, HVAC systems, and water heaters, reducing immediate maintenance concerns.
Development Potential: The property includes plans for two new houses, providing investors with an opportunity for future development and increased value.

Cons

Year Built: Built in 1915, the property may have underlying structural issues or require updates to meet modern building codes, despite recent renovations.
Lease Transfer: The property has existing leases that will be transferred to the new owner, which may limit flexibility in rent adjustments or property usage in the short term.

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