48 Riversea Rd 48, Seal Beach, CA 90740

Property Description

Last available water view lot in Seal Beach Shores. Current renovation, One Bedroom, One Bath unit or bring in new home (we have financing available for this!). Great eclectic seaside community located in Seal Beach with great Schools, you can ride bikes to a Quaint Downtown area with Shopping, a boat harbor & Beach access. Great Water View Sunsets! Safe & friendly neighborhood 2 blocks from the Beach. Ownership includes rights to live at 48 Riversea Road & Share of Community (Resident Owned Community).This park is 125 units and the park is owned by the residents in co-op ownership. $642 Monthly Assessment includes Property Tax, Community Mortgage, Maintenance, Water & Trash Utility Payment. Great opportunity to live in Seal Beach at a great price with low property taxes! Association dues also pay for mortgage that is part of the Association's purchase of the land so they are about 70% tax deductible as mortgage interest. Each resident is a 1/125 owner of the land vis-a-vis Seal Beach Shores' ownership. No purchase restrictions. Why pay a $1,500,000 purchase price and $12,000 annually in property taxes for the property across the street when you can live at 48 Riversea Road for $389,900? Best coastal value in Southern California!