$146,500 to live in Seal Beach, CA?! How is that possible!?Seal Beach, California is a destination spot for many not only for vacation, but for growing a family and retiring couples. Seal Beach, Ca is also known as an expensive place to live! However, there is a little un-known secret in Seal Beach where is is possible to buy a home for $146,500. Seal Beach is located just South West of the junction of the 405 and 605 Freeways this little beach town offers extreme convenience to some of the major freeways in and around Southern California. Not too many beach cities can boast about that. In addition to the great freeway access the schools are top notch! The City of Seal Beach sits within the attendance boundaries of the Los Alamitos Unified School District. A district with more awards and accolades than almost any other school district in Orange County. In fact, the top elementary school, Weaver Elementary, is in the Los Alamitos Unified School District. Don’t want or need the schools? How about a small quaint award winning Main street? With amazing shops and restaurants such as Walt’s Wharf, Avila’s El Ranchito and Paradise Ice Cream shop. All of this is can be found within The City of Seal Beach, including a place to live for $146,500.
So where would I live if I bought a place for $146,500 in Seal Beach, CA?You would live in Leisure World, Seal Beach. Leisure World is a retirement community situated in the City of Seal Beach. Leisure World is home to about 9,000 residents and the Leisure Worldcommunity covers 533 acres, or roughly 1 square mile. This guard gated community is for seniors ages 55+ and features a 9 hole golf course, a swimming pool, an outdoor amphitheater, a medical center, a pharmacy, multiple clubhouses, multiple churches and more. Leisure World residents are part of a co-op as explained below.
- Cooperative housing refers to the cooperative ownership of the Mutual’s property by members who are shareholders in the Corporation. Ownership of the stock may be inherited, transferred or sold, with the approval of the Corporation’s Board of Directors. The co-ops were developed with FHA guaranteed 40-year loans. In accordance with Section 51.3 of the California Civil Code, effective January 1, 1985, at least one person occupying a unit must be 55 years of age to qualify for occupancy. Co-occupants must be at least 45 years of age except if a spouse or a medical or financial care provider.