1102 Central AVE Seal Beach, CA 90740
Active
$5,850,000
9 Units
17 Beds
13 Baths
8,923 Area(sq.ft.)
9,191 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 3,213 | $ 3,213 | $ 3,800 |
| Unit 2 | 1 | 2 | 1 | No | $ 1,788 | $ 1,788 | $ 3,800 |
| Unit 3 | 1 | 1 | 1 | No | $ 2,450 | $ 2,450 | $ 2,800 |
| Unit 4 | 1 | 2 | 1 | No | $ 2,450 | $ 2,450 | $ 3,800 |
| Unit 5 | 1 | 2 | 1 | No | $ 2,211 | $ 2,211 | $ 3,800 |
| Unit 6 | 1 | 2 | 2 | No | $ 2,170 | $ 2,170 | $ 4,000 |
| Unit 7 | 1 | 2 | 2 | No | $ 3,152 | $ 3,152 | $ 5,000 |
| Unit 8 | 1 | 2 | 2 | No | $ 2,582 | $ 2,582 | $ 5,000 |
| Unit 9 | 1 | 2 | 2 | No | $ 3,000 | $ 3,000 | $ 3,500 |
| 9 | 9 | 17 | 13 | $ 23,016 | $ 23,015 | $ 35,500 |
| MLS #: | PW25042318MR |
| Days On Market: | 8 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 656 |
| Price per unit: | $ 650,000 |
| Year Built: | 1969 |
Property Details
Rare Opportunity in Seal Beach's Coveted Old Towne - Pride of Ownership Asset! A rare opportunity to own a truly exceptional, generational pride of ownership property in Old Towne Seal Beach, one of Southern California's most desirable beach communities. Located just two blocks from the Ocean, Seal Beach Pier, and the charming boutiques and cafes of Seal Beach's iconic Main Street, this property offers an unbeatable location. Offered for the first time in over 30 years, the portfolio consists of two separate parcels at 1102-1106 Central Ave. and 144 11th Street, encompassing 8,923 rentable square feet on a 9,191 square foot lot. The property includes 9 well-maintained units: (3) 2-Bed | 1.5-Bath Units, (4) 2-Bed | 1-Bath Units, (1) 2-Bed | 2-Bath Unit, (1) 1-Bed | 1-Bath Unit. Additionally, the property features 9 single-car garages, providing ample parking and potential for future ADU conversions. The 1102-1106 Central Ave. building consists of 3 units: two spacious 2-bed | 1.5-bath townhouse units (approx. 1,300 sq. ft. each) and a large 2-bed | 1.5-bath unit above the garages. The 144 11th Street building includes 6 units: (4) 2-bed | 1-bath units, (1) 2-bed | 2-bath unit, and (1) 1-bed | 1-bath unit. Both buildings have been meticulously maintained, with a complete re-roof in 2021, including new roof drains. With little deferred maintenance, this property offers over 40% upside potential in rental income. Don t miss out on this rare opportunity to own a pride of ownership asset in one of Southern California s most sought-after beach communities.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 0 |
| Net Operating Income: | $ 276,185 |
| Actual Gross Rent: | $ 23,015 |
Structure
| Community Features: | Sidewalks |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Land Lease Type: | Fee |
| Parking Garage: | Assigned |
Interior
| AC/Cooling: | None |
| Heating: | Radiant |
| Fireplace Rooms: | None |
| Laundry: | Community |
| Laundry Equipment: | Lease |
| Laundry Income: | 165.00 |
Exterior
| Pool: | No |
Detailed Map
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