Active
$3,425,000
7 Units
3 Beds
2 Baths
5,394 Area(sq.ft.)
Lot: 5,873 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 4 | 1 | 1 | No | $ 1,913 | $ 7,650 | $ 2,750 |
| Unit 2 | 3 | 2 | 1 | No | $ 2,275 | $ 6,825 | $ 3,200 |
| 7 | 10 | 7 | $ 14,477 | $ 51,075 | $ 20,600 |
| MLS #: | PW25052344MR |
| Days On Market: | 36 |
| Listing Date: | March 10, 2025 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 635 |
| Price per unit: | $ 489,286 |
| Year Built: | 1963 |
Property Details
Discover a prime investment opportunity with these 7 multifamily units located just one block from Main Street in beautiful Seal Beach. This sought-after location offers easy access to an amazing beach and ocean, vibrant array of restaurants, shops, and the iconic Seal Beach Pier, all within walking distance. Ownership has actively maintained the property and boasts capital improvements that include a recent seismic retrofit of the carports enhancing the structural integrity of the building, SB721 compliance, while also being certified lead-based paint free providing peace of mind for all. With a diverse unit mix of (4) one-bedroom and (3) two-bedroom apartments, plus (9) dedicated parking spaces comprised of carports and open parking, this property is designed for modern living. The projected rental upside of 42% presents a lucrative opportunity for investors looking to maximize returns. Enjoy the benefits of a Walk Score of 92, highlighting the area's walkability, and relish the proximity to the beach, only 2 blocks away. Don t miss out on this exceptional investment in a highly desirable location!Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Gross Operating Income: | $ 169,769 |
| Total Annual Expense: | $ 61,815 |
| Net Operating Income: | $ 107,954 |
| Cap Rate: | 3.15% |
| Gross Rent Multiplier: | 19.57 |
Structure
| Community Features: | Biking, Dog Park, Park, Sidewalks |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Land Lease Type: | Fee |
Interior
| Heating: | Wall |
| Laundry: | Community |
| Laundry Equipment: | Own |
| Laundry Income: | 1320.00 |
Exterior
| Pool: | No |
Detailed Map
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