Extremely rare opportunity to own an 8 unit apartment in the highly sought after coastal community of Seal Beach, Orange County. The Seal Beach lifestyle offers award winning school districts and exceptional recreation and life-style opportunities. This equates to a strong rental market. This property has 5 one bedroom/one bath units, 2 two bedroom/1 bath units, and 1 three bedroom/one bath unit. Most tenants are long term residents. Actual rents total $16,899 per month which equals a 15.5 GRM. Potential rents based on the average RentOmeter analysis equals $23,460 per month, for a 11.2 GRM. This could be a potential 38% increase over current rents. The property also has four coveted enclosed garages rented separately.
Property Details
Price:
$3,150,000
MLS #:
PW24212470
Status:
Pending
Baths:
0
Address:
320 7th Street
Type:
Residential Income
Subtype:
Apartment
Subdivision:
Old Town OLDT
Neighborhood:
1asealbeach
City:
Seal Beach
Listed Date:
Oct 13, 2024
State:
CA
ZIP:
90740
Lot Size:
5,227 sqft / 0.12 acres (approx)
Year Built:
1956
See this Listing
Mortgage Calculator
Schools
Interior
Cooling
None
Fireplace Features
None
Exterior
Community Features
Suburban
Fencing
Average Condition
Foundation Details
Slab
Garage Spaces
4.00
Lot Features
Level
Parking Features
Assigned
Parking Spots
4.00
Pool Features
None
Roof
Flat
Sewer
Public Sewer
Stories Total
2
View
None
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Cable T V, Electricity, Gas, Telephone
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Map
Community
- Address320 7th Street Seal Beach CA
- Area1A – Seal Beach
- SubdivisionOld Town (OLDT)
- CitySeal Beach
- CountyOrange
- Zip Code90740
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Courtesy of Belmont Brokerage & Mgmt. INC.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.320 7th Street
Seal Beach, CA
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