Overview

Property ID: PW24212470

Apartment, Residential Income
Property Type

4.0
Garages

5014 Sqft
Area Size

1956
Year Built

Description

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.

Address

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Address: 320 7th Street
City: Seal Beach
State/county: CA
Zip/Postal Code: 90740
Country: US

Details

Updated on January 14, 2025 at 12:53 am

Property ID PW24212470
Price $3,150,000
Property Size 5014 Sqft
Land Area 0.12 Acres
Garages 4.0
Year Built 1956
Property Type Apartment, Residential Income
Property Status Closed

Additional details

Listing Terms Cash, Cash to New Loan
Roof Flat
Utilities Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Sewer Public Sewer
Cooling None
County Orange
Property Type Residential Income
Pool None
Parking Assigned
Community Features Suburban