$3,150,000
320 7th Street Seal Beach, CA 90740
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Listed by W. Kurt Wood • Belmont Brokerage & Mgmt. INC.
$3,150,000
Est. payment /mo
5,014 SqFt
UPDATED:
10/23/2024 03:05 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 5,014 sqft
Price per Sqft $628
MLS Listing ID CRPW24212470
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1956
Lot Size 5,227 Sqft
Property 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.
Location
State CA
County Orange
Interior
Cooling None
Fireplace No
Laundry Other
Exterior
View None
Parking Type Assigned
Building
Lot Description Level
Water Public
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