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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.
Last Updated | 10/16/2024 | Tract | Old Town (OLDT) |
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Year Built | 1956 | Community | Seal Beach |
Garage Spaces | 4.0 | County | Orange |
Additional Details
AIR | None |
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AREA | Seal Beach |
CONSTRUCTION | Stucco |
GARAGE | Assigned, Yes |
HOA DUES | 0 |
LOT | 5227 sq ft |
LOT DESCRIPTION | Level |
PARKING | Assigned |
POOL DESCRIPTION | None |
SEWER | Public Sewer |
STORIES | 2 |
SUBDIVISION | Old Town (OLDT) |
UTILITIES | Cable Available,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected |
VIEW DESCRIPTION | None |
WATER | Public |
ZONING | R-3 |
Location
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