301 Ocean Avenue, Seal Beach, CA 90740
- $4,100,000
- Sold Price
- $4,100,000
- List Price
- $4,200,000
- Closing Date
- Aug 28, 2023
- Status
- CLOSED
- MLS#
- OC23111432
- Year Built
- 1967
- Lot Size
- 5,741
- Acres
- 0.13
- Lot Location
- Over 40 Units/Acre
- Days on Market
- 32
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Three Or More Levels
- Neighborhood
- Bridgeport/Seal Beach (Bps)
Property Description
Excellent opportunity to acquire an irreplaceable oceanside multifamily investment in Seal Beach, California. 301 Ocean Avenue is a 6-unit community located steps to the beach and immediately across the street from a beach accessway. The property’s residents enjoy ocean views, ocean-breeze private patios, and private garages. Idyllically seated on the border between Los Angeles and Orange Counties, Seal Beach is one of Orange County’s hidden gems with proximity to Long Beach, Huntington Beach, and Newport Beach. Located in Seal Beach’s exclusive Old Towne neighborhood, it is walkable to quaint Main Street cafes & shops, pocket parks, and a grand ocean pier. Finally, the property offers substantial rent upside through adjusting below-market leases and renovation. Properties like this don’t come around often, so take advantage of this rare and incredible opportunity.
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Additional Information
- Pool Description
- None
- Cooling Description
- None
- Roof
- Spanish Tile
- Garage Spaces Total
- 7
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 6
- Gross Scheduled Income
- $172,063
- Operating Expense
- 86664
Listing courtesy of Listing Agent: Tom Dallape (Tdallape@hoffmanland.com) from Listing Office: The Hoffman Company.
Listing sold by General Woodworth from Justin
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.