320 7th Street, Seal Beach, CA 90740
- $3,100,000
- Sold Price
- $3,100,000
- List Price
- $3,150,000
- Closing Date
- Dec 17, 2024
- Status
- CLOSED
- MLS#
- PW24212470
- Year Built
- 1956
- Lot Size
- 5,227
- Acres
- 0.12
- Lot Location
- Level
- Days on Market
- 0
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
- Neighborhood
- Old Town (Oldt)
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.
/u.realgeeks.media/ericengelbert/Realtor-Orange-County.png)
Additional Information
- Pool Description
- None
- Cooling Description
- None
- View
- None
- Exterior Construction
- Stucco
- Roof
- Flat
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $203,168
Listing courtesy of Listing Agent: W. Kurt Wood (wkw@belmontbrokerage.com) from Listing Office: Belmont Brokerage & Mgmt. INC..
Listing sold by Gustavo Fimbres from Triqor Group
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.