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320 7th Street Seal Beach, CA 90740
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Key Details
Sold Price $3,100,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 5,014 sqft
Price per Sqft $618
Subdivision Old Town
MLS Listing ID PW-24212470
Sold Date 12/17/24
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
Zoning R-3
Interior
Cooling None
Fireplaces Type None
Laundry Common Area
Exterior
Parking Features Assigned
Garage Spaces 4.0
Pool None
Community Features Suburban
Utilities Available Sewer Connected, Water Connected, Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected
View Y/N No
View None
Building
Lot Description Level
Sewer Public Sewer
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