320 7th ST, Seal Beach, CA 90740 – PW24212470 - John Bertsch

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John Bertsch

greathomes@johnbertsch.com +1(619) 518-5421

$ 3,150,000

Est. payment -/mo

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Pending

320 7th ST Seal Beach, CA 90740

5,227 Sqft Lot

UPDATED:

12/19/2024 05:53 AM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

Subdivision Old Town (Oldt)

MLS Listing ID PW24212470

HOA Y/N No

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

Area 1A - Seal Beach

Zoning R-3

Interior

Cooling None

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Parking Features Assigned

Garage Spaces 4.0

Garage Description 4.0

Fence Average Condition

Pool None

Community Features Suburban

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Flat

Total Parking Spaces 4

Private Pool No

Building

Lot Description Level

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 04311124

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Listed by W. Kurt Wood • Belmont Brokerage & Mgmt. INC. • 562-301-6763

John Bertsch

Agent | License ID: 02135471

+1(619) 518-5421

John Bertsch

320 7th ST Seal Beach, CA 90740

Key Details

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Interior

Exterior

Building

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320 7th ST