CA > Seal Beach > Old Town (Oldt)
Seal Beach, CA 90740,320 7th ST
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Brandon Arlington

Brandon Arlington

+1(781) 385-0196
$ 3,150,000
Est. payment /mo
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320 7th ST Seal Beach, CA 90740

5,014 SqFt

UPDATED:

10/17/2024 03:55 AM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 5,014 sqft

Price per Sqft $628

Subdivision Old Town (Oldt)

MLS Listing ID PW24212470

HOA Y/N No

Year Built 1956

Lot Size 5,227 Sqft

Acres 0.12

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

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Cooling None

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Garage 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

Parking Type Assigned

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

California Regional MLS (CRMLS)
Listed by W. Kurt Wood • Belmont Brokerage & Mgmt. INC. • 562-301-6763