Sold
Closed
320 7th Street
Seal Beach CA, 90740
$3,100,000
$618.27 per sqft
Sold
Closed
5,014 sqft
Condos
Built in 1956
Listed by W. Kurt Wood with Belmont Brokerage & Mgmt. INC. 562-301-6763
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.
PW24212470
MLSⓇ ID
October 16, 2024
Listed
December 20, 2024
Updated
Map
320 7th Street
Seal Beach CA, 90740
Interior Features
Total Stories
2
Laundry Description
Common Area
Fireplace
No
Fireplace Description
None
Cooling
No
Cooling Description
None
Heating
No
Exterior/Building Features
Lot Size
0.12 Acres
Lot Features
Level
Roof
Flat
Sewer
Public Sewer
Other Property Details
Area Name
1A - Seal Beach
Days on Market
5
Garage
Yes
Garage Spaces
4
Parking
Assigned
Parking Total
4
View
No
View Description
None
County
Orange
Water Source
Public
Pool
No
Pool Features
None
Zoning
R-3
Listing History
Date | Event | Price |
|---|---|---|
12/20/2024 | Sold | $3,100,000 |
10/22/2024 | Pending | — |
Listing Contact: 562-437-3581
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/20/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 12/20/2024 at 9:41 PM UTC