320 7th Street, Seal Beach, CA 90740
Property
Sold December 2024
Listing Agent: W. Kurt Wood (DRE #00452182) · Listing Office: Belmont Brokerage & Mgmt. INC. · Contact: 562-301-6763 · Bought with: Gustavo Fimbres · Triqor Group · MLS #PW24212470 · Source: CRMLS
About this property
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.
Listing description from the December 2024 sale, as reported to CRMLS.
Sale history