1115 Ocean Ave - Apartments FOR SALE


Seal Beach, CA 90740
$1,895,000 USD
714-322-9030
1115 Ocean Ave, Seal Beach, CA for Sale
$1,895,000 USD
Apartments - FOR SALE
1/32
null | 3.15% Cap Rate

1115 Ocean Ave
Seal Beach, CA 90740


HIGHLIGHTS

  • Great Location
  • Steady income

OVERVIEW

A Rare & Prime Property- 3 Units on Ocean Ave located in Old Town Seal Beach! This charming property is a block to the sand and the Ocean and just a few blocks to Main street where you'll find a variety of great restaurants, shops etc. The Front 1 bedroom/1 bath single level House (spacious at approx 751 sqft) offers a nice sized living room with dining area, large kitchen with eating area, a private laundry room plus a big private rear yard! The Back building has 2 units that each have 1 bedroom/1 bath & share a laundry room & small yard. The Top unit offers a peek-a-boo Ocean View from the spacious patio & from the Living room. Rear flat roof was recently replaced in August of 2024. Permit parking for the street available for tenants through the City of Seal Beach. Possibility for an additional ADU in the middle of the lot, check with City of Seal Beach to verify!

FOR SALE DETAILS

PRICE

$1,895,000 USD

PRICE/SF

$1,163 USD /SF

# OF UNITS

3

PRICE/UNIT

$631,667

CAP RATE

3.15%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

RHD

APN/PARCEL ID

199-072-06

ASK ABOUT THIS PROPERTY

Matthew DrennerReal Estate Establishment, Inc.More Info
714-322-9030

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Matthew DrennerReal Estate Establishment, Inc.More Info
714-322-9030

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.