1635-1639 Seal Way - Apartments FOR SALE


Seal Beach, CA 90740
$5,595,000 USD
714-801-0173
1635-1639 Seal Way, Seal Beach, CA for Sale
$5,595,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

1635-1639 Seal Way
Seal Beach, CA 90740


HIGHLIGHTS

  • First Time on the Market in Over 30 Years
  • End-of-Peninsula Boardwalk Position with Direct Jetty & Anaheim Bay Views
  • Significant Value-Add Opportunity — 6 of 12 Units Vacant
  • Nearly 3x Rental Upside — Current In-Place Income of $131,500 vs. $396,000 Market Potential
  • Rare Parking in a Beach Market — 7 Tuck-Under Spaces & One Private Garage
  • One of Only a Handful of Multifamily Assets Above 10 Units in All of Seal Beach

OVERVIEW

We are proud to present 1635–1639 Seal Way, a rare 12-unit beachfront value-add opportunity sitting at the southern tip of the Seal Beach peninsula, directly on the boardwalk overlooking the Anaheim Bay jetty and inlet. Originally constructed in 1949, this two-story building spans two contiguous parcels and is offered at $5,595,000 — $466,250 per unit and $737 per square foot. Six of the twelve units are currently vacant giving a new owner the ability to renovate on their own timeline with no tenant displacement. At market rents, a fully renovated and stabilized property projects to approximately $396,000 in annual gross income — nearly three times the current in-place revenue of $131,500 — representing a 14.13 GRM and just under a 5% cap rate at the asking price. Units at 1635–1639 Seal Way sit directly on the boardwalk with immediate beach access and unobstructed jetty views. The property includes seven tuck-under parking spaces and one private garage — a rare and valuable amenity at the beach. Unit amenities include gas stoves and dishwashers throughout. This is a straightforward buy, renovate, and hold opportunity in one of Southern California’s most sought-after coastal communities.

FOR SALE DETAILS

PRICE

$5,595,000 USD

PRICE/SF

$737 USD /SF

# OF UNITS

12

PRICE/UNIT

$466,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

RHD, Seal Beach

APN/PARCEL ID

199-094-18

ASK ABOUT THIS PROPERTY

Chris WalkerTriqor GroupMore Info
714-801-0173

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Chris WalkerTriqor GroupMore Info
714-801-0173

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