301 Ocean Ave - Apartments FOR SALE


Seal Beach, CA 90740
$5,950,000 USD
951-756-0448
301 Ocean Ave, Seal Beach, CA for Sale
$5,950,000 USD
Apartments - FOR SALE
1/10
null | 3.17% Cap Rate

301 Ocean Ave
Seal Beach, CA 90740


HIGHLIGHTS

  • True "Owner's Unit" Penthouse Spanning Across the Entire 3rd Floor
  • 100 Ft From the Sand, Located on the Corner of Ocean Ave. & 3rd St.
  • Over $1.2M in Extensive Renovations
  • Unit Mix Includes 4B, 3B, 2B & 1B Floorplans
  • Ocean Views & Private Patio/Balcony in Select Units, In-Unit Laundry in All Units
  • Building Elevator & (7) Private Garages

OVERVIEW

Rare Seal Beach trophy asset just 110 feet from the sand, highlighted by a true four-bedroom penthouse owner’s unit spanning the entire third floor with over 3,000 SF of living space. Situated on a 5,500 SF double lot at the corner of Ocean Ave & 3rd St, this 6-unit property offers an excellent unit mix of four-, three-, two-, and one-bedroom floor plans and has benefited from nearly $1.3M in recent capital improvements, including an updated roof, re-piped plumbing, in-unit laundry, updated electrical, and refreshed interiors. Select units feature ocean views and private patios/balconies. Community amenities include a building elevator and seven private garages.

FOR SALE DETAILS

PRICE

$5,950,000 USD

PRICE/SF

$643 USD /SF

# OF UNITS

6

PRICE/UNIT

$991,667

CAP RATE

3.17%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1967

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,500 SF

ZONING

-

APN/PARCEL ID

199-147-06

ASK ABOUT THIS PROPERTY

951-756-0448

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

951-756-0448

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