About 320 7th Street
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.
Features of 320 7th Street
| MLS® # | PW24212470 |
|---|---|
| Price | $3,150,000 |
| Bedrooms | 4 |
| Bathrooms | 4.00 |
| Acres | 0.12 |
| Type | Residential Income |
| Status | Closed |
Community Information
| Address | 320 7th Street |
|---|---|
| City | Seal Beach |
| County | Orange |
| State | CA |
| Zip Code | 90740 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
| Pool | N/K |
Interior
| Cooling | N/K |
|---|---|
| Fireplace | Yes |
| Stories | 2 Story |
Exterior
| Construction | Stucco |
|---|
Additional Information
| Date Listed | October 13th, 2024 |
|---|---|
| Days on Market | 8 |
| Zoning | Assessor |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Belmont Brokerage & Mgmt. INC. |
|---|