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320 7th St 8 Unit Apartment Building $3,995,000 ($499,375/Unit) 4.70% Cap Rate Seal Beach, CA 90740
Investment Highlights
- Turnkey 8-Unit Coastal Asset in Seal Beach 3 Blocks from the Beach
- Garage Parking and Individual Gas and Electric Meters
- Opportunity to Implement RUBS Program
- Extensive Exterior and Interior Upgrades, Including Modern Kitchens, Upgraded Bathrooms, New Flooring, and New Vinyl Windows
- Market with Strong Appreciation Potential
Property Facts
| Price | $3,995,000 | Apartment Style | Low-Rise |
| Price Per Unit | $499,375 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 4.70% | Building Size | 5,014 SF |
| Gross Rent Multiplier | 15.02 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1956 |
| Property Type | Multifamily | Parking Ratio | 0.8/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3 - Residential | ||
| Price | $3,995,000 |
| Price Per Unit | $499,375 |
| Sale Type | Investment |
| Cap Rate | 4.70% |
| Gross Rent Multiplier | 15.02 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 5,014 SF |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 0.8/1,000 SF |
| Zoning | R3 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $2,375 | 550 |
| 2+1 | 2 | $2,875 | 700 |
| 2+2 | 1 | $3,995 | 850 |
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Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 043-111-24 | Improvements Assessment | $189,623 |
| Land Assessment | $2,910,377 | Total Assessment | $3,100,000 |
Property Taxes
Parcel Number
043-111-24
Land Assessment
$2,910,377
Improvements Assessment
$189,623
Total Assessment
$3,100,000
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Contact the Sale Advisor
320 7th St