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1001 Seal Way

Seal Beach, CA 90740
  • $4,995,000
  • STATUS: ACTIVE
  • ON SITE: 65 Days
  • ID#: PW23185533
UPDATED: 77 min ago
$4,995,000
  • 2
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

1001 Seal Way is the epitome of "location, location, location." Ideally situated on the sand, the property is mere steps from the Municipal Pier, and Main Street. Offered for sale for the first time by the original owner, the units were converted to individual condominiums with separate parcels about a decade ago. While the property has continued to operate as apartment rentals, the individual APNs offer an investor increased flexibility down the road. The Seller recently installed new vinyl fencing in the rear of the building, for additional tenant storage, and tuned up both the stucco exterior, and deck railings. 1001 Seal Way is the epitome of "location, location, location." Ideally situated on the sand, the property is mere steps from the Municipal Pier, and Main Street. Offered for sale for the first time by the original owner, the units were converted to individual condominiums with separate parcels about a decade ago. While the property has continued to operate as apartment rentals, the individual APNs offer an investor increased flexibility down the road. The Seller recently installed new vinyl fencing in the rear of the building, for additional tenant storage, and tuned up both the stucco exterior, and deck railings.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.gellens.com/homes/144093202
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1001 Seal Way Seal Beach, CA 90740

  • Price: $4,995,000
  • Status: ACTIVE
  • On Site: 65 Days
  • Updated: 77 min ago
  • ID#: PW23185533
2
Beds
0
Baths
0
½ Baths
0.08
Acres
Neighborhood:
Oc - Seal Beach (90740)
County:
Orange
Area:
Oc - Seal Beach (90740)
Property Description
1001 Seal Way is the epitome of "location, location, location." Ideally situated on the sand, the property is mere steps from the Municipal Pier, and Main Street. Offered for sale for the first time by the original owner, the units were converted to individual condominiums with separate parcels about a decade ago. While the property has continued to operate as apartment rentals, the individual APNs offer an investor increased flexibility down the road. The Seller recently installed new vinyl fencing in the rear of the building, for additional tenant storage, and tuned up both the stucco exterior, and deck railings. 1001 Seal Way is the epitome of "location, location, location." Ideally situated on the sand, the property is mere steps from the Municipal Pier, and Main Street. Offered for sale for the first time by the original owner, the units were converted to individual condominiums with separate parcels about a decade ago. While the property has continued to operate as apartment rentals, the individual APNs offer an investor increased flexibility down the road. The Seller recently installed new vinyl fencing in the rear of the building, for additional tenant storage, and tuned up both the stucco exterior, and deck railings.
Exterior Features

Pool N/K Site CurbsSidewalks

Interior Features

Stories 1 Story Total Baths Unit1 2

Property Features

Actual Cap Rate 1.8 Annual Expense Actual 71873 Buildings 1 Cfd Mello Roos Fee 610.0 Cfd Mello Roos Fee Reflects Year Gross Rent Multiplier Actual 29.8 Gross Scheduled Income Actual 167640 Monthly Total Fees 50 Terms Cash Unit Number For Unit1 1 Unit1 Rent Actual 13870.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Damien Breaux of Morgan Skenderian: . Listing information © 2023 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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Maxine & Marti Gellens | Berkshire Hathaway HomeServices California Properties
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