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$ 5,000,000
$ 5,495,000 9.0%
Est. payment | /mo
7 Beds
4 Baths
$ 5,000,000
$ 5,495,000 9.0%
Est. payment | /mo
7 Beds
4 Baths
Key Details
Sold Price $5,000,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision Old Town (Oldt)
MLS Listing ID PW25042318
Sold Date 07/10/25
Bedrooms 7
Property Sub-Type Res Income 2-4 Units
Property Description
PRICE IMPROVEMENT! Rare Opportunity in Seal Beach's Coveted Old Towne - Pride of Ownership Asset! A rare opportunity to own a truly exceptional, generational pride of ownership property in Old Towne Seal Beach, one of Southern California's most desirable beach communities. Located just two blocks from the Ocean, Seal Beach Pier, and the charming boutiques and cafes of Seal Beach's iconic Main Street, this property offers an unbeatable location. Offered for the first time in over 30 years, the portfolio consists of two separate parcels at 1102-1106 Central Ave. and 144 11th Street, encompassing 8,923 rentable square feet on a 9,191 square foot lot. The property includes 9 well-maintained units: (3) 2-Bed | 1.5-Bath Units, (4) 2-Bed | 1-Bath Units, (1) 2-Bed | 2-Bath Unit, (1) 1-Bed | 1-Bath Unit. Additionally, the property features 9 single-car garages, providing ample parking and potential for future ADU conversions. The 1102-1106 Central Ave. building consists of 3 units: two spacious 2-bed | 1.5-bath townhouse units (approx. 1,300 sq. ft. each) and a large 2-bed | 1.5-bath unit above the garages. The 144 11th Street building includes 6 units: (4) 2-bed | 1-bath units, (1) 2-bed | 2-bath unit, and (1) 1-bed | 1-bath unit. Both buildings have been meticulously maintained, with a complete re-roof in 2021, including new roof drains. With little deferred maintenance, this property offers over 40% upside potential in rental income. Dont miss out on this rare opportunity to own a pride of ownership asset in one of Southern Californias most sought-after beach communities.
Location
State CA
County Orange
Zoning Assessor
Direction Corner of 11th Street and Central Ave.
Interior
Heating Radiant
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 19907225
Listed by Spencer Pabst Pabst, Kinney & Associates
Bought with Spencer Pabst Pabst, Kinney & Associates
Bought with Spencer Pabst Pabst, Kinney & Associates
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Krystal Lane
Partner | Lic# 1918284