1203 Seal WaySeal Beach, CA 90740

Property Details for 1203 Seal Way

Year built

1944

Property size (Sq ft)

2,192 SF

Property type

Apartment buildings

Description

This exceptional investment opportunity presents a charming, well-maintained beachfront duplex in Seal Beach, California. Built in 1944, this 2,192 square foot property boasts two spacious 3-bedroom, 1-bathroom units, each with a private patio offering stunning ocean views. The duplex sits on a 2,700 square foot lot and includes two private one-car garages. Currently operating at 100% occupancy, the property generates a Net Operating Income (NOI) of $59,518, representing a 1.70% cap rate. Located at 1203 E Seal Way, Seal Beach, CA 90740, this property offers direct beach access and is steps away from the Seal Beach Pier and Main Street's vibrant shops and restaurants. The asking price is $3,500,000, translating to $1,596.72 per square foot. This rare opportunity, first on the market in 25 years, presents a unique chance to own a piece of Seal Beach history in a highly sought-after coastal location. The property's prime location and strong rental income potential make it an attractive investment for discerning buyers. This is a must-see for those seeking a lucrative beachfront property in Southern California.

Location Insight

City

Seal Beach

County

Orange

State

California

Latitude

33.7381

Longitude

-118.103

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