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1521 Marine Ave 4 Unit Apartment Building $2,789,000 CAD ($697,250 CAD/Unit) 2.76% Cap Rate Seal Beach, CA 90740
Investment Highlights
- 4-Unit Multifamily Property in Seal Beach | Well-Configured Unit Mix: (1) 1-Bed/1-Bath, (3) Studios
- Strong Current Income w/ Rental Upside | 2.76% CAP & 21.23 GRM | 3.60% Market CAP & 17.92 Market GRM
- Detached Structure for Storage w/ Fireplace
- Located on a Small, Quiet Residential Street Just 3 Blocks from the Beach | Less Than 1/2 Mile to Main Street Retail, Dining, and Amenities
- Approximately 2,400 SF of Rentable Space on a 2,178 SF Lot | Bottom Unit Equipped w/ 2-Car Garage & On-Site Laundry
- Excellent Investment Opportunity in a Supply-Constrained Coastal Submarket
Executive Summary
Located on a small, quiet residential street in Seal Beach, 1521 Marine Ave presents a well-positioned 4-unit multifamily opportunity just three blocks from the beach and less than half a mile from the retail and dining along Main Street. The property consists of one 1-bedroom / 1-bath unit and three studio units, totaling approximately 2,400 square feet of rentable space on a 2,178 square foot lot.
The asset offers strong current income with clear rental upside as units trend toward market levels. Additional improvements include a detached 2-car garage with on-site laundry, along with a detached storage structure featuring a fireplace, providing added utility and flexibility.
With its premier coastal location, quiet neighborhood setting, and proximity to local amenities, the property benefits from consistent tenant demand. This offering presents an attractive opportunity for investors seeking stable income and long-term appreciation in a highly desirable, supply-constrained beachside submarket.
The asset offers strong current income with clear rental upside as units trend toward market levels. Additional improvements include a detached 2-car garage with on-site laundry, along with a detached storage structure featuring a fireplace, providing added utility and flexibility.
With its premier coastal location, quiet neighborhood setting, and proximity to local amenities, the property benefits from consistent tenant demand. This offering presents an attractive opportunity for investors seeking stable income and long-term appreciation in a highly desirable, supply-constrained beachside submarket.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,789,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $697,250 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 2.76% | Building Size | 2,400 SF |
| Gross Rent Multiplier | 21.23 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1953 |
| Property Subtype | Apartment | Parking Ratio | 0.83/1,000 SF |
| Zoning | R3 | ||
| Price | $2,789,000 CAD |
| Price Per Unit | $697,250 CAD |
| Sale Type | Investment |
| Cap Rate | 2.76% |
| Gross Rent Multiplier | 21.23 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 2,400 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 0.83/1,000 SF |
| Zoning | R3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | $2,371 CAD | - |
| 1+1 | 1 | $4,114 CAD | - |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
20/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 199-083-08 | Improvements Assessment | $119,461 CAD |
| Land Assessment | $537,299 CAD | Total Assessment | $656,761 CAD |
Property Taxes
Parcel Number
199-083-08
Land Assessment
$537,299 CAD
Improvements Assessment
$119,461 CAD
Total Assessment
$656,761 CAD
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1521 Marine Ave
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