1635-1639 Seal Way
Seal Beach, CA 90740
Multifamily Property For Sale · 12 Units

We are proud to present 1635–1639 Seal Way, a rare 12-unit beachfront value-add opportunity sitting at the southern tip of the Seal Beach peninsula, directly on the boardwalk overlooking the Anaheim Bay jetty and inlet. Originally constructed in 1949, this two-story building spans two contiguous parcels and is offered at $5,595,000 — $466,250 per unit and $737 per square foot. Six of the twelve units are currently vacant giving a new owner the ability to renovate on their own timeline with no tenant displacement. At market rents, a fully renovated and stabilized property projects to approximately $396,000 in annual gross income — nearly three times the current in-place revenue of $131,500 — representing a 14.13 GRM and just under a 5% cap rate at the asking price. Units at 1635–1639 Seal Way sit directly on the boardwalk with immediate beach access and unobstructed jetty views. The property includes seven tuck-under parking spaces and one private garage — a rare and valuable amenity at the beach. Unit amenities include gas stoves and dishwashers throughout. This is a straightforward buy, renovate, and hold opportunity in one of Southern California’s most sought-after coastal communities.