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320 7th St 8 Unit Apartment Building $6,069,875 CAD ($758,734 CAD/Unit) 4.10% Cap Rate Seal Beach, CA 90740
INVESTMENT HIGHLIGHTS
- Turnkey 8-Unit Coastal Asset in Seal Beach 3 Blocks from the Beach
- Garage Parking and Individual Gas and Electric Meters
- Opportunity to Implement RUBS Program
- Extensive Exterior and Interior Upgrades, Including Modern Kitchens, Upgraded Bathrooms, New Flooring, and New Vinyl Windows
- Market with Strong Appreciation Potential
PROPERTY FACTS
| Price | $6,069,875 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $758,734 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 4.10% | Building Size | 5,014 SF |
| Gross Rent Multiplier | 16.7 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1956 |
| Property Type | Multifamily | Parking Ratio | 0.8/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3 - Residential | ||
| Price | $6,069,875 CAD |
| Price Per Unit | $758,734 CAD |
| Sale Type | Investment |
| Cap Rate | 4.10% |
| Gross Rent Multiplier | 16.7 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 5,014 SF |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 0.8/1,000 SF |
| Zoning | R3 - Residential |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | $3,295 CAD | 550 |
| 2+1 | 2 | $3,750 CAD | 700 |
| 2+2 | 1 | $5,543 CAD | 850 |
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Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Number | 043-111-24 | Improvements Assessment | $263,811 CAD |
| Land Assessment | $4,049,033 CAD | Total Assessment | $4,312,844 CAD |
PROPERTY TAXES
Parcel Number
043-111-24
Land Assessment
$4,049,033 CAD
Improvements Assessment
$263,811 CAD
Total Assessment
$4,312,844 CAD
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320 7th St
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