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320 7th St 8 Unit Apartment Building $5,722,987 CAD ($715,373 CAD/Unit) 4.54% 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 | $5,722,987 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $715,373 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 4.54% | Building Size | 5,014 SF |
| Gross Rent Multiplier | 15.46 | 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 | $5,722,987 CAD |
| Price Per Unit | $715,373 CAD |
| Sale Type | Investment |
| Cap Rate | 4.54% |
| Gross Rent Multiplier | 15.46 |
| 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 | $3,240 CAD | 550 |
| 2+1 | 2 | $3,688 CAD | 700 |
| 2+2 | 1 | $5,450 CAD | 850 |
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Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 043-111-24 | Improvements Assessment | $262,626 CAD |
| Land Assessment | $4,030,843 CAD | Total Assessment | $4,293,469 CAD |
Property Taxes
Parcel Number
043-111-24
Land Assessment
$4,030,843 CAD
Improvements Assessment
$262,626 CAD
Total Assessment
$4,293,469 CAD
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320 7th St
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