1203 Seal Way
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1203 Seal Way
2 Unit Apartment Building $3,500,000 ($1,750,000/Unit) 1.70% Cap Rate Seal Beach, CA 90740
Investment Highlights
- First Time on Market in 25 Years: A rare and unique opportunity in a highly desirable location
- Beachfront Location: Direct access to the Pacific Ocean and stunning ocean views
- Private Garages: Two 1-car garages, one for each unit
- Near Main Street: Close to Seal Beach’s Main Street with shops, restaurants, and entertainment
- Patios: Private patios for each unit facing the ocean
Executive Summary
Charming Beachfront Duplex in Seal Beach, CA - First Time on the Market in 25 Years! Welcome to 1203 E. Seal Way, a rare opportunity to own a charming beachfront duplex located on the pristine sands of Seal Beach, CA. This well-maintained duplex, built in 1944, offers the perfect blend of vintage charm and coastal living. The property features two spacious 3-bedroom, 1-bathroom units, each boasting a cozy layout, stunning ocean views, and their own private patio facing the beach—ideal for soaking in the sun and enjoying the breathtaking Pacific sunsets. With a total of 2,192 square feet of living space on a 2,700 square foot lot, this duplex provides ample space for comfortable living. Each unit comes with its own private 1-car garage, ensuring convenient parking for residents or guests. The property’s prime location, right on the beach, offers direct access to the Pacific Ocean from your doorstep. Additionally, you’ll be just steps away from the iconic Seal Beach Pier and the vibrant Main Street, home to a variety of shops, restaurants, and entertainment options that attract tourists year-round. Priced at $3,500,000, this duplex is an exceptional investment opportunity. Whether you’re looking to rent out both units or live in one while generating rental income from the other, this property offers flexibility and endless potential. This is a unique chance to own a piece of Seal Beach history in a highly sought-after location, making it a must-see for any serious buyer. Don't miss
out on this once-in-a-generation opportunity to own a beachfront property in one of Southern California’s most desirable coastal communities!
out on this once-in-a-generation opportunity to own a beachfront property in one of Southern California’s most desirable coastal communities!
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | $3,500,000 | Apartment Style | Garden |
| Price Per Unit | $1,750,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 1.70% | Building Size | 2,192 SF |
| Gross Rent Multiplier | 34.31 | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1944 |
| Property Subtype | Apartment |
| Price | $3,500,000 |
| Price Per Unit | $1,750,000 |
| Sale Type | Investment |
| Cap Rate | 1.70% |
| Gross Rent Multiplier | 34.31 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 2,192 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1944 |
Unit Amenities
- Balcony
- Ceiling Fans
- Stainless Steel Appliances
- Porch
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 2 | $4,250 | 1,096 |
Walk Score®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 199-075-02 | Total Assessment | $837,782 (2024) |
| Land Assessment | $768,338 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $69,444 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
199-075-02
Land Assessment
$768,338 (2024)
Improvements Assessment
$69,444 (2024)
Total Assessment
$837,782 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | Multi-Family |
| Multi-Family |
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