Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1969
Sq.Footage
N/A
PRICE IMPROVEMENT! Rare Opportunity in Seal Beach's Coveted Old Towne - Pride of Ownership Asset! A rare opportunity to own a truly exceptional, generational pride of ownership property in Old Towne Seal Beach, one of Southern California's most desirable beach communities. Located just two blocks from the Ocean, Seal Beach Pier, and the charming boutiques and cafes of Seal Beach's iconic Main Street, this property offers an unbeatable location. Offered for the first time in over 30 years, the portfolio consists of two separate parcels at 1102-1106 Central Ave. and 144 11th Street, encompassing 8,923 rentable square feet on a 9,191 square foot lot. The property includes 9 well-maintained units: (3) 2-Bed | 1.5-Bath Units, (4) 2-Bed | 1-Bath Units, (1) 2-Bed | 2-Bath Unit, (1) 1-Bed | 1-Bath Unit. Additionally, the property features 9 single-car garages, providing ample parking and potential for future ADU conversions. The 1102-1106 Central Ave. building consists of 3 units: two spacious 2-bed | 1.5-bath townhouse units (approx. 1,300 sq. ft. each) and a large 2-bed | 1.5-bath unit above the garages. The 144 11th Street building includes 6 units: (4) 2-bed | 1-bath units, (1) 2-bed | 2-bath unit, and (1) 1-bed | 1-bath unit. Both buildings have been meticulously maintained, with a complete re-roof in 2021, including new roof drains. With little deferred maintenance, this property offers over 40% upside potential in rental income. Don’t miss out on this rare opportunity to own a pride of ownership asset in one of Southern California’s most sought-after beach communities.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
NO
-
Cooling
N/A
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Radiant
Exterior
-
Garage
Yes
-
Garage spaces
9
-
Parking
Assigned
-
Pool
Yes
-
Pool Features
None
Area & Lot
-
Lot Features
Corner Lot, Rectangular Lot
-
Lot Size(acres)
0.211
-
Property Type
Residential Income
-
Property Sub Type
Apartment
Price
-
Sales Price
$5,495,000
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Senior Community YN
NO
-
Sewer
Public Sewer
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Location
County
Orange
Elementary School
Middle School
High School
Listing Courtesy of Spencer Pabst , Pabst, Kinney & Associates
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