219 10th St - Apartments FOR SALE


Seal Beach, CA 90740
$3,425,000 USD
949-500-5099
219 10th St, Seal Beach, CA for Sale
$3,425,000 USD
Apartments - FOR SALE
1/9
null | 3.15% Cap Rate

219 10th St
Seal Beach, CA 90740


HIGHLIGHTS

  • One Block from Restaurants, Shops & Seal Beach Pier. Two Blocks to the Beach
  • Walking Distance to the Sand, Walk Score of 92, Walker's Paradise
  • SB721 Compliant, Seismic Retrofit Completed & Certified Lead-Based Paint Free
  • 42% in Projected Rental Upside
  • 1 & 2 Bedroom Units

OVERVIEW

Discover a prime investment opportunity with these 7 multifamily units located just one block from Main Street in beautiful Seal Beach. This sought-after location offers easy access to an amazing beach and ocean, vibrant array of restaurants, shops, and the iconic Seal Beach Pier, all within walking distance. Ownership has actively maintained the property and boasts capital improvements that include a recent seismic retrofit of the carports enhancing the structural integrity of the building, SB721 compliance, while also being certified lead-based paint free providing peace of mind for all. With a diverse unit mix of (4) one-bedroom and (3) two-bedroom apartments, plus (9) dedicated parking spaces comprised of carports and open parking, this property is designed for modern living. The projected rental upside of 42% presents a lucrative opportunity for investors looking to maximize returns. Enjoy the benefits of a Walk Score of 92, highlighting the area's walkability, and relish the proximity to the beach, only 2 blocks away. Don’t miss out on this exceptional investment in a highly desirable location!

FOR SALE DETAILS

PRICE

$3,425,000 USD

PRICE/SF

$477 USD /SF

# OF UNITS

7

PRICE/UNIT

$489,286

CAP RATE

3.15%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

-

APN/PARCEL ID

199-043-03

ASK ABOUT THIS PROPERTY

Rick ApplebaumMorgan-Skenderian Investment Real Estate GroupMore Info
949-500-5099

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Rick ApplebaumMorgan-Skenderian Investment Real Estate GroupMore Info
949-500-5099

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.