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Listed by Spencer Pabst • Pabst, Kinney & Associates
$ 5,850,000
Est. payment | /mo
8,923 SqFt
$ 5,850,000
Est. payment | /mo
8,923 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 8,923 sqft
Price per Sqft $655
Subdivision Old Town
MLS Listing ID PW-25042318
Year Built 1969
Lot Size 9,191 Sqft
Property Description
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.
Location
State CA
County Orange
Interior
Heating Radiant
Cooling None
Fireplaces Type None
Laundry Community
Exterior
Parking Features Assigned
Garage Spaces 9.0
Pool None
Community Features Sidewalks
Building
Lot Description Corner Lot, Rectangular Lot
Sewer Public Sewer
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Darren Humphrey
Partner | Lic# DRE 01724424