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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$5,495,000

Est. payment - /mo

9,191 Sqft Lot

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UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Old Town (Oldt)

MLS Listing ID PW25042318

HOA Y/N No

Year Built 1969

Lot Size 9,191 Sqft

Property Sub-Type Apartment

Property Description

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.

Location

State CA

County Orange

Area 1A - Seal Beach

Interior

Heating Radiant

Cooling None

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Parking Features Assigned

Garage Spaces 9.0

Garage Description 9.0

Pool None

Community Features Sidewalks

Total Parking Spaces 9

Private Pool No

Building

Lot Description Corner Lot, Rectangular Lot

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 19907225

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Listed by Spencer Pabst • Pabst, Kinney & Associates • 562-884-6875

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1102 Central AVE Seal Beach, CA 90740