Est. cap rate

1.5%

Assumed rent, all units

$5,580/mo

Units

2

Price per unit

$1,115,000

Est. annual NOI

$33,480

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

2

Building size

1,481 sqft

Lot size

3,049 sqft

Year built

1942

Stories

1

Garage spaces

2

Pool

None

Status

Active

Days on market

9

MLS #

247880385

About this property

Don't pay rent. Move your business here and start building equity. One of the sweetest mixed use property in the heart of Old Town Seal Beach. The front unit - 681 sqft of beautifully remodeled commercial space - is turnkey for salon, spa, medical or professional office. The back unit is an 800 sqft two-bedroom apartment, designed to maximize function and quality of coastal living. A large courtyard separates the two buildings for outdoor entertaining, plus an oversized 2-car garage. Location is what makes this property special: next to Old Town Park, only 2 short blocks from the Seal Beach Pier, and adjacent to the bustle of Main Street - shops, restaurants, cafes, and businesses attracting customers. A huge public parking lot sits in front. You can start your business right away - no lease to wait out, no tenant the way.

Location

907 Electric

Seal Beach, Orange, CA, 90740