About this home

Nestled in the heart of Seal Beach, 308 13th St. offers two fully remodeled residences on one large double lot property. Both units feature new flooring, appliances, kitchens, bathrooms, HVAC systems, water heaters, and fresh paint inside and out. The rear house boasts a spacious open floor plan with 3 bedrooms, 2 baths, a walk-in closet, and a charming fireplace. Additionally, two massive 2-car garages provide convenience for both houses. The front house is a cozy single-story beach cottage with 3 bedrooms, 2 baths, and a delightful porch overlooking a sizable yard, perfect for leisure or outdoor dining. The rear house extends upwards with three stories, culminating in a roof deck offering panoramic views This property is producing passive income from tenants, thanks to recent extensive remodeling and meticulous upkeep. Leases will be transferred to the new owner with 1 year remaining. The property also includes plans for two 2,508 s.f. houses, providing investors with an opportunity for future development. For all prospective buyers, 308 13th St. represents an exceptional investment in the vibrant Seal Beach community. This investment opportunity grosses an estimated 5.3% cap rate based on current rents of $12,350/month. Ideal 1031 exchange, income property, primary residence in one unit and passive income from the other or development opportunity with plans for two detached single family homes.