2-Bedroom Residential Income
For Sale
$325,000
1282-#68B Golden Rain, Seal Beach, CA 90740
Seal Beach, CA
Property Size700 SF
Lot Size0.02 Acres
Price / SF$464.29
Days on Market59
Property Features for 1282-#68B Golden Rain
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bedroom 2, Laundry Room, Bathroom 1, Living Room
Parking
1
Interior features
Laminate Counters, Block Walls, Storage
Subdivision
Leisure World (LW)
View
Golf Course
Elementary school district
Los Alamitos Unified
Middle school district
Los Alamitos Unified
High school district
Los Alamitos Unified
Directions
Go Direct !!Realtor Pass Required to show Property. Hours 9:00am-4:00pm
Standard status
Active
Size
700 SF
Lot size
0.02 Acres
Taxes and HOA fees
HOA Fee
$587 Monthly
Utilities
Sewer type
Private Sewer
Cooling system
Window Unit(s), Electric, Wall/Window Unit(s), Central Air
Amenities
central air conditioning
drive-up parking
assigned carport
storage
patio
Building Details
Year built
1964
Floors in Building
1
Number of units
68
Additional Structures
Storage
Listing Agency:
Coldwell Banker Envision · Berkshire Hathaway HomeServices
(562) 594-0515
Listed By:
Philip Bak · License #01895031
(213) 550-9991
Added: Jul 10
Changed: Sep 2
Last Checked: Sep 6 at 8:06AM
MLS# PW26151127
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 700-square-foot residential income property includes two bedrooms, one bathroom, a living room, and a laundry room. Built in 1964, the unit features laminate counters, block walls, and dedicated storage located on the patio. Cooling includes central air, and the property is served by a private sewer system.
The unit faces south and offers convenient drive-up parking with an assigned carport. Its address is 1282-#68B Golden Rain in Seal Beach, California, within Orange County and ZIP Code 90740.
The unit faces south and offers convenient drive-up parking with an assigned carport. Its address is 1282-#68B Golden Rain in Seal Beach, California, within Orange County and ZIP Code 90740.
Key Highlights
- 700‑square‑foot residential income property
- Two bedrooms and one bathroom
- Central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,361
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$267,220
$267.2K
Cap Rate 7%
$190,871
$190.9K
Cap Rate 9%
$148,456
$148.5K
Market Conditions
NOI Build-Up for 700 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$25.2K $36.00/SF
− Vacancy
−$907 −$1.30/SF
EGI
$24.3K $34.70/SF
− OpEx
−$10.9K −$15.62/SF
NOI
$13.4K $19.09/SF
Area
Orange County, CA
Vacancy
3.60%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$267,220
Cap Rate 7%
$190,871
Cap Rate 9%
$148,456
Alternative Uses
Best Use
Apartment 5plus
$190.9K
$167.0K – $222.7K
NOI $13,361 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$235.1K
$205.7K – $274.3K
NOI $16,458 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
Explore this area
Business Placement
Demographics for 90740, CA
24,769
Population
14,208
Households
1.7
Avg Household Size
61
Median Age
51%
College-Educated
95%
High-School Grad
11.1 sq mi
ZIP Area
2,231
Density / Sq Mi
$82,427
Median Household Income
$70,686
Median Earnings
$2,421
Median Rent
$488,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - South-facing unit with central air, patio storage, and an assigned carport.
Where is this residential income property located?
The property is located at 1282-#68B Golden Rain Seal Beach, CA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 700‑square‑foot residential income property; Two bedrooms and one bathroom; Central air conditioning
