Residential Income Property with
For Sale
Under Contract
$309,000
1221 Oakmont, Seal Beach, CA 90740
Seal Beach, CA
Property Size750 SF
Price / SF$412
Days on Market125
Property Features for 1221 Oakmont
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Laundry Room, Bedroom 1, Kitchen, Bathroom 1, Bedroom 2
Parking
1
Parking features
Carport
Subdivision
Leisure World (LW)
View
Park
Elementary school district
Seal Beach Unified
Middle school district
Seal Beach Unified
High school district
Seal Beach Unified
Directions
Golden Rain Road - Right on St. Andrews - Left on Oakmont
Standard status
Active Under Contract
Size
750 SF
Taxes and HOA fees
HOA Fee
$571 Monthly
Utilities
Sewer type
Public Sewer
Cooling system
Heat Pump
Water source
Public
Amenities
golf course
swimming pool
jaccuzi
fitness center
pickleball
bocce ball
shuffleboard
billiards
woodworking shop
arts and crafts studios
community garden
sewing room
amphitheater
library
health care center
social clubs
exercise classes
community transportation
laundry facilities
clubhouse
Building Details
Year built
1963
Floors in Building
1
Number of units
1
Listing Agency:
Estate Properties
(310) 831-0222
Listed By:
Melissa Resich · License #01735412
(310) 427-9969
Added: Jun 22
Changed: Oct 23
Last Checked: Oct 24 at 5:06AM
MLS# PV26107964
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.
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Investment Insights
Based on property information with market context.
This 750-square-foot, 2-bedroom, 1-bath residence includes skylights, a spacious patio, window coverings, and a heat pump serving both heating and air conditioning. The layout includes a kitchen, laundry room, and two bedrooms, with public water and public sewer. A carport provides assigned parking, while planned work includes new kitchen and bathroom countertops and replacement skylights in the kitchen, bathroom, and patio.
The home is within Leisure World Seal Beach, a gated 55+ community with access to Clubhouse 2, laundry facilities, a nine-hole par-3 golf course, swimming pool, fitness center, pickleball, bocce ball, shuffleboard, billiards, arts and crafts studios, a library, health care center, and community transportation. Built in 1963, the property can be enjoyed in its current condition or updated to suit individual preferences.
The home is within Leisure World Seal Beach, a gated 55+ community with access to Clubhouse 2, laundry facilities, a nine-hole par-3 golf course, swimming pool, fitness center, pickleball, bocce ball, shuffleboard, billiards, arts and crafts studios, a library, health care center, and community transportation. Built in 1963, the property can be enjoyed in its current condition or updated to suit individual preferences.
Key Highlights
- 750 square feet with 2 bedrooms and 1 bath
- Spacious patio extends the living area outdoors
- Skylights provide natural light throughout the home
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,315
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,300
$286.3K
Cap Rate 7%
$204,500
$204.5K
Cap Rate 9%
$159,056
$159.1K
Market Conditions
NOI Build-Up for 750 SF
Gross rent
$27.0K $36.00/SF
− Vacancy
−$972 −$1.30/SF
EGI
$26.0K $34.70/SF
− OpEx
−$11.7K −$15.62/SF
NOI
$14.3K $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 Rate 5%
$286,300
Cap Rate 7%
$204,500
Cap Rate 9%
$159,056
Alternative Uses
Best Use
Apartment 5plus
$204.5K
$178.9K – $238.6K
NOI $14,315 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$251.9K
$220.4K – $293.9K
NOI $17,634 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - Light-filled home with outdoor living space, heat-pump climate control, carport parking, and access to a gated 55+ community.
Where is this residential income property located?
The property is located at 1221 Oakmont Seal Beach, CA.
What is the asking price?
The asking price for this property is $309,000.
What are key features of this property?
This property features: 750 square feet with 2 bedrooms and 1 bath; Spacious patio extends the living area outdoors; Skylights provide natural light throughout the home
