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    Coastal Compound with Ocean Views Title is generated by Realmo AI

    1216 Ocean, Seal Beach, CA 90740

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    For Sale
    $5,888,888

    Seal Beach coastal compound featuring a single-family home and 4plex.

    Type:Investment
    Added:
    Apr 24, 2026
    Days on Market:
    34
    Last Refresh:
    Apr 24 at 6:07 pm

    Property Features for 1216 Ocean

    General Information

    Standard status
    Active
    Property subtype
    Investment

    Building Details

    Year Built
    1948

    We can help!

    Listing Contact
    Kilian Goldin

    Listing agent Kilian Goldin License #02232600

    Listing office Reeve Brokerage

    Listing date Apr 24, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Reeve Brokerage

    HighLights

    • Ocean views and location just one lot from the sand.
    • Multiple income‑generating units: a 4‑bedroom single‑family residence (SFR), an attached guest unit, and a detached 4‑plex (all 1 bed/1 bath units).
    • Seller financing available.
    • Prime corner lot location in Old Town Seal Beach, close to the pier and Main Street.
    • Excellent Los Alamitos Unified School District.
    • High walkability and bikeability scores (91 and 90 respectively).

    Overview

    Located one lot from the beach in Seal Beach, CA, this corner lot property at 1216 Ocean Avenue features ocean views. The property includes a single-family home with an attached guest unit and a detached 4plex, all situated on the same parcel. The single-family residence is a 4-bedroom, 2.5-bath house with central AC/heat and a private driveway accommodating two small vehicles. The 4plex consists of four fully rented 1-bed/1-bath units. The guest suite also features a 1-bed/1-bath layout and ocean views. Hardwired security cameras are installed throughout the compound. The property is located in Old Town Seal Beach, near the Seal Beach Pier and Main Street, and is within the Los Alamitos Unified School District. The location has a bike score of 90, indicating it is a biker's paradise, and a walk score of 91, indicating it is a walker's paradise. The transit score is 35, indicating some transit options are available. This property presents an opportunity to live in the house and rent out the other units.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seal Beach
    County
    Orange
    State
    California
    Longitude
    -118.10262
    Latitude
    33.73791

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    • Contact for pricing
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    FAQs

    What type of property is this?
    Apartment building - Seal Beach coastal compound featuring a single-family home and 4plex.
    Where is this apartment building located?
    The property is located at 1216 Ocean Seal Beach, CA.
    What is the asking price?
    The asking price for this property is $5,888,888.
    What are key features of this property?
    This property features: Ocean views and location just one lot from the sand.; Multiple income‑generating units: a 4‑bedroom single‑family residence (SFR), an attached guest unit, and a detached 4‑plex (all 1 bed/1 bath units).; Seller financing available.
    (888) 817-3383
    We can help!
    Listing Contact
    Kilian Goldin
    Real Estate License ID: 02232600
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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