Corner Residential Income
For Sale
$699,900
Pending
13251 Del Monte Drive, Seal Beach, CA 90740
Seal Beach, CA
Property Size1,150 SF
Lot Size0.03 Acres
Days on Market142
Property Features for 13251 Del Monte Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Laundry Room
Parking
1
Parking features
Carport, Assigned
Spa
1
Window features
Skylight(s), Bay Window(s), Plantation Shutters, Double Pane Windows
Patio and Porch features
Patio
Interior features
Quartz Counters, Pantry
Fireplace
1
Appliances
Water Heater, Disposal, Microwave, Refrigerator, Electric Range, Dishwasher
Subdivision
Leisure World (LW)
Lot features
11-15 Units/ Acre
View
Park
High school
Los Alamitos
Elementary school district
Los Alamitos Unified
Middle school district
Los Alamitos Unified
High school district
Los Alamitos Unified
Directions
Turn at Carport #'s 145/146 off Del Monte
Standard status
Pending
APN
94734428
Size
1,150 SF
Lot size
0.03 Acres
Taxes and HOA fees
HOA Fee
$566 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Central, Electric (Heating)
Cooling system
Electric, Heat Pump, Central Air
Water source
Public
Amenities
patio
bay windows
Plantation shutters
central heat/air
canned lighting
full size washer/dryer combo
Building Details
Year built
1962
Floors in Building
1
Number of units
12
Listing Agency:
Coldwell Banker Envision · Berkshire Hathaway HomeServices
(562) 594-0515
Listed By:
Robin Gray · License #01027333
(562) 209-5605
Added: Apr 17
Changed: Sep 2
Last Checked: Sep 5 at 1:06AM
MLS# PW26083793
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 corner residential income property offers 1,150 square feet with two bedrooms and two bathrooms. The remodeled interior includes white cabinetry, quartz countertops, a backsplash, breakfast bar, stainless steel appliances, a large pantry, and an oversized skylight. Wood-look flooring, designer paint, bay windows, Plantation Shutters, smooth ceilings, recessed lighting, and a full-size washer/dryer combination complete the interior. Central heat and air provide year-round comfort, while the home also includes a patio, fireplace, and spa.
Built in 1962, the property is served by public water and public sewer. Parking is provided through an assigned carport. Additional features include a walk-in closet in one bathroom and two closets in the other, along with a water heater, disposal, microwave, refrigerator, electric range, and dishwasher.
Built in 1962, the property is served by public water and public sewer. Parking is provided through an assigned carport. Additional features include a walk-in closet in one bathroom and two closets in the other, along with a water heater, disposal, microwave, refrigerator, electric range, and dishwasher.
Key Highlights
- Two‑bedroom, two‑bathroom layout with 1,150 square feet
- Corner position with a remodeled interior and oversized skylight
- Quartz countertops, breakfast bar, stainless steel appliances, and large pantry
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
$21,950
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
3.14%
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%
$439,000
$439.0K
Cap Rate 7%
$313,571
$313.6K
Cap Rate 9%
$243,889
$243.9K
Market Conditions
NOI Build-Up for 1,150 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
$41.4K $36.00/SF
− Vacancy
−$1.5K −$1.30/SF
EGI
$39.9K $34.70/SF
− OpEx
−$18.0K −$15.62/SF
NOI
$22.0K $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%
$439,000
Cap Rate 7%
$313,571
Cap Rate 9%
$243,889
Alternative Uses
Best Use
Apartment 5plus
$313.6K
$274.4K – $365.8K
NOI $21,950 @ 7.0% cap · market cap 3.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$386.3K
$338.0K – $450.6K
NOI $27,038 @ 7.0% cap · market cap 3.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
614
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 - Remodeled corner residence with quartz kitchen finishes, central air, assigned carport parking, and a private patio.
Where is this residential income property located?
The property is located at 13251 Del Monte Drive Seal Beach, CA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom layout with 1,150 square feet; Corner position with a remodeled interior and oversized skylight; Quartz countertops, breakfast bar, stainless steel appliances, and large pantry
