Two-Bedroom Specialty Property with Greenbelt
For Sale
$379,900
1441 Homewood Rd. M5-96D, Seal Beach, CA 90740
Seal Beach, CA
Property Size1,125 SF
Lot Size0.03 Acres
Price / SF$337.69
Days on Market336
Property Features for 1441 Homewood Rd. M5-96D
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
1
Rooms
Bedroom 2, Bedroom 1, Laundry Room, Bathroom 1
Parking features
Carport
Exterior features
Rain Gutters
Appliances
Disposal, Electric Water Heater, Microwave, Refrigerator, Electric Range, Electric Oven
Subdivision
Leisure World (LW)
View
Park
Elementary school district
Los Alamitos Unified
Middle school district
Los Alamitos Unified
High school district
Los Alamitos Unified
Directions
Enter Leisure World on Golden Rain Rd. Turn right on Homewood Rd. go to building M5-96D
Standard status
Active
Size
1,125 SF
Lot size
0.03 Acres
Taxes and HOA fees
HOA Fee
$493 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
leaded glass front door
walk-in storage closet
spacious living room
formal dining area
white cabinets
stove
oven
refrigerator
added microwave
added ceiling fan
mirrored wardrobe closet doors
cultured marble counters
cut-down shower
double pane windows
plantation shutters
wall heating and air conditioning unit
carpeted floors
vinyl tile flooring
green belt view
ocean breezes
Building Details
Year built
1962
Floors in Building
1
Listing Agency:
Gasper-Monteer Realty Group
(562) 431-2440
Listed By:
Kathy Gupton · License #00744676
(562) 618-9940
Added: Oct 1, 2025
Changed: Sep 1
Last Checked: Sep 1 at 10:06AM
MLS# PW25238865
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.
A fully expanded two-bedroom, one-bath home set on a greenbelt offers a formal dining area and a spacious living room. The entry features a leaded glass front door and an entry area with a walk-in storage closet. The kitchen includes white cabinets and built-in electric appliances such as a stove, oven, refrigerator, plus an added microwave and a ceiling fan. Both bedrooms have mirrored wardrobe closet doors, and the bathroom offers cultured marble counters and a cut-down shower for walk-in convenience.
Additional in-home features include double pane windows and plantation shutters throughout. The living room is heated and cooled with a wall heating and air conditioning unit, with additional wall/window unit cooling present. Bedrooms, the living room, and the dining room are carpeted, while the kitchen, bathroom, and hallway have vinyl tile flooring. The home faces southwest and is described as enjoying ocean breezes.
Outside, the property includes rain gutters and a carport. Public water and public sewer service are provided, and the home was built in 1962.
Additional in-home features include double pane windows and plantation shutters throughout. The living room is heated and cooled with a wall heating and air conditioning unit, with additional wall/window unit cooling present. Bedrooms, the living room, and the dining room are carpeted, while the kitchen, bathroom, and hallway have vinyl tile flooring. The home faces southwest and is described as enjoying ocean breezes.
Outside, the property includes rain gutters and a carport. Public water and public sewer service are provided, and the home was built in 1962.
Key Highlights
- Two‑bedroom, one‑bath fully expanded home on a greenbelt
- Southwest exposure with greenbelt view and ocean breezes
- Built in 1962; 1,125 SF home size
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
$21,473
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
5.65%
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%
$429,460
$429.5K
Cap Rate 7%
$306,757
$306.8K
Cap Rate 9%
$238,589
$238.6K
Market Conditions
NOI Build-Up for 1,125 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
$40.5K $36.00/SF
− Vacancy
−$1.5K −$1.30/SF
EGI
$39.0K $34.70/SF
− OpEx
−$17.6K −$15.62/SF
NOI
$21.5K $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%
$429,460
Cap Rate 7%
$306,757
Cap Rate 9%
$238,589
Alternative Uses
Best Use
Apartment 5plus
$306.8K
$268.4K – $357.9K
NOI $21,473 @ 7.0% cap · market cap 5.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$377.9K
$330.6K – $440.9K
NOI $26,451 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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?
Single family property - Fully expanded two-bedroom, one-bath home with a formal dining area, carport parking, and southwest greenbelt views.
Where is this single family property located?
The property is located at 1441 Homewood Rd. M5-96D Seal Beach, CA.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: Two‑bedroom, one‑bath fully expanded home on a greenbelt; Southwest exposure with greenbelt view and ocean breezes; Built in 1962; 1,125 SF home size
