Corner Residential Income
For Sale
$579,000
Pending
1470 Homewood Road, Seal Beach, CA 90740
Seal Beach, CA
Property Size1,100 SF
Lot Size0.03 Acres
Days on Market252
Property Features for 1470 Homewood Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Laundry Room, Bathroom 2, Bedroom 1, Kitchen, Bathroom 1, Bedroom 2
Parking
1
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
Go straight , Turn right at Homewood Rd. 1st carport building left , building 90
Standard status
Pending
APN
94728506
Size
1,100 SF
Lot size
0.03 Acres
Taxes and HOA fees
HOA Fee
$571 Monthly
Utilities
Sewer type
Public Sewer
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
1964
Floors in Building
1
Number of units
12
Listing Agency:
Coldwell Banker Envision · Berkshire Hathaway HomeServices
(562) 594-0515
Listed By:
Wook Cho · License #01741837
(714) 944-4998
Added: Feb 14
Changed: Oct 24
Last Checked: Oct 24 at 5:06AM
MLS# PW26034345
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 1,100-square-foot residential income property is an expanded corner unit with an east-facing orientation and two bedrooms plus one and a half baths. Interior features include laminate flooring, smooth ceilings, a walk-in closet, dishwasher, two refrigerators, wood shutters, and a washer and dryer. Heating and cooling are provided by a heat pump.
Built in 1964, the property is served by public water and public sewer. A greenbelt setting adds an outdoor-facing element to the residence, while the recorded parking information identifies Carport 64, Space 19.
Built in 1964, the property is served by public water and public sewer. A greenbelt setting adds an outdoor-facing element to the residence, while the recorded parking information identifies Carport 64, Space 19.
Key Highlights
- 1,100 square feet with two bedrooms and one and a half baths
- Expanded corner unit with east‑facing orientation
- Heat pump, washer and dryer, and dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,996
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,920
$419.9K
Cap Rate 7%
$299,943
$299.9K
Cap Rate 9%
$233,289
$233.3K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$39.6K $36.00/SF
− Vacancy
−$1.4K −$1.30/SF
EGI
$38.2K $34.70/SF
− OpEx
−$17.2K −$15.62/SF
NOI
$21.0K $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 Rate 5%
$419,920
Cap Rate 7%
$299,943
Cap Rate 9%
$233,289
Alternative Uses
Best Use
Apartment 5plus
$299.9K
$262.5K – $349.9K
NOI $20,996 @ 7.0% cap · market cap 3.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$369.5K
$323.3K – $431.1K
NOI $25,863 @ 7.0% cap · market cap 4.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
472
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Expanded two-bedroom residence with in-home laundry, heat pump, and laminate flooring throughout.
Where is this residential income property located?
The property is located at 1470 Homewood Road Seal Beach, CA.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: 1,100 square feet with two bedrooms and one and a half baths; Expanded corner unit with east‑facing orientation; Heat pump, washer and dryer, and dishwasher
