Corner Residential Income
For Sale
$649,000
1543 Merion Way, Seal Beach, CA 90740
Seal Beach, CA
Property Size1,000 SF
Price / SF$649
Days on Market19
Property Features for 1543 Merion Way
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Laundry Room, Bathroom 1, Den, Bedroom 2, Bedroom 1
Parking
1
Parking features
Carport
Spa
1
Window features
Double Pane Windows
Interior features
Quartz Counters, Built-in Features
Appliances
Microwave, Refrigerator, Electric Range, Dishwasher
Subdivision
Leisure World (LW)
Lot features
0-1 Unit/ Acre
View
Park
Elementary school district
Los Alamitos Unified
Middle school district
Los Alamitos Unified
High school district
Los Alamitos Unified
Directions
Off of Thunderbird, Turn onto Merion, park near building 45
Standard status
Active
APN
94727252
Size
1,000 SF
Taxes and HOA fees
HOA Fee
$587 Monthly
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Zoned, Ductless (Heating)
Cooling system
Ductless, Zoned
Water source
Public
Building Details
Year built
1962
Floors in Building
1
Number of units
1
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(562) 494-4600
Listed By:
Nikki Olson · License #02139847
(714) 599-4608
Added: Sep 29
Changed: Oct 17
Last Checked: Oct 17 at 7:06AM
MLS# PW26212429
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 1,000-square-foot corner residence at 1543 Merion Way includes two bedrooms, two bathrooms, and a den. Interior features include laminate flooring, shutters, recessed lighting, energy-efficient windows, and multiple skylights. The kitchen has quartz counters, white cabinetry, a farmhouse sink, and a microwave, refrigerator, electric range, and dishwasher. Two mini-split systems provide zoned heating and cooling. A dining area with an office alcove connects to the covered entry patio; a second patio faces a greenbelt. A carport is included.
Leisure World Seal Beach amenities nearby include a clubhouse, fitness center, swimming pool, 9-hole golf course, amphitheater, cafe, and pharmacy. The property was built in 1962 and has public water and sewer service.
Leisure World Seal Beach amenities nearby include a clubhouse, fitness center, swimming pool, 9-hole golf course, amphitheater, cafe, and pharmacy. The property was built in 1962 and has public water and sewer service.
Key Highlights
- 1,000 square feet with two bedrooms, two bathrooms, and a den
- Corner residence with covered entry patio and a second patio overlooking a greenbelt
- Two mini‑split systems provide zoned heating and cooling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,087
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,740
$381.7K
Cap Rate 7%
$272,671
$272.7K
Cap Rate 9%
$212,078
$212.1K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$36.0K $36.00/SF
− Vacancy
−$1.3K −$1.30/SF
EGI
$34.7K $34.70/SF
− OpEx
−$15.6K −$15.62/SF
NOI
$19.1K $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%
$381,740
Cap Rate 7%
$272,671
Cap Rate 9%
$212,078
Alternative Uses
Best Use
Apartment 5plus
$272.7K
$238.6K – $318.1K
NOI $19,087 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$335.9K
$293.9K – $391.9K
NOI $23,512 @ 7.0% cap · market cap 3.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
512
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 - A two-bedroom corner residence features updated interiors, zoned mini-split systems, and covered outdoor spaces.
Where is this residential income property located?
The property is located at 1543 Merion Way Seal Beach, CA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 1,000 square feet with two bedrooms, two bathrooms, and a den; Corner residence with covered entry patio and a second patio overlooking a greenbelt; Two mini‑split systems provide zoned heating and cooling
