One-Bedroom Senior Residential
New
For Sale
$265,000
1603 Merion Way, Seal Beach, CA 90740
Seal Beach, CA
Property Size600 SF
Price / SF$441.67
Days on Market3
Property Features for 1603 Merion Way
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Family Room, Bathroom 1, Bedroom 1
Parking
2
Parking features
Assigned, Carport
Spa
1
Subdivision
Leisure World (LW)
Elementary school district
Los Alamitos Unified
Middle school district
Los Alamitos Unified
High school district
Los Alamitos Unified
Directions
cross streets are Westminster Blvd and Seal Beach Blvd
Standard status
Active
Size
600 SF
Taxes and HOA fees
HOA Fee
$610 Monthly
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
community laundry
fitness center
healthcare center
pharmacy
administration building
amphitheater swimming pool
9 hole golf course
library
community garden
RV storage
Building Details
Year built
1962
Floors in Building
1
Number of units
1
Listing Agency:
Real Broker
(619) 248-6434
Listed By:
Rick Lee · License #02130981
(714) 943-1598
Added: Oct 28
Changed: Oct 29
Last Checked: Oct 30 at 7:06PM
MLS# PW26232811
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 600-square-foot residence in Mutual 2 has one bedroom and one bathroom. Interior features include newer flooring and fresh paint, with one assigned carport space. Community laundry is accessible nearby, and street parking is also available.
Leisure World Seal Beach is a 55+ community with a fitness center, healthcare center, pharmacy, administration building, amphitheater swimming pool, and 9-hole golf course. Additional shared amenities include a library, community garden, RV storage, and more than 200 clubs.
Leisure World Seal Beach is a 55+ community with a fitness center, healthcare center, pharmacy, administration building, amphitheater swimming pool, and 9-hole golf course. Additional shared amenities include a library, community garden, RV storage, and more than 200 clubs.
Key Highlights
- 600‑square‑foot, one‑bedroom, one‑bathroom residence
- Built in 1962
- One assigned carport parking space; nearby street parking is also available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,452
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$229,040
$229.0K
Cap Rate 7%
$163,600
$163.6K
Cap Rate 9%
$127,244
$127.2K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$21.6K $36.00/SF
− Vacancy
−$778 −$1.30/SF
EGI
$20.8K $34.70/SF
− OpEx
−$9.4K −$15.62/SF
NOI
$11.5K $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 Rate 5%
$229,040
Cap Rate 7%
$163,600
Cap Rate 9%
$127,244
Alternative Uses
Best Use
Apartment 5plus
$163.6K
$143.2K – $190.9K
NOI $11,452 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$201.5K
$176.3K – $235.1K
NOI $14,107 @ 7.0% cap · market cap 5.32%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
472
Businesses Nearby
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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 - The 55+ community offers access to shared laundry and a range of recreational and service amenities.
Where is this residential income property located?
The property is located at 1603 Merion Way Seal Beach, CA.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 600‑square‑foot, one‑bedroom, one‑bathroom residence; Built in 1962; One assigned carport parking space; nearby street parking is also available
