Expanded Two-Bedroom Retirement
For Sale
$350,000
1642 Merion, Seal Beach, CA 90740
MULTI_FAMILY - Modern - Seal Beach, CA
Property Size950 SF
Price / SF$368.42
Days on Market36
Property Features for 1642 Merion
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
1
Rooms
Bathroom 1, Laundry Room, Bedroom 2, Kitchen, Bedroom 1
Parking
1
Parking features
Carport
Spa
1
Window features
Double Pane Windows
Patio and Porch features
Patio
Interior features
High Ceilings, Open Floorplan, Formica Counters
Appliances
Refrigerator, Dishwasher, Electric Cooktop
Subdivision
Leisure World (LW)
Lot features
Landscaped, Lawn
Elementary school district
Seal Beach Unified
Middle school district
Seal Beach Unified
High school district
Seal Beach Unified
Directions
Fronts to Thunderbird, South of St. Andrews Dr.
Standard status
Active
Size
950 SF
Taxes and HOA fees
HOA Fee
$649 Monthly
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
swimming pools
golf course
fitness center
library
post office
on-site chapels
RV parking
pickleball courts
billiards room
bocce area
Building Details
Year built
1962
Floors in Building
1
Number of units
1
Flooring type
Vinyl
Architectural style
Modern
Listing Agency:
Y Realty
(877) 976-5348
Listed By:
Noelle Longmeyer · License #01313351
(714) 514-5643
Added: Jun 26
Changed: Jul 31
Last Checked: Jul 31 at 6:06PM
MLS# PW26160284
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.
Set within Mutual 2 in Leisure World, Seal Beach, this single-level, modern retirement home offers an expanded two-bedroom layout with a dedicated dining area and a large living room opening to the kitchen. The interior is described as move-in ready with fresh paint, luxury vinyl plank flooring, newer dual pane windows, a custom dual pane glass door, and skylights. The bathroom includes a walk-in shower designed for easy, step-free access.
Comfort features include central heating and central air, plus a dedicated interior laundry area with a stackable washer dryer included. The home also has a patio with a dedicated storage closet, and a carport for parking. Additional notes include high ceilings, an open floorplan, and Formica counters.
Leisure World is a secure, beautifully landscaped campus with amenities such as multiple swimming pools, a golf course, fitness center, library, post office, and on-site chapels. The community also lists RV parking, pickleball courts, a billiards room, and a bocce area. This is a stock cooperative, with cash-only sales considered for this unit.
Built in 1962, the home connects to public water and public sewer, with electricity available.
Comfort features include central heating and central air, plus a dedicated interior laundry area with a stackable washer dryer included. The home also has a patio with a dedicated storage closet, and a carport for parking. Additional notes include high ceilings, an open floorplan, and Formica counters.
Leisure World is a secure, beautifully landscaped campus with amenities such as multiple swimming pools, a golf course, fitness center, library, post office, and on-site chapels. The community also lists RV parking, pickleball courts, a billiards room, and a bocce area. This is a stock cooperative, with cash-only sales considered for this unit.
Built in 1962, the home connects to public water and public sewer, with electricity available.
Key Highlights
- Expanded two‑bedroom single‑level modern retirement home in Mutual 2 at Leisure World, Seal Beach
- Move‑in‑ready interior with fresh paint, luxury vinyl plank flooring, newer dual pane windows, and skylights
- Walk‑in shower with easy, step‑free access plus bathroom skylight
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.2k | $36.00 |
| − Vacancy | −$1.2k | −$1.30 |
| EGI | $33.0k | $34.70 |
| − OpEx | −$14.8k | −$15.62 |
| NOI | $18.1k | $19.09 |
950 SF · lease $36.00/SF/yr · vacancy 3.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$259.0K
$226.7K – $302.2K
NOI $18,133 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$319.1K
$279.2K – $372.3K
NOI $22,336 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
500
Businesses Nearby
Under-served
Demand for This Use
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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Similar Off Market Nearby
- Redeemer Adult Day Care — 13564 St Andrews Dr, Seal Beach, CA 90740
Frequently Asked Questions
What type of property is this?
Senior housing / Retirement Home - Expanded two-bedroom home in a 55+ guard-gated community with a walk-in shower, patio, skylights, and central heating and AC.
Where is this senior housing / retirement home located?
The property is located at 1642 Merion Seal Beach, CA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Expanded two‑bedroom single‑level modern retirement home in Mutual 2 at Leisure World, Seal Beach; Move‑in‑ready interior with fresh paint, luxury vinyl plank flooring, newer dual pane windows, and skylights; Walk‑in shower with easy, step‑free access plus bathroom skylight
