Residential Income Property with
New
For Sale
$649,000
1851 McKinney Way, Seal Beach, CA 90740
Seal Beach, CA
Property Size1,200 SF
Price / SF$540.83
Days on Market1
Property Features for 1851 McKinney Way
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Laundry Room, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2
Parking
1
Parking features
Carport, Assigned
Spa
1
Window features
Screens, Skylight(s), Double Pane Windows, Blinds
Patio and Porch features
Patio
Interior features
Built-in Features, Pantry, Open Floorplan, Stone Counters, Cathedral Ceiling(s)
Appliances
Electric Oven, Electric Cooktop, Ice Maker, Refrigerator, Disposal, Dishwasher, Microwave
Subdivision
Leisure World (LW)
Elementary school district
Los Alamitos Unified
Middle school district
Los Alamitos Unified
High school district
Los Alamitos Unified
Directions
Immediate right after entering main gate, talk all the way around to Oak Hills, make a right and follow around to Brookline, left and immediate right at carports. Follow carport around and park by building 213.
Standard status
Active
Size
1,200 SF
Taxes and HOA fees
HOA Fee
$613 Monthly
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
9 Hole Golf Course
Swimming Pool
Jacuzzi
Gym
Table Tennis
Shuffle Board
Billiards
Pickle Ball
Bocce Ball courts
Amphitheater
Art Room
Sewing
Crafts
Wood Shops
Lapidary
Pool Tables
Over 200 Clubs
Security Guard-Gated Community
Library
Friends of Library Bookstore
Credit Union
Health Care Center
Pharmacy
Post Office
Building Details
Year built
1962
Floors in Building
1
Number of units
1
Flooring type
Tile
Building materials
Concrete, Drywall Walls
Roof type
Composition
Architectural style
Contemporary
Buildings
1
Listing Agency:
Gasper-Monteer Realty Group
(562) 431-2440
Listed By:
Nicholas Monteer · License #01927606
(213) 880-8220
Added: Oct 24
Last Checked: Oct 24 at 3:06PM
MLS# PW26230160
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 1,200-square-foot residence has two bedrooms, two bathrooms, a central atrium with an operable skylight, and living space that opens toward the atrium. The kitchen includes stone counters and stainless steel appliances. Both bathrooms have been remodeled, and the home also features central heating and air conditioning, an in-unit washer and dryer, and a den with a Murphy bed. Covered and open patios provide outdoor space, with storage also available.
Set within a guard-gated senior community, the property has access to a 9 Hole Golf Course, swimming pool, Jacuzzi, gym, and courts for pickleball and bocce ball, among other recreational amenities. Community facilities include six clubhouses, a library, a health care center, a pharmacy, and a post office.
Set within a guard-gated senior community, the property has access to a 9 Hole Golf Course, swimming pool, Jacuzzi, gym, and courts for pickleball and bocce ball, among other recreational amenities. Community facilities include six clubhouses, a library, a health care center, a pharmacy, and a post office.
Key Highlights
- 1,200‑square‑foot residence with two bedrooms and two bathrooms
- Atrium features an operable skylight
- Den includes a Murphy bed and French doors opening to the atrium
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,905
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,100
$458.1K
Cap Rate 7%
$327,214
$327.2K
Cap Rate 9%
$254,500
$254.5K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$43.2K $36.00/SF
− Vacancy
−$1.6K −$1.30/SF
EGI
$41.6K $34.70/SF
− OpEx
−$18.7K −$15.62/SF
NOI
$22.9K $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%
$458,100
Cap Rate 7%
$327,214
Cap Rate 9%
$254,500
Alternative Uses
Best Use
Apartment 5plus
$327.2K
$286.3K – $381.8K
NOI $22,905 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$403.1K
$352.7K – $470.2K
NOI $28,214 @ 7.0% cap · market cap 4.35%
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
595
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 - A two-bedroom residence combines indoor-outdoor living with access to amenities in a guard-gated senior community.
Where is this residential income property located?
The property is located at 1851 McKinney 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: 1,200‑square‑foot residence with two bedrooms and two bathrooms; Atrium features an operable skylight; Den includes a Murphy bed and French doors opening to the atrium
