Two-Bedroom Corner Atrium
1940 Mckinney Way Seal Beach, CA 90740
New
1940 Mckinney Way, Seal Beach, CA, 90740
$700,000
Pending
For Sale
$700,000
Pending
MULTI_FAMILY - Contemporary, Bungalow - Seal Beach, CA
Property Size1,100 SF
Days on Market6
Property Features for 1940 Mckinney Way
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 1
- Rooms
- Bathroom 1, Bedroom 2, Bedroom 1, Laundry Room, Kitchen
- Parking
- 1
- Parking features
- Covered, Driveway, Carport
- Spa
- 1
- Window features
- Blinds, Skylight(s), Screens, Double Pane Windows
- Patio and Porch features
- Patio, Porch
- Interior features
- Corian Counters, High Ceilings, Storage, Copper Plumbing Full, Cathedral Ceiling(s)
- Exterior features
- Rain Gutters
- Appliances
- Water Heater, Disposal, Built-In Range, Electric Range, Electric Oven, Electric Cooktop
- Standard status
- Pending
- APN
- 20003101
- Size
- 1,100 SF
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Water source
- Public
Building Details
- Year built
- 1964
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Laminate
- Building materials
- Stucco, Drywall Walls
- Roof type
- Composition
- Architectural style
- Contemporary, Bungalow
- Additional Structures
- Storage
Listing agency
Gasper-Monteer Realty Group
(562) 431-2440
Listed by
Carl Kennedy · License #02002398
(661) 810-9410
Added: Jul 18 Updated: Jul 20 at 12:24PM Checked: Jul 23 at 3:06AM
MLS# PW26157356
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.
This two-bedroom, one-bath home features a basic corner atrium and practical indoor/outdoor living. Recent updates include new flooring and new windows. A huge covered patio extends the usable space for everyday comfort.
The home is described as facing southwest and located in Mutual 15, with large greenbelts on both sides. The listing also notes a carport building and space: Building 11, Space 11.
Overall, the layout is designed around the corner atrium, with improvements focused on the interior finishes and fenestration, and a covered patio that supports year-round use.
The home is described as facing southwest and located in Mutual 15, with large greenbelts on both sides. The listing also notes a carport building and space: Building 11, Space 11.
Overall, the layout is designed around the corner atrium, with improvements focused on the interior finishes and fenestration, and a covered patio that supports year-round use.
Key Highlights
- 2 bed, 1 bath corner unit with an atrium layout
- Huge covered patio plus porch for outdoor space
- Corian counters and high ceilings; cathedral ceilings in the home
Local 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 | $39.6k | $36.00 |
| − Vacancy | −$1.4k | −$1.30 |
| EGI | $38.2k | $34.70 |
| − OpEx | −$17.2k | −$15.62 |
| NOI | $21.0k | $19.09 |
1,100 SF · lease $36.00/SF/yr · vacancy 3.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$299.9K
$262.5K – $349.9K
NOI $20,996 @ 7.0% cap · market cap 3.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$369.5K
$323.3K – $431.1K
NOI $25,863 @ 7.0% cap · market cap 3.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Two-bedroom, one-bath corner home with a covered patio, updated flooring and windows, and a designated carport space.
Where is this single family property located?
The property is located at 1940 Mckinney Way Seal Beach, CA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 2 bed, 1 bath corner unit with an atrium layout; Huge covered patio plus porch for outdoor space; Corian counters and high ceilings; cathedral ceilings in the home
