513 Ocean Avenue
About This Property
This unique property presents a fantastic opportunity to own a single-family residence with 3 Bedrooms and 4 bathrooms in the front house or capitalize on its potential as a legal duplex with it's recently constructed 2 bed 1 bath back unit, providing flexibility for both personal use and income generation. Recently, the owners have invested hundreds of thousands in modern upgrades, enhancing the home while preserving its distinctive beach house charm.
The attached unit features 2 bedrooms and 1 bathroom, complemented by a rooftop deck that boasts an ocean view and a hot tub - perfect for relaxation or entertaining.
Additional features include:
- Spacious yard
- Three-car garage
- Master bedroom on the lower level
With great neighbors, award-winning schools, and convenient access to the 405/22/605 freeways and three major airports, this home is ideally positioned for both convenience and luxury. Don't miss this rare opportunity to own a piece of paradise in Seal Beach.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 15, 2025 | Sold | ||
| Sold | |||
| Dec 2, 2024 | No longer available | - | |
| No longer available | |||
| Oct 9, 2024 | Relisted | $3,999,900 | |
| Relisted | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
| Jul 1, 2024 | Listed by Compass | $3,999,900 | |
| Listed by Compass | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017