2999 Westminster Boulevard, Seal Beach, CA 90740
  • MLS#: OC25095956 ( Office )
  • Street Address: 2999 Westminster Boulevard
  • Viewed: 2
  • Price: $6,000,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1969
  • Bldg sqft: 0
  • Days On Market: 17
  • Additional Information
  • County: ORANGE
  • City: Seal Beach
  • Zipcode: 90740
  • Provided by: Altamira Properties
  • Contact: Serena Serena
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    TREMENDOUS UPSIDE OPPORTUNITY! Rarely does a Commercial Multi Tenant building come available in a Prime Location with a 5:1000 Parking Ratio that is producing strong income at only 49% leased. Seller has been keeping 51% available for an Owner/User with SBA Financing. Perfect for a Medical Operator (Medical with CUP). ProForma Income estimated at $65,000 to $75,000/month fully leased. This building is an incredible investment and has no deferred maintenance. New Roof in 2023; Fully Renovated in 2007 bringing Electrical and Air Handling up to code. Owner Occupies second (2nd) Floor currently and has been actively managing and maintaining the property. There is nothing at this age and price point in such good condition. High Quality Long Term Tenants occupy the first floor with only one small space available. Tenant mix consists of a Periodontist, Wellness Practice, Pilates Studio, Insurance and other healthcare related services. The building provides not only 56 Parking Spaces (5:1000) but has a Reciprocal Parking Agreement (in Perpetuity) with adjacent Seal Beach Village Plaza so there is even more parking availability. This is ideal for Medical Use and rare to find in a building a few minutes from the beach. Strategically positioned adjacent to the intersection of Seal Beach Boulevard and Westminster Avenue. Seal Beach Boulevard conveniently features a nearby on/ off ramp to the I 405 Freeway. The location boasts strong demographics consisting of 351,499 permanent residents with an average household income in excess of $90,000 within a five (5) mile radius, and 86,392 permanent residents with an average household incomeof $103,373 within a three (3) mile radius of 2999 Westminster Ave. Within 5 10 minutes drive time to multiple beaches and coastal areas in Seal Beach, Sunset Beach, Long Beach and Huntington Beach.
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Features
Accountingtype
  1. Actual
Anchors Cotenants
  1. PERIODONTIST
Assetclass
  1. Office
Building Area Total
  1. 13000.00
Building Name
  1. GENTNER OFFICE BUILDING
Carport Spaces
  1. 0.00
Commoninterest
  1. None
Construction Materials
  1. Brick
  2. Concrete
  3. Glass
  4. Stucco
Country
  1. US
Current Financing
  1. Conventional
Current Use
  1. Commercial
Current Use Comments
  1. MULTI-TENANT
Electric
  1. Photovoltaics Seller Owned
Exclusions
  1. SELLERS AND TENANTS PERSONAL PROPERTY
Expense Year
  1. 2024
Heating
  1. Combination
  2. Forced Air
  3. Solar
Insurance Expense
  1. 4056.00
Land Use
  1. Office
Laundry Features
  1. None
Netoperatingincome
  1. 248093.00
Parcel Number
  1. 09564144
Parking Ratio
  1. 5.00
Property Type
  1. Office
Roof
  1. Spanish Tile
Security Features
  1. Security System
  2. Smoke Detector(s)
  3. Wired for Alarm System
Topography
  1. FLAT
Totalbuildingnra
  1. 13000
Totalexpenses
  1. 109431.00
Uncovered Spaces
  1. 56.00
Utilities
  1. Electricity Connected
  2. Phone Available
  3. Phone Connected
  4. Sewer Connected
  5. Water Connected
Virtual Tour Url
  1. https://www.wellcomemat.com/mls/59s58a105be61m4f0
Water Source
  1. Public
Year Built
  1. 1969
Year Built Source
  1. Assessor
Zoning
  1. COMM