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Keith Nichols

Keith Nichols
Sells Orange County
Huntington Beach, CA

714-417-1363
Contact Me
DRE #01050395

Contact Me





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Listing 95 out of 500
$1,299,999 For Sale

7871 Newman Avenue
Huntington Beach, CA 92647

4 units | Multi Family Home
9043 sq ft lot - MLS# OC19129223
Property Photo

Description

Excellent income producing triplex plus 1 storage/studio. One 3 beds/1 bath and two 2 beds/1 bath and 1 storage. All unit have laundry room and own backyard. New owner can easily raise rent to market level. Market rent for each unit should be $1,800. All rental are below market level. Current rent is $1,750, $1700, $1600, and $400 ($65,400 per year). Current owner only pay for water ($120 per month). Tenants pay all other utilities. Very convenience for renter as it is close to Walmart, banks, and hospital. Only 4 miles from the beach. This property has a huge lot, 9,000+ square foot.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 92647
  • Year Built: 1963
  • Stories: One
  • Units: 4 units
  • Lot Size: 9043 sq ft lot
  • Area: 14 - South Huntington Beach
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 3000.00
  • Building Area Units: Square Feet
  • Common Walls: 1 Common Wall
  • Community Features: Park
  • Country: US
  • Directions: South
  • Gross Scheduled Income: 65400.00
  • Insurance Expense: 1000.00
  • Laundry Features: Inside
  • Laundry YN: Yes
  • Listing Agent License: 01823787
  • Listing Office License: 01823787
  • Lot Features: 2-5 Units/Acre
  • Lot Size Area: 9043.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 48180.00
  • New Taxes Expense: 14300.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 3
  • Operating Expense: 3440.00
  • Property Attached YN: Yes
  • Sewer: Public Sewer
  • Stories Total: 1
  • Total Expenses: 17220.00
  • Trash Expense: 480.00
  • Water Sewer Expense: 1440.00
  • Water Source: Well
  • Year Built Source: Public Records
Courtesy of Khoa Ha, Broker, Khoa Ha

Keith Nichols | 714-417-1363 | Contact Me
Huntington Beach, CA 92646
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