5663 sq ft - MLS# PW18222875
Sold
Sold for $2,050,000 on Nov 15, 2018
Description
ON TWO LOTS.......A rare opportunity to own a residential income property on a double lot (perfect for building) in the highly sought after area of downtown Huntington Beach. Centrally located only 1.5 short blocks from the beach and a few blocks to the Pier, Main Street, the Strand and newly developed Pacific City. All the units are spacious and the upstairs units come with balconies and the downstairs units with private patios. The property has a total of 7 car garage comprised of 3 single car garages off the alley and the interior area with 2 single car and 1 double car garage. Roof was replaced approximately 8 years ago. Community laundry area with hook-ups not currently used.
Features
- Property Type: Multi Family Home
- Sub Type: Multi Family Home
- Listing Status: Closed
- Listing Price: $2,264,000
- Zip Code: 92648
- Year Built: 1976
- Subdivision/Neighborhood: Downtown Area (Down)
- Stories: Two
- Units: 4 units
- # of Parking Spaces: 6.00
- Lot Size: 5663 sq ft
- Area: 15 - West 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: 3864.00
- Building Area Units: Square Feet
- Community Features: Curbs, Sidewalks, Storm Drains, Street Lighting
- Country: US
- Directions: Traveling north on Goldenwest to Olive turn right to 13th St. turn right the property will be on the left
- Electric: Standard
- Electric Expense: 611.00
- Flooring: Carpet, Tile
- Fuel Expense: 827.00
- Garage Spaces: 6.00
- Gardener Expense: 480.00
- Gross Income: 104140.00
- Gross Scheduled Income: 104140.00
- Heating: Central Furnace
- Heating YN: Yes
- Insurance Expense: 1500.00
- Listing Agent License: 00835311
- Listing Office License: 01878341
- Lot Features: Level with Street
- Lot Size Area: 5663.0000
- Lot Size Source: Assessor
- Lot Size Units: Square Feet
- MLS: CRM
- Net Operating Income: 92250.00
- New Taxes Expense: 26640.00
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 4
- Number Of Separate Gas Meters: 4
- Number Of Separate Water Meters: 1
- Number Of Units Leased: 6
- Operating Expense: 11887.00
- Parking Features: Assigned
- Parking YN: Yes
- Road Frontage Type: Alley, City Street
- Road Surface Type: Alley Paved
- Selling Agent: Phillip Ma
- Selling Agent License: 01980156
- Selling Office: Phillip Ma, Broker
- Sewer: Public Sewer
- Stories Total: 2
- Total Actual Rent: 9050.00
- Total Expenses: 4798.00
- Trash Expense: 1380.00
- Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
- Water Sewer Expense: 1380.00
- Water Source: Public
- Year Built Source: Assessor
- Sold Date: 2018-11-15 00:00:00
- Sold Price: 2050000.00
Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-20. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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