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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 24 out of 492
$2,600,000 For Sale

8177 Garfield Avenue
Huntington Beach, CA 92646

8 units | Multi Family Home
13382 sq ft - MLS# PW19056253
Property Photo
1/11

Description

The Garfield Avenue Apartments is a centrally-located 8-unit investment property in Huntington Beach. Built in 1965, the property offers all spacious one-bedroom units. The building has ample garage parking, a private courtyard, and access to an on-site laundry facility. The Garfield Apartments offer investors an opportunity to purchase a stabilized, low vacancy coastal investment property that still carries an additional 12% rental upside in a premium rental market. The property is located in the tranquil neighborhoods of Huntington Beach, just east of Beach Boulevard. Walking distance to Starbucks as well as other shops and restaurants on Beach Blvd., it’s an easy place to keep tenants due to the quiet and privacy of the property. Don’t miss your chance to own a coastal investment property in a very desirable location. **Property will be shown upon accepted offer only**

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 92646
  • Year Built: 1965
  • Stories: Two
  • Units: 8 units
  • # of Parking Spaces: 8.00
  • Lot Size: 13382 sq ft
  • Area: 699 - Not Defined
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 6547.00
  • Building Area Units: Square Feet
  • Cap Rate: 3.80
  • Co-Listing Agent License: 01983950
  • Common Walls: 2+ Common Walls
  • Community Features: Suburban
  • Country: US
  • Directions: Please Contact Listing Agent Chris Pettit For All Directions - (949)756-3232
  • Garage Spaces: 8.00
  • Gross Income: 98566.00
  • Gross Multiplier: 17.38
  • Gross Operating Income: 145081.00
  • Gross Scheduled Income: 149568.00
  • Laundry Features: Community
  • Laundry YN: Yes
  • Listing Agent License: 00955403
  • Listing Office License: 01921625
  • Lot Features: 6-10 Units/Acre
  • Lot Size Area: 13382.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 98566.00
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Water Meters: 9
  • Operating Expense: 46515.00
  • Operating Expense Percent: 31.10
  • Parking Features: Assigned
  • Parking YN: Yes
  • Property Attached YN: Yes
  • Sewer: Public Sewer
  • Stories Total: 2
  • Total Expenses: 46515.00
  • Water Source: Public
Courtesy of Triqor Group, Gary Tolfa

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