Thank you
Matthew Kanoudi
The L3
714-444-4663
UNBELIEVABLE INVESTMENT OPPORTUNITY to become the next owner of an amazing, newly-remodeled 5 unit complex located on a DOUBLE LOT in the heart of Downtown Huntington Beach! There are two buildings on-site, one with 3 units in the front and one with 2 units in the back. Each unit is a 1 bed/1 bath with 480 sq of living space and their own respective patio/yard areas in front. When I say remodeled, I mean it was a COMPLETE renovation. Some of the upgrades include: brand new roof, new sewer lines, new PEX plumbing, new gas lines, new electrical (panels, meters, wires, outlets, switches, lights), new cabinets, New appliances (microwave, range (gas), dishwasher, W/D hookups (gas), new flooring, new paint, new hardscape/landscape, irrigation, new stucco and stacked stone, new doors and windows, New shower tile/glass (each unit has different color), and more! Each unit has its own parking spot at the rear of the property. After the remodel, the owner signed all new tenants with one year leases that initiated in August of 2023 at fair market rent for that time. Not easy finding a double lot investment property let alone one that is remodeled top to bottom and located within 3 blocks of the ocean and Pacific City. As of the moment writing this, there is nothing like it on the market in the area so do not wait to act as opportunities like these are fleeting.
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Water Source : Public
Sewer : Sewer Tap Paid
See Remarks
Air Conditioning
Year Built: 1956
Building Area Total: 2,400
None
Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.15
Lot Size Source: Assessor
Lot Size Square Feet: 6534
Original List Price: 2,990,000
Listing Contract Date: 2024-03-14
Listing Agreement: Exclusive Right To Sell
Parcel Number: 02420320
Lease Term: Negotiable
Tenant Pays: Electricity,Gas
Source Listing Status: Active
Source Neighborhood: 15 - West Huntington Beach
Postal Code Plus 4: 5238
Directions: Off of Chicago and Alabama
Source Property Type: Residential Income
Area: 15 - West Huntington Beach
Property SubType: Apartment
Property Age: 68
Common Walls: 2+ Common Walls
Structure Type: Apartment
Year Built Source: Appraiser
Entry Level: 1
Entry Location: 1
Property Attached: Yes
Levels or Stories: One
Building Total Stories: 1
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
414 Main St. #325, Huntington Beach, CA,92648 | $2,220,930 | 2 | 2 | 1,828 | 19602 Sqft |
7761 Garfield Avenue, Huntington Beach, CA,92648 | $4,553,990 | 8 | 4 | 6,000 | 9600 Sqft |
701 Huntington Street, Huntington Beach, CA,92648 | $2,560,000 | 3 | 6 | 3,377 | 3259 Sqft |
1112 Park Street, Huntington Beach, CA,92648 | $7,695,000 | 6 | 6 | 5,500 | 10698 Sqft |
205 Huntington Street, Huntington Beach, CA,92648 | $3,300,000 | 7 | 4 | 3,366 | 6615 Sqft |
315 13th Street, Huntington Beach, CA,92648 | $2,490,000 | -- | -- | -- | 5850 Sqft |
20701 Beach Boulevard #.., Huntington Beach, CA,92648 | $114,900 | 2 | 2 | 1,440 | -- |
1208 Delaware Street, Huntington Beach, CA,92648 | $1,092,000 | 3 | 1 | 840 | 3308 Sqft |
6582 Radcliff Circle, Huntington Beach, CA,92648 | $4,995,000 | 5 | 4 | 4,000 | 11274 Sqft |
7648 Bay Drive #102, Huntington Beach, CA,92648 | $624,900 | 2 | 1 | 936 | -- |
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ByOwner last updated this listing 05/16/2024 @ 16:59
MLS: OC24051859
LISTED BY: Matthew Kanoudi, The L3
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.