Thank you
Noam Srolovitz
Kape Property Management, Inc.
310-912-7808
We are pleased to present this turnkey 5 unit apartment community located in the heart of Huntington Beach, at an in-place 4.83% cap rate (proforma 5.12%) and 15 GRM. This asset comprises an attractive unit mix of two 3-Bed/2-Bath units (~1,100 SF each) & three 2-Bed/1.5-Bath townhomes (~990 SF each). The property - interior and exterior - has been upgraded and professionally designed over the course of the last ~12 months, including windows, kitchens, bathrooms, lighting, appliances (including laundry in each unit), flooring, exterior paint, lighting & landscaping, roof (2019), partial plumbing and electric. In addition, the property now boasts a spectacular ~1,100 SF 3-Bed/2-Bath ADU. Qualified, market-rate, long-term tenants in place, these units leased FAST due to exquisite exterior and interior design, amenities like brand new kitchens & baths, private outdoor spaces, in-unit laundry, AC (ADU), and townhome-style layouts (3 units). Separate gas and electrical meters for each unit. NO LOCAL RENT CONTROL - subject only to AB 1482. Four on-site parking spaces too. Located in prime Orange County in one of the strongest rental markets. Short distance to beaches, HB Pier, neighborhood shopping center, grocery stores, trails and more.
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Total Bedrooms : 12
Total Baths: 9
Full Baths: 0
Half Baths: 0
Interior Features: Ceiling Fan(s)
Property Appliances: Dishwasher,Gas Cooktop,Gas Oven,Microwave,Oven,Refrigerator,Dryer,Washer
Combination
Has Heating
Year Built: 1964
Building Area Total: 5,155
Inside
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.14
Lot Size Dimensions: 62x100
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6098
Original List Price: 2,950,000
Listing Contract Date: 2024-02-29
Listing Agreement: Seller Reserved
Parcel Number: 15905507
Garage Description: Assigned
Lease Term: Negotiable
Tenant Pays: Cable TV,Electricity,Gas
Source Listing Status: Active
Source Neighborhood: 15 - West Huntington Beach
Postal Code Plus 4: 1645
Directions: West of Beach Blvd
Zoning: R3
Source Property Type: Residential Income
Area: 15 - West Huntington Beach
Property Age: 60
Year Built Source: Vendor Enhanced
Total Square Feet Living: 5155
Levels or Stories: Two
Building Total Stories: 2
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 |
7676 Park Bay Drive, Huntington Beach, CA,92648 | $1,299,000 | 3 | 2 | 2,022 | 2291 Sqft |
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ByOwner last updated this listing 05/04/2024 @ 09:42
MLS: 24350231
LISTED BY: Noam Srolovitz, Kape Property Management, Inc.
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.