This is an opportunity to buy and hold for future appreciation/redevelopment over the long term or immediate redevelopment in the short term with multiple possibilities: Site is currently two legal lots (25' X 115') and is buildable for two detached 3 story single family homes. No Wells on the site!
Recent sales of new and recently constructed homes on similar 25 foot wide lots on the numbered streets range from: $3,325,000 to $3,575,000 (each). Site presently has a Commercial Office Building (with leases ending soon). It is located just two blocks from Pacific Coast Hwy in Downtown Huntington Beach. The current lease offers the purchaser of this property the opportunity to collect cash flow while in the planning phase for the development of two single family homes or possibly the conversion/remodeling of this structure into a grand double lot single family home or... possible small residential income building. The Downtown Huntington Beach lifestyle is highly desirable for people of all ages. The climate is wonderful and all the recreational activities you enjoy are right out the front door: Surfing, kite boarding, beach fun, bike riding, strolls on the sand, golf, parks, and schools are all nearby… and just a few miles up PCH is Huntington Harbour which offers paddle boarding, kayaking, and marinas to keep your yacht or rent a Duffy boat for a harbour cruise. Friends and family are eager to visit homeowners in Downtown Huntington Beach to watch the 4th of July Parade/Fireworks, Pacific Air Show, and US Open of Surfing!
Property Type :
Land
Subdivision :
Fallbrook
County :
Orange
Style :
Land
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ByOwner last updated this listing 05/04/2024 @ 07:51
MLS: OC24016667
LISTED BY: Scot Campbell, Coldwell Banker-Campbell Rltrs
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.
