Huntington Beach, CA 92647,7832 Newman Ave
Huntington Beach, CA 92647,7832 Newman Ave
Huntington Beach, CA 92647,7832 Newman Ave
$1,760,000
Est. payment /mo
Est.Price: ?

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9,583 Sqft Lot
SOLD DATE : 06/12/2023

Key Details

Sold Price $1,760,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Subdivision ,Other

MLS Listing ID OC23092831

Year Built 1988

Lot Size 9,583 Sqft

Property Description

Embrace a prime Investment Opportunity in the coveted Huntington Beach locale, renowned for its High Rental Demand. This 4Plex, set on a sizeable lot, combines Vintage Charm with Modern Appeal.

Unit A, a 3-bedroom, 2-bathroom Single-Story Home from 1929, fetches a Rent of $3,000 a month. The Rear Units (B, C, D) built in 1988, each 2-bed/2-bath, command Rents of $2,000, $2,100, and $2,200 respectively. Features include Shared Laundry, Enclosed Yards in Units A and D, and ample Garage Space. Each Tenant handles their Own Utilities, enhancing the Property's Income Efficiency. Conveniently Located near the Freeway, Shopping, Schools, and the Beach, this 4Plex is a promising proposition.

While Property has Extensive Deferred Maintenance, this is Reflected in the Pricing, which allows room for a VALUE ADD and IMMEDIATE Capital Growth for the Savy Investor. Your Huntington Beach Income Property Awaits.

Location

State CA

County Orange

Area 15 - West Huntington Beach

Interior

Heating Forced Air, Wall Furnace

Cooling None

Flooring Carpet, Wood

Fireplaces Type None

Laundry Common Area

Exterior

Parking Features Carport, Garage

Garage Spaces 6.0

Garage Description 6.0

Pool None

Community Features Street Lights

View Y/N No

View None

Building

Lot Description Front Yard, Yard

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash, Cash to New Loan, Submit

Listing Terms Cash, Cash to New Loan, Submit

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Gantry Wilson • eXp Realty of California Inc
Bought with Gantry Wilson • eXp Realty of California Inc

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Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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