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Key Details
Sold Price $2,398,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 4,859 sqft
Price per Sqft $493
MLS Listing ID NP-23141560
Style Traditional
Year Built 1979
Lot Size 8,712 Sqft
Property Description
Looking for the ultimate investment income opportunity in one of the world's most legendary seaside communities? Well, you found it in this Pride of Ownership cash-flowing Quadruplex situated in the highly sought-after Huntington Beach, CA - Surf City, USA, with an additional 1-bedroom 1-bath income unit with a market rent of $2100. This attractive Muti-Family Property is located in an ideal rental location close to various dining options, entertainment, shopping, renowned beaches, transportation and the 405 freeway. Currently operating close to market rent with a GOI of $144,176 with significant potential for increased income and priced at a high cap rate of 4.26% at only $479,600 a door! This complex features an est. 1500 sq. ft., 3 bedrooms, 2 bath front townhome, which features private inside laundry room, spacious living room fireplace, recessed lighting, open kitchen with bar seating and granite countertops, 2 upstairs balconies, 2 car garage, and large side patio that could be utilized for future owner occupancy. The additional units all have spacious floor plans and are nicely equipped with appliances and first floor 2-bedroom apartment has a spacious enclosed backyard. Recent building upgrades include updated exterior paint, newer central water heater, Ring cameras, and a newly landscaped courtyard. This property has a shared laundry room which generates additional income, 6 total garages, individual unit balconies or patios, owner's storage room, automatic sprinkler system, and a large driveway/carport for additional parking. Located just minutes from fine dining, nightlife, entertainment, Downtown Huntington beach, Bella Terra outdoor mall, and the best surfing and beaches, this property offers an amazing investment opportunity in one of SoCal's most desirable areas. Looking for another great income property, please inquire about the owner's other listing at 8162 La Paz Dr. Huntington Beach. Please call now to schedule a tour today to become the new proud owner of this impressive low-rise garden complex.
Location
State CA
County Orange
Zoning R3
Interior
Heating Wall Furnace, Forced Air
Cooling Wall/Window Unit(s)
Flooring Laminate, Vinyl
Fireplaces Type Living Room
Laundry Common Area, Community, Dryer Included, Washer Included
Exterior
Parking Features Gated
Garage Spaces 6.0
Pool None
Community Features Sidewalks
Utilities Available Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected
View Y/N No
View None
Building
Lot Description Lot 6500-9999, Sprinkler System, 2-5 Units/Acre, Back Yard
Sewer Public Sewer
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Paul Ward
Broker Associate | License ID: 01354001
Broker Associate License ID: 01354001
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