NOT LISTED FOR SALE
4 Beds
3 Baths
1,780 Sq Ft
6,534 Sq Ft Lot

Last Sold February 13, 2015

Last sale price $880,000 $494 Per Sq Ft

133 Days on Market

Highlights

  • No HOA
  • Agnes L. Smith Elementary Rated A-
  • 2 Car Garage

About This Home

As of February 2015

FANTASTIC OPPORTUNITY FOR INVESTORS, OR FIRST TIME BUYERS, WHO WANT A UNIQUE PROPERTY WITH LOTS OF POTENTIAL WITHIN WALKING DISTANCE TO THE BEACH/OCEAN/MAIN STREET WHERE ALL THE RESTAURANTS AND STORES ARE LOCATED IN HUNTINGTON BEACH, CALIFORNIA HOME OF THE PRO SURF COMPETITIONS, BEACH VOLLEYBALL COMPETITIONS, ETC. THIS PROPERTY IS ZONED R2 AND HAS THREE UNITS ON IT CURRENTLY WITH TENANTS, OWNER IS OCCUPYING ONE UNIT AND USES THE TWO CAR GARAGE AS A STUDIO. THIS PROPERTY WILL ACCOMMODATE TWO SINGLE FAMILY HOMES WHICH ARE SELLING IN THE MID ONE MILLION RANGE. THIS IS A WONDERFUL PROPERTY TO BULLDOZE AND BUILD TWO BEAUTIFUL CUSTOM HOMES, THIS PROPERTY WILL ACCOMMODATE 2 LOTS EACH 27 FEET WIDE WHICH IS RARE TO FIND! YOU CAN COLLECT RENTS WHILE YOU ARE OBTAINING APPROVALS FOR THE CONSTRUCTION OF THE NEW CUSTOM HOMES. THREE ARE TWO BEAUTIFUL OLD TREES ON THE SUBJECT PROPERTY, A RARE SIGHT IN THESE DAYS!

Last Agent to Sell the Property

David Tayani

David Tayani, Broker License #00996522 Listed on: 09/18/2014

Last Buyer's Agent

Donald Povieng

Povieng Corporation License #01753656

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 6,534 Sq Ft Lot
  • No Common Walls

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • 1,780 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 813
  • Assessor Parcel Number 02510307

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Water Sewer Expense $1,800
  • New Taxes Expense $12,650
  • Gross Income $4,325
  • Net Operating Income $38,280

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Downtown Area (DOWN)
  • Water Sewer Expenses: 1800.00
  • Property Type: Residential Income
  • Parcel Number: 02510307
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 494.38

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs

Lot Info

  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Multi Family

  • Gross Income: 4325.00
  • Gross Scheduled Income: 54000.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6534.0000 Square Feet
  • Net Operating Income: 38280.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 15720.00
  • Rent Control: No
  • Total Actual Rent: 2800.00

Tax Info

  • New Taxes Expense: 12650.00
  • Tax Lot: 15
  • Tax Tract Number: 813
  • Tax Year: 2013

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/13/2015 02/13/15 Sold $880,000 -23.3% $494 / Sq Ft
01/29/2015 01/29/15 Pending -- -- --
09/18/2014 09/18/14 For Sale $1,148,000 -- $645 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC14202933

California Regional Multiple Listing Service (CRMLS)

APN: 025-103-07