NOT LISTED FOR SALE

16662 Algonquin St Huntington Beach, CA 92649

10 Beds
6 Baths
4,300 Sq Ft
7,405 Sq Ft Lot

Last Sold June 12, 2014

Last sale price $1,400,000 $326 Per Sq Ft

16 Days on Market

Highlights

  • Cathedral Ceiling
  • Wood Flooring
  • Balcony
  • Harbour View Elementary School Rated A-
  • No HOA
  • Tile Countertops

About This Home

As of June 2014

Highly desireable-quality triplex located approx 1/2 mile from the beach. Currently 100% occupied with stable, long-term tenants. Units have been upgraded with last turn, including, new carpet, tile in all kitchens & baths, new paint, scraped ceilings, recessed lighting, new countertops, new window blinds and bath vanities. Recent termite clearance and exterior painting. No deferred maintenance. Units have large bedrooms, attached 2 car garages, fenced patio yards, in unit laundry hook-ups, fireplaces all of which has historically made these units in high demand. Tenants enjoy the close proximity to the beach, Huntington Harbor, excellent "A" rated schools and walking distance to Huntington Harbor Mall. Units have seperate water heaters. Landlord pays only water/sewer/trash and gardening. This is a dream property for an absentee owner, with extremely low vacancies and maintenance issues. Lot and building square footage is estimate only, buyer to obtain independent verification. Seller makes no representation as to value added option to subdivide property, buyer to perform own investigation as to viability.

Last Agent to Sell the Property

Bob Wein

Premiere Choice R E Inc License #01114099 Listed on: 03/19/2014

Last Buyer's Agent

Sherry Tsao

RE/MAX 2000 REALTY License #00969586

RE/MAX 2000 REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 7,405 Sq Ft Lot
  • 1 Common Wall
  • Fence is in average condition
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Garage

Home Design

  • Property Attached
  • Entry on the 1st floor
  • Flat Roof Shape
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 4,300 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Recessed Lighting
  • Living Room with Fireplace

Kitchen

  • Tile Countertops
  • Formica Countertops

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Additional Features

  • Balcony
  • Central Heating

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 13
  • Tax Tract Number 349
  • Assessor Parcel Number 17818118

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $480
  • Insurance Expense $1,019
  • Maintenance Expense $1,000
  • Trash Expense $600
  • Water Sewer Expense $1,200
  • New Taxes Expense $15,500
  • Gross Income $6,760
  • Net Operating Income $65,900

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Parking

6

Listing Details

  • CapRate: 4.62
  • Property Attached: Yes
  • Subdivision Name Other: Huntington Townhomes (HTHM)
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 17818118
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Cathedral Ceiling(s), Formica Counters, Recessed Lighting, Tile Counters
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Vinyl, Wood
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 325.58

Exterior Features

  • Foundation: Slab
  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Composition, Flat

Garage/Parking

  • Garage Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Inside, Washer Hookup
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 6760.00
  • Gross Scheduled Income: 85800.00
  • Insurance Expense: 1019.00
  • Lot Size Area: 7405.0000 Square Feet
  • Maintenance Expense: 1000.00
  • Net Operating Income: 65900.00
  • Number Of Rented Garages: 6
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Patio: 3
  • Number With Range: 3
  • Operating Expense: 19900.00
  • Rent Control: No
  • Total Actual Rent: 6760.00

Tax Info

  • New Taxes Expense: 15500.00
  • Taxes Percent: 1.12
  • Tax Lot: 13
  • Tax Tract Number: 349
  • Tax Year: 2013

Range of Values:

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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
06/12/2014 06/12/14 Sold $1,400,000 -1.8% $326 / Sq Ft
04/04/2014 04/04/14 Pending -- -- --
03/19/2014 03/19/14 For Sale $1,425,000 -- $331 / 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: OC14055998

California Regional Multiple Listing Service (CRMLS)

APN: 178-181-18