NOT LISTED FOR SALE
5 Beds
4 Baths
2,525 Sq Ft
2,178 Sq Ft Lot

Last Sold May 21, 2018

Last sale price $1,800,000 $713 Per Sq Ft

125 Days on Market

Highlights

  • Docks
  • Harbor Views
  • No HOA
  • Agnes L. Smith Elementary Rated A-
  • Home fronts a canal
  • Cul-De-Sac

About This Home

As of May 2018

Welcome to 16864 Bayview Dr - a unique waterfront investment opportunity with 4 units and a dock - located on Sunset Island in Huntington Harbor.

The 4plex unit mix includes one 2 bedroom/1 bath unit and three 1 bedroom/1 bath units. Units have been updated and upgraded throughout the years, including granite countertops and remodeled kitchens and baths in some. Attached are two 1 car garages that provide room for parking and storage for 2 of the units.

Each unit is separately metered for gas and electric (4 of each) and there is a shared onsite laundry room. A shed near the dock also offers storage space. A bright patch of green grass and sitting area on the dock provides common space for residents to enjoy. The dock generates additional income and is approximately 40’ long.

This rare waterfront investment opportunity affords upside in rents and the site offers possible redevelopment opportunities. Sunset Beach was officially annexed to Huntington Beach in August 2011 and this location offers convenient access to the PCH and some of the best shopping, dining and beaches in the area.

Last Agent to Sell the Property

Christian Walsh

Berkshire Hathaway HomeServices California Properties License #01804983 Listed on: 11/15/2017

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Christian Walsh

Berkshire Hathaway HomeServices California Properties License #01804983 Listed on: 11/15/2017

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 2,178 Sq Ft Lot
  • Home fronts a canal
  • Two or More Common Walls
  • Cul-De-Sac

Parking

  • 2 Car Garage
  • Parking Available

Property Views

  • Harbor
  • Canal

Home Design

  • Quadruplex

Interior Spaces

  • 2,525 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Additional Features

  • Docks
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 10
  • Tax Tract Number 21
  • Assessor Parcel Number 17853262

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $900
  • Insurance Expense $2,350
  • Trash Expense $600
  • Water Sewer Expense $2,500
  • New Taxes Expense $22,420
  • Operating Expense $28,770
  • Gross Income $90,660
  • Net Operating Income $61,890

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Sunset Beach (SUNB)
  • View: Yes
  • Water Sewer Expenses: 2500.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 17853262
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 712.87

Exterior Features

  • View: Canal, Harbor, Water
  • Pool Private: No

Garage/Parking

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

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 2178.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 90660.00
  • Gross Scheduled Income: 90660.00
  • Insurance Expense: 2350.00
  • Net Operating Income: 61890.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Operating Expense: 28770.00
  • Other Income1: 650.00
  • Other Income Description: Dock fees - included in GSI
  • Rent Control: No
  • Total Expenses: 28770.00
  • Waterfront Features: Canal Front, Includes Dock

Tax Info

  • New Taxes Expense: 22420.00
  • Tax Census Tract: 995.13
  • Tax Lot: 10
  • Tax Tract Number: 21

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 Change Sq Ft Price
05/21/2018 05/21/18 Sold $1,800,000 -5.3% $713 / Sq Ft
02/13/2018 02/13/18 Price Changed $1,899,999 -5.0% $752 / Sq Ft
11/15/2017 11/15/17 For Sale $1,999,999 -- $792 / 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: PW17258508

California Regional Multiple Listing Service (CRMLS)

APN: 178-532-62