NOT LISTED FOR SALE

16911 Newland St Huntington Beach, CA 92647

2 Beds
1 Bath
3,601 Sq Ft
8,276 Sq Ft Lot

Last Sold March 27, 2017

Last sale price $1,057,000 $294 Per Sq Ft

34 Days on Market

Highlights

  • No HOA
  • Fireplace in Patio
  • Forced Air Heating System
  • Ocean View High Rated A-
  • Laundry Room
  • Wood Fence

About This Home

As of March 2017

If owning income property is your dream, but you don’t know where to begin, here is the perfect opportunity to start investing. Located in desirable Huntington Beach, less than 5 miles from Huntington Beach Pier. Each apartment unit offers 900 SQFT of single story living space, each with two bedrooms and one bath. The open concept units are light and bright, offering private outdoor patio space, personal washer/dryers, individual storage space, and a garage. Each space is clean, has its own gas/electric meters, and copper plumbing. This complex is conveniently located and within walking distance to nearby shops, restaurants and great schools in both HB and Fountain Valley.

This property is ideal as an exchange for a rental home, or an additional piece to an investor's portfolio. This income property offers excellent ROI with in place rents of $1,350 and room for increased cash flow showing average monthly rental rates in the area ranging from $1,500 to $1,700 for comparable two bedroom -one bathroom units.

Last Agent to Sell the Property

Sean Stanfield

Pacific Sotheby's Int'l Realty License #01024996 Listed on: 01/24/2017

Pacific Sotheby's Int'l Realty

Co-Listed By

Anthony Rodriguez

HOM Sotheby's International License #01878752

Last Buyer's Agent

Bruce Nguyen

Professional R.E. Center, Inc. License #01890222

Professional R.E. Center, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 8,276 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Block Wall Fence
  • Density is up to 1 Unit/Acre

Parking

  • 2 Open Parking Spaces
  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Quadruplex
  • Partial Copper Plumbing

Interior Spaces

  • 3,601 Sq Ft Home
  • Electric Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Additional Features

  • Fireplace in Patio
  • Suburban Location
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 04
  • Tax Tract Number 665
  • Assessor Parcel Number 10766504

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,440
  • Other Expense $12,364
  • Trash Expense $1,200
  • Water Sewer Expense $2,400
  • Operating Expense $17,404
  • Gross Income $64,800
  • Net Operating Income $47,396

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • Other Phone Number: 9493925600
  • Price Per Unit: 287500
  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Zoning: R-3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 10766504
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Copper Plumbing Partial
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Patio, Electric
  • Levels: One
  • Price Per Square Foot: 293.53

Exterior Features

  • Fence: Yes
  • Fencing: Block, Wood
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • 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: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8276.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 900 Square Feet
  • Gross Income: 64800.00
  • Gross Scheduled Income: 64800.00
  • Insurance Expense: 1440.00
  • Net Operating Income: 47396.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 17404.00
  • Other Expense: 12364.00
  • Other Expense Description: prop tax
  • Rent Control: No
  • Total Actual Rent: 5400.00
  • Total Expenses: 17404.00

Tax Info

  • Tax Area: 04-010
  • Tax Census Tract: 992.42
  • Tax Lot: 04
  • Tax Tract Number: 665

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
03/27/2017 03/27/17 Sold $1,057,000 -8.1% $294 / Sq Ft
01/24/2017 01/24/17 For Sale $1,150,000 -- $319 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sean Stanfield

    Seller's Agent in 2017

    Sean Stanfield

    Pacific Sotheby's Int'l Realty

    (949) 244-9057

    598 Total Sales

    Sean Stanfield
    Section Image

  • A

    Seller Co-Listing Agent in 2017

    Anthony Rodriguez

    HOM Sotheby's International

    Section Image

  • B

    Buyer's Agent in 2017

    Bruce Nguyen

    Professional R.E. Center, Inc.

    (714) 375-3000

    12 Total Sales

    Bruce Nguyen
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17015312

California Regional Multiple Listing Service (CRMLS)

APN: 107-665-04

California Orange County Huntington Beach 92647

16911 Newland St, Huntington Beach, CA

This home is located at 16911 Newland St, Huntington Beach, CA 92647 since 24 January 2017. This property was built in 1964. 16911 Newland St is a home located in Orange County with nearby schools including Vista View Middle School, Ocean View High, and Sycamore Creek Community Charter School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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