NOT LISTED FOR SALE

17051 Grove Cir Huntington Beach, CA 92647

8 Beds
7 Baths
3,984 Sq Ft
6,098 Sq Ft Lot

Last Sold April 17, 2023

Last sale price $1,875,000 $471 Per Sq Ft

7 Days on Market

Highlights

  • Cul-De-Sac
  • Laundry Room
  • Turnkey
  • Mesa View Middle School Rated A

About This Home

As of April 2023

Introducing an unparalleled opportunity to acquire an exceptional multi-family property located on a desirable cul-de-sac in the highly sought-after housing market of Huntington Beach. This prestigious property boasts four upgraded units, offering the perfect balance of luxury and comfort. The front unit is a remarkable three-bedroom, two-bathroom abode, complete with a cozy fireplace and a newly renovated kitchen featuring opulent quartz countertops and top-of-the-line appliances. Throughout the unit, stunning tile flooring has been seamlessly integrated, while newer paint adds a touch of sophistication to the space. Step outside to find not one, but two serene patio areas - the ultimate retreat for relaxation and rejuvenation. Upstairs, two equally exquisite two-bedroom, two-bathroom units await, each boasting highly upgraded kitchens, bathrooms, and flooring. Elegance exudes from every inch of these charming units, providing the perfect blend of luxury and functionality. The final unit is a grand one-bedroom, one-bathroom residence that features both front and rear patios - the ideal spots to bask in the California sunshine. Each tenant will have access to the convenience of garages and open-space parking, ensuring effortless living. For added ease, this exceptional property includes a laundry facility on the premises, while all units are individually metered for gas and electricity. A professional management team has carefully curated and maintained the property, ensuring that it remains in pristine condition. This investment opportunity is not one to be missed, presenting the ultimate chance to secure a highly prestigious property in one of the most sought-after locations in the nation. Don't delay, act now and experience the epitome of luxury living with this magnificent multi-family property.

Last Agent to Sell the Property

Maher Haroun

First Team Real Estate License #01335923 Listed on: 03/08/2023

First Team Real Estate

Last Buyer's Agent

Stephanie St Pierre

Seven Gables Real Estate License #00688286

Seven Gables Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Lot Details

  • 6,098 Sq Ft Lot
  • No Common Walls
  • Cul-De-Sac

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Quadruplex
  • Turnkey
  • Slab Foundation

Interior Spaces

  • 3,984 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 11
  • Tax Tract Number 6326
  • Assessor Parcel Number 11040104
  • $1,006 per year additional tax assessments

Community Details

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $23
  • Fuel Expense $1,843
  • Gardener Expense $1,236
  • Insurance Expense $3,681
  • Maintenance Expense $6,165
  • Other Expense $3,239
  • Professional Management Expense $5,502
  • Trash Expense $2,370
  • Water Sewer Expense $1,914
  • New Taxes Expense $22,933
  • Operating Expense $53,427
  • Gross Income $106,065
  • Net Operating Income $63,730

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

0

Parking

4

Listing Details

  • Professional Management Expense: 5501.70
  • Property Attached: No
  • Water Sewer Expenses: 1914.00
  • Property Condition: Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1236.00
  • Parcel Number: 11040104
  • Year Built: 1967
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 470.63

Exterior Features

  • Foundation: Slab
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 2370.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 22.95
  • Fuel Expense: 1843.00
  • Gross Income: 106065.00
  • Gross Operating Income: 117157.00
  • Gross Scheduled Income: 120780.00
  • Insurance Expense: 3681.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 789.00
  • Lot Size Area: 6098.0000 Square Feet
  • Maintenance Expense: 6165.00
  • Net Operating Income: 63730.00
  • 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: 53427.00
  • Other Expense: 3238.70
  • Rent Control: No
  • Total Actual Rent: 9630.00
  • Total Expenses: 53427.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 22933.00
  • Tax Census Tract: 994.04
  • Tax Lot: 11
  • Tax Tract Number: 6326
  • TaxOtherAnnualAssessmentAmount: 1006.00

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
04/17/2023 04/17/23 Sold $1,875,000 -6.0% $471 / Sq Ft
03/15/2023 03/15/23 Pending -- -- --
03/08/2023 03/08/23 For Sale $1,995,000 -- $501 / 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: PW23035469

California Regional Multiple Listing Service (CRMLS)

APN: 110-401-04