NOT LISTED FOR SALE
16 Beds
8 Baths
6,840 Sq Ft
0.58 Acres

Last Sold April 27, 2021

Last sale price $3,000,000 $439 Per Sq Ft

13 Days on Market

Highlights

  • No Units Above
  • 0.58 Acre Lot
  • Laundry Room
  • Ocean View High Rated A-
  • No HOA
  • Level Lot

About This Home

As of April 2021

Fabulous opportunity to own 8 residential 2 bedroom 1 bath units in two buildings in a prime Huntington Beach rental area. They are located at 17551 and 17561 Jefferson Lane. These units are fully occupied with stable long term tenants. There is great upside potetial in the rents. The buildings sit on separately deeded adjacent lots and are only being offered together as one complex. Six of the units have good-sized private fenced yard areas, and the two end units enjoy substantially over-sized yards. Several of the units have been upgraded with tile floors, granite counters and some double paned windows and sliding patio doors. Each unit has its own carport, and there is additonal on-site parking. The parking area will be re-surfaced in the coming weeks. One building houses the laundry room and the second has a storage area or the possibility for a second laundry.

Last Agent to Sell the Property

Donna Legan

Coldwell Banker Realty Brokerage Phone: 949-533-0445 License #01348228 Listed on: 03/02/2021

Coldwell Banker Realty

Last Buyer's Agent

Bobby Aschtiani

West Capital Real Estate License #02048373

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.58 Acre Lot
  • No Units Above
  • Two or More Common Walls
  • Level Lot
  • 16748106

Home Design

  • Property Attached

Interior Spaces

  • 6,840 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Parking

  • 8 Parking Spaces
  • 8 Carport Spaces
  • Parking Available

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 439
  • Assessor Parcel Number 16748107

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • Electric Expense $494
  • Maintenance Expense $2,070
  • Pest Control $175
  • Professional Management Expense $7,806
  • Trash Expense $3,952
  • Water Sewer Expense $5,000
  • Operating Expense $36,211
  • Gross Income $156,124
  • Net Operating Income $119,913

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Professional Management Expense: 7806.00
  • Property Attached: Yes
  • Water Sewer Expenses: 5000.00
  • Property Type: Residential Income
  • Parcel Number: 16748107
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls, No One Above
  • Levels: One
  • Price Per Square Foot: 438.60

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 8.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Pest Control Expense: 175.00
  • Sewer: Public Sewer
  • Trash Expense: 3952.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 16748106
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 25265.00
  • Lot Size Acres: 0.5800
  • Latitude Manual: 33.70751000

Multi Family

  • Average2 Bed Area: 850 Square Feet
  • Electric Expense: 494.00
  • Gross Income: 156124.00
  • Gross Operating Income: 156124.00
  • Gross Scheduled Income: 161100.00
  • Lot Size Area: 25265.0000 Square Feet
  • Maintenance Expense: 2070.00
  • Net Operating Income: 119913.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Number With Patio: 8
  • Operating Expense: 36211.00
  • Rent Control: No
  • Total Actual Rent: 161100.00
  • Total Expenses: 36211.00

Tax Info

  • Tax Census Tract: 992.12
  • Tax Lot: 13
  • Tax Tract Number: 439

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
04/27/2021 04/27/21 Sold $3,000,000 -11.8% $439 / Sq Ft
03/15/2021 03/15/21 Pending -- -- --
03/02/2021 03/02/21 For Sale $3,400,000 -- $497 / 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: OC21042336

California Regional Multiple Listing Service (CRMLS)

APN: 167-481-07