NOT LISTED FOR SALE
9 Beds
8 Baths
4,283 Sq Ft
10,454 Sq Ft Lot

Last Sold June 22, 2018

Last sale price $1,665,000 $389 Per Sq Ft

39 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Central Heating
  • Hope View Elementary School Rated A-
  • Tile Flooring

About This Home

As of June 2018

RARE FIND INVESTMENT OPPORTUNITY IN THE HEART OF HUNTINGTON BEACH. THIS WELL MAINTAINED FOUR PLEX SITUATED ON A LARGER LOT (10,454 SQ) AND FEATURES (1) OF THREE BEDROOM/ TWO AND HALF BATH (FRONT/OWNER UNIT), (2) OF TWO BEDROOM/ ONE AND HALF BATH TOWN HOME STYLE UNITS AND (1) OF TWO BEDROOM AND ONE BATH. WELL THOUGHT AFTER LAY OUT FOR EACH UNIT. EACH UNIT HAS ITS OWN NEWER GARAGE DOOR, LAUNDRY HOOK UP AND ITS OWN GAS AND ELECTRIC METERS.

NEW EXTERIOR UPGRADES AND SOME UNITS HAS BEEN FULLY RENOVATED OR UPGRADED. THIS PROPERTY IS LOCATED AT THE END OF CUL-DE-SAC STREET WITH LOADS OF PRIVACY. GREAT CURB APPEAL.

CURRENT FULLY OCCUPIED WITH MONTH TO MONTH LEASE. AMPLE ROOM FOR RENTAL RATE INCREASE.

THIS REAL ESTATE IS ONLY A FEW MILES FROM THE BEACH AND CLOSE TO PARK AND MOST OF AMENITIES. ONE OF THE MOST DESIRABLE LOCATIONS OF SOUTHERN CALIFORNIA.

Last Agent to Sell the Property

Jennifer Chow

Napoli R.E. & Property Mgt. License #00929968 Listed on: 04/09/2018

Last Buyer's Agent

Wayne Yau

Landmark Realty Group License #01374388

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 10,454 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 5 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 4,283 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace

Kitchen

  • Gas Range
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • All Upper Level Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 16518110

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,225
  • Water Sewer Expense $2,096
  • New Taxes Expense $17,200
  • Operating Expense $21,721
  • Gross Income $90,960
  • Net Operating Income $80,219

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

0

Parking

5

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: .
  • Water Sewer Expenses: 2096.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 16518110
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 388.75
  • Room Type: All Bedrooms Up

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Gas Water Heater
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 10454.00

Multi Family

  • Gross Income: 90960.00
  • Gross Scheduled Income: 101940.00
  • Insurance Expense: 1225.00
  • Net Operating Income: 80219.00
  • 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
  • Operating Expense: 21721.00
  • Rent Control: No
  • Total Actual Rent: 7580.00
  • Total Expenses: 21721.00

Tax Info

  • New Taxes Expense: 17200.00
  • Tax Census Tract: 994.02
  • Tax Lot: .
  • Tax Tract Number: .

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
06/22/2018 06/22/18 Sold $1,665,000 -3.7% $389 / Sq Ft
05/20/2018 05/20/18 For Sale $1,729,000 +3.8% $404 / Sq Ft
05/18/2018 05/18/18 Pending -- -- --
05/15/2018 05/15/18 Off Market $1,665,000 -- --
04/09/2018 04/09/18 For Sale $1,729,000 -- $404 / 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: PW18079390

California Regional Multiple Listing Service (CRMLS)

APN: 165-181-10