NOT LISTED FOR SALE

18572 Demion Ln Huntington Beach, CA 92646

9 Beds
7 Baths
4,350 Sq Ft
7,405 Sq Ft Lot

Last Sold December 20, 2022

Last sale price $2,100,000 $483 Per Sq Ft

143 Days on Market

Highlights

  • Golf Course Community
  • Fishing
  • No HOA
  • Ethel Dwyer Middle Rated A-
  • Park or Greenbelt View
  • Laundry Room

About This Home

As of December 2022

Attention owner users or investors, rare opportunity to own a well maintained 4-Plex in Surf City USA! Great upside rent potential in this ideal unit mix! Large and spacious front house with 3 bedroom & 2 baths + TWO 2 bedroom 2 bath units with large balconies and an oversized deck + a large 2 bedroom 1 bath unit. Each unit has its own private garage and laundry. These spacious and well maintained 4 units were recently upgraded and remodeled and should garner high current monthly market rents of $12,750 or more!

Last Agent to Sell the Property

Luis Guevara

eXp Realty of Southern CA License #01109164 Listed on: 06/17/2022

eXp Realty of Southern CA

Last Buyer's Agent

Dan Nguyen

DAN NGUYEN, BROKER License #01274114

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 7,405 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

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

Home Design

  • Quadruplex

Interior Spaces

  • 4,350 Sq Ft Home
  • Park or Greenbelt Views

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Features

  • Exterior Lighting
  • Suburban Location
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 33
  • Tax Tract Number 4663
  • Assessor Parcel Number 15750110
  • $997 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Starlight Mesa Dist 14 Subdivision

Recreation

  • Golf Course Community
  • Fishing
  • Park
  • Dog Park
  • Water Sports
  • Bike Trail

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $240
  • Gardener Expense $1,020
  • Insurance Expense $4,000
  • Trash Expense $1,920
  • Water Sewer Expense $1,920
  • New Taxes Expense $26,389
  • Operating Expense $35,579
  • Gross Income $97,740
  • Net Operating Income $62,161

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

0

Parking

5

Listing Details

  • Price Per Unit: 562500
  • Property Attached: Yes
  • Subdivision Name Other: Starlight Mesa Dist 14 (STME)
  • View: Yes
  • Water Sewer Expenses: 1920.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1020.00
  • Parcel Number: 15750110
  • Year Built: 1971
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 482.76

Exterior Features

  • View: Park/Greenbelt
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned, Garage
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 1920.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Dog Park, Fishing, Golf, Park, Watersports, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 1000 Square Feet
  • Average3 Bed Area: 1330 Square Feet
  • Electric Expense: 240.00
  • Gross Income: 97740.00
  • Gross Operating Income: 97740.00
  • Gross Scheduled Income: 97740.00
  • Insurance Expense: 4000.00
  • Lot Size Area: 7405.0000 Square Feet
  • Net Operating Income: 62161.00
  • 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: 35579.00
  • Rent Control: Yes
  • Total Actual Rent: 8145.00
  • Total Expenses: 35579.00

Tax Info

  • New Taxes Expense: 26389.00
  • Tax Census Tract: 992.35
  • Tax Lot: 33
  • Tax Tract Number: 4663
  • TaxOtherAnnualAssessmentAmount: 997.00

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 Change Sq Ft Price
12/20/2022 12/20/22 Sold $2,100,000 -6.7% $483 / Sq Ft
09/12/2022 09/12/22 Price Changed $2,250,000 -6.2% $517 / Sq Ft
06/17/2022 06/17/22 For Sale $2,399,000 -- $551 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Luis Guevara

    Seller's Agent in 2022

    Luis Guevara

    eXp Realty of Southern CA

    (310) 704-6298

    54 Total Sales

    Luis Guevara
    Section Image

  • D

    Buyer's Agent in 2022

    Dan Nguyen

    DAN NGUYEN, BROKER

    (626) 483-4537

    20 Total Sales

    Dan Nguyen
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS22129439

California Regional Multiple Listing Service (CRMLS)
California Orange County Huntington Beach 92646

18572 Demion Ln, Huntington Beach, CA

This home is located at 18572 Demion Ln, Huntington Beach, CA 92646 since 17 June 2022. This property was built in 1971. 18572 Demion Ln is a home located in Orange County with nearby schools including Ethel Dwyer Middle, Huntington Beach High School, and Kinetic Academy.

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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