NOT LISTED FOR SALE

18642 Demion Ln Huntington Beach, CA 92646

9 Beds
7 Baths
4,348 Sq Ft
7,275 Sq Ft Lot

Last Sold October 12, 2023

Last sale price $2,185,000 $503 Per Sq Ft

3 Days on Market

Highlights

  • Living Room
  • Park
  • Carpet
  • Ethel Dwyer Middle Rated A
  • Laundry Room
  • Wall Furnace

About This Home

As of October 2023

We are pleased to present the sale of 18642 Demion Lane, a Covington style 4-unit apartment building located in the City of Huntington Beach. The property consists of a single story 3 bed / 2 bathroom unit featuring a fireplace, private patio, and a 2 car garage. There are (2) 2 bed / 2 bath units and (1) 2 bed / 1 bath unit that all have private single car garages. Each unit is separately metered for gas/electricity and has laundry hook-ups in the garages as well as the opportunity to add a community laundry area if desired. Tenants enjoy close proximity to Huntington’s finest beaches, parks, and all the amenities Beach Blvd has to offer!

Last Agent to Sell the Property

Tim Carr

Pacific Sotheby's Int'l Realty License #01017277 Listed on: 09/14/2023

Last Buyer's Agent

Tim Carr

Pacific Sotheby's Int'l Realty License #01017277 Listed on: 09/14/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 7,275 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard

Parking

  • 5 Car Garage

Home Design

  • Quadruplex
  • Entry on the 2nd floor
  • Composition Roof

Interior Spaces

  • 4,348 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Living Room

Kitchen

  • Gas Cooktop
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 27
  • Tax Tract Number 4663
  • Assessor Parcel Number 15750116
  • $1,006 per year additional tax assessments

Community Details

Recreation

  • Park

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $450
  • Gardener Expense $1,000
  • Insurance Expense $2,500
  • Trash Expense $2,100
  • Water Sewer Expense $2,400
  • New Taxes Expense $23,048
  • Operating Expense $34,498
  • Net Operating Income $72,182

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

7,275 Sq Ft Lot

Parking

5

Listing Details

  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 2400.00
  • Zoning: R3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1000.00
  • Parcel Number: 15750116
  • Year Built: 1971
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Entry Level: 2
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 502.53
  • Room Type: Kitchen, Living Room

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Cooktop
  • Heating Type: Wall Furnace
  • Laundry Features: Community, In Garage
  • Sewer: Public Sewer
  • Trash Expense: 2100.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Park, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lot 6500-9999
  • Lot Size Sq Ft: 7275.00
  • Lot Size Acres: 0.1670

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 450.00
  • Gross Scheduled Income: 109980.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 7275.0000 Square Feet
  • Net Operating Income: 72182.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 34498.00
  • Rent Control: No
  • Total Expenses: 34498.00

Tax Info

  • New Taxes Expense: 23048.00
  • Tax Census Tract: 992.35
  • Tax Lot: 27
  • Tax Tract Number: 4663
  • TaxOtherAnnualAssessmentAmount: 1006.00
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Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/12/2023 10/12/23 Sold $2,185,000 -0.5% $503 / Sq Ft
09/17/2023 09/17/23 Pending -- -- --
09/14/2023 09/14/23 For Sale $2,195,000 +86.8% $505 / Sq Ft
11/12/2013 11/12/13 Sold $1,175,000 -0.8% $270 / Sq Ft View Prior Sale
10/08/2013 10/08/13 Pending -- -- --
09/30/2013 09/30/13 For Sale $1,185,000 -- $273 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $25,165 $2,228,700 $2,001,270 $227,430
2024 $25,165 $2,185,000 $1,962,029 $222,971
2023 $16,268 $1,384,453 $1,162,271 $222,182
2022 $15,841 $1,357,307 $1,139,481 $217,826
2021 $15,550 $1,330,694 $1,117,139 $213,555
2020 $15,448 $1,317,050 $1,105,684 $211,366
2019 $15,268 $1,291,226 $1,084,004 $207,222
2018 $15,034 $1,265,908 $1,062,749 $203,159
2017 $14,835 $1,241,087 $1,041,911 $199,176
2016 $14,187 $1,216,752 $1,021,481 $195,271
2015 $14,050 $1,198,476 $1,006,138 $192,338
2014 $13,758 $1,175,000 $986,429 $188,571
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP23171785

California Regional Multiple Listing Service (CRMLS)
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