NOT LISTED FOR SALE
6 Beds
5 Baths
3,458 Sq Ft
6,651 Sq Ft Lot

Last Sold September 10, 2024

Last sale price $2,082,500 $602 Per Sq Ft

53 Days on Market

Highlights

  • Laundry Room
  • Rectangular Lot
  • 4-minute walk to Lake Park & Clubhouse
  • Agnes L. Smith Elementary Rated A-

About This Home

As of September 2024

We are delighted to introduce Oswego Avenue Apartments, an exquisite 4-Unit Apartment situated in Downtown Huntington Beach, less than a mile from the beach. The property consists of (1) 3BR/2BA / (2) 2B/2BA & (1) 1B/1B. The property provides a 1.25 Parking ratio. This space could have the potential for ADU’s. Features include individual gas and electric metering for each unit, providing tenants with control over their utility consumption and expenses. The units themselves are equipped with a range of amenities, including gas stoves, ceiling fans, forced heating, and some of the units have patios. Investors will be pleased to note that there exists a substantial potential for rental income growth, with approximately 30% upside available in rents, ensuring a promising return on investment.

Last Agent to Sell the Property

Chris Walker

Triqor Group Brokerage Email: chris.walker@triqorgroup.com License #01905338 Listed on: 06/20/2024

Last Buyer's Agent

David Wilfert

Joseph Gargen, Broker License #01861699

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1974

Lot Details

  • 6,651 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot

Parking

  • 3 Open Parking Spaces
  • 5 Car Garage

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 3,458 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 27 / 1502
  • Tax Tract Number 813
  • Assessor Parcel Number 02504219
  • $1,037 per year additional tax assessments

Community Details

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Operating Expense $38,002
  • Gross Income $102,432
  • Net Operating Income $64,430

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1974

Lot Details

0

Parking

5

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Yorktown
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 02504219
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 602.23

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6651.00
  • Lot Size Acres: 0.1527

Multi Family

  • Gross Income: 102432.00
  • Gross Scheduled Income: 105600.00
  • Lot Size Area: 6651.0000 Square Feet
  • Net Operating Income: 64430.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 38002.00
  • Rent Control: Yes
  • Total Expenses: 38002.00

Tax Info

  • Tax Block: 1502
  • Tax Census Tract: 993.06
  • Tax Lot: 27
  • Tax Tract Number: 813
  • TaxOtherAnnualAssessmentAmount: 1037.00

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 Prior Sale
09/10/2024 09/10/24 Sold $2,082,500 -3.1% $602 / Sq Ft
06/20/2024 06/20/24 For Sale $2,150,000 +39.6% $622 / Sq Ft
04/23/2019 04/23/19 Sold $1,540,000 -2.2% $445 / Sq Ft View Prior Sale
11/06/2018 11/06/18 Pending -- -- --
10/02/2018 10/02/18 For Sale $1,575,000 -- $455 / 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: PW24126397

California Regional Multiple Listing Service (CRMLS)

APN: 025-042-19