NOT LISTED FOR SALE

220 Alabama St Huntington Beach, CA 92648

14 Beds
10 Baths
6,722 Sq Ft
1960 Built

Last Sold October 15, 2018

Last sale price $3,500,000 $521 Per Sq Ft

14 Days on Market

Highlights

  • No HOA
  • Ceramic Countertops
  • Laundry Room
  • Agnes L. Smith Elementary Rated A-
  • Living Room Balcony
  • Storage

About This Home

As of October 2018

Prime location and very rarely comes on market. 10 Units close to the beach in BOOMING Downtown HB. Just steps to the new Pacific City shopping /dining complex. 2 blocks to the beach/pier. Upside potential in rents. 5 on site parking spaces tenants pay monthly for. On site walk in laundry. Sits on a downtown double lot. Main Street USA is just around the corner. New construction homes all over this area with very few new units being built. Luxury Apts around the corner get $3000 for a 1 bedroom, $3500 plus for 2 bedrooms. Some of the units have been remodled with quartz counters, new cabinetry, flooring, carpets and show great -see pictures/drone..

Last Agent to Sell the Property

David Macleod

Coldwell Banker Realty License #00934704 Listed on: 08/27/2018

Coldwell Banker Realty

Last Buyer's Agent

Justin White

Justin White License #01267826

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 7,841 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Front Yard

Home Design

  • Apartment
  • Entry on the 1st floor
  • Flat Roof Shape
  • Slab Foundation

Interior Spaces

  • 6,722 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Living Room Balcony
  • Storage
  • Laundry Room

Kitchen

  • Gas Range
  • Ceramic Countertops

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 10 Bathrooms

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater
  • Central Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 20
  • Tax Tract Number 813
  • Assessor Parcel Number 02420309

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Amenities

  • Laundry Facilities

Building Details

  • 10 Leased Units
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $991
  • Gardener Expense $1,050
  • Insurance Expense $3,700
  • Other Expense $1,500
  • Professional Management Expense $11,520
  • Supplies Expense $600
  • Trash Expense $2,280
  • Water Sewer Expense $3,840
  • New Taxes Expense $38,500
  • Operating Expense $62,606
  • Gross Income $183,000
  • Net Operating Income $1,128,100

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 11520.00
  • Property Attached: Yes
  • Subdivision Name Other: Downtown Area (DOWN)
  • Supplies Expense: 600.00
  • Water Sewer Expenses: 3840.00
  • Zoning: R3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1050.00
  • Parcel Number: 02420309
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Interior Amenities: Ceramic Counters, Living Room Balcony, Storage
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 520.68
  • Room Type: Family Room

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Flat

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Gas Water Heater, Water Heater Central
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2280.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 7841.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 991.00
  • Gross Income: 183000.00
  • Gross Scheduled Income: 183000.00
  • Insurance Expense: 3700.00
  • Laundry Income: 60.00
  • Net Operating Income: 1128100.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Number With Range: 10
  • Operating Expense: 54900.00
  • Other Expense: 1500.00
  • Other Income Description: space rent included in monthly
  • Rent Control: No
  • Total Actual Rent: 15975.00
  • Total Expenses: 62606.00

Tax Info

  • New Taxes Expense: 38500.00
  • Tax Census Tract: 993.06
  • Tax Lot: 20
  • Tax Tract Number: 813

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
10/15/2018 10/15/18 Sold $3,500,000 0.0% $521 / Sq Ft
08/27/2018 08/27/18 For Sale $3,500,000 -- $521 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • David Macleod

    Seller's Agent in 2018

    David Macleod

    Coldwell Banker Realty

    (714) 271-5645

    90 Total Sales

    David Macleod
    Section Image
  • Justin White

    Buyer's Agent in 2018

    Justin White

    Justin White

    (714) 231-2537

    42 Total Sales

    Justin White
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18209236

California Regional Multiple Listing Service (CRMLS)
California Orange County Huntington Beach 92648

220 Alabama St, Huntington Beach, CA

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