NOT LISTED FOR SALE
13 Beds
13 Baths
8,040 Sq Ft
0.48 Acres

Last Sold October 09, 2018

Last sale price $2,950,000 $367 Per Sq Ft

236 Days on Market

Highlights

  • 0.48 Acre Lot
  • Dual Staircase
  • No HOA
  • Ethel Dwyer Middle Rated A-
  • Contemporary Architecture
  • Laundry Room

About This Home

As of October 2018

Back On the Market, A rare find in Huntington Beach! Close to everything and within walking distance from shopping centers, great schools, the beach, City Hall, Downtown, bus stations and freeways. It's a spectacular find-- a two story 10 units apartment community on an OVER SIZE LOT (20,884 Sq.Ft.). The buildings consist of 3 large units, each 2 bedrooms and 2 bath, and 7 large units, each 1 bedroom 1 bath. All first floor units have a private patio and upper units have a spacious balcony. There are plenty of parking spaces including 10 carports. Furthermore, the site may be eligible for the addition of more units (check city requirement). Good UPSIDE in rent that is currently below market level. A new roof has recently been installed in addition to a 1 year old 100-gallon water heater. Additional income from laundry room.

Last Agent to Sell the Property

Anwar Markos

THE BROKER'S REAL ESTATE GROUP License #01114293 Listed on: 05/01/2015

Last Buyer's Agent

Anwar Markos

THE BROKER'S REAL ESTATE GROUP License #01114293 Listed on: 05/01/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,671

Year Built

  • Built in 1973

Lot Details

  • 0.48 Acre Lot
  • Two or More Common Walls
  • Block Wall Fence
  • Density is 16-20 Units/Acre

Parking

  • 5 Car Garage
  • 10 Detached Carport Spaces
  • Parking Available

Home Design

  • Contemporary Architecture
  • Property Attached
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 8,040 Sq Ft Home
  • 2-Story Property
  • Dual Staircase
  • Carpet
  • Built-In Range

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 13 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Additional Features

  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 2503
  • Tax Tract Number 225
  • Assessor Parcel Number 02506214

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 10 Units

Amenities

  • Laundry Facilities

Building Details

  • 10 Leased Units
  • 10 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $50
  • Fuel Expense $50
  • Insurance Expense $150
  • Maintenance Expense $1,000
  • Trash Expense $100
  • Water Sewer Expense $500
  • New Taxes Expense $32,000
  • Operating Expense $38,000
  • Gross Income $13,000
  • Net Operating Income $120,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,671

Year Built

Built in 1973

Lot Details

0

Parking

5

Listing Details

  • Other Phone Number: 7146088236
  • Price Per Unit: 299000
  • Property Attached: Yes
  • Subdivision Name Other: Beach Homes North (BCHN)
  • Water Sewer Expenses: 500.00
  • Architectural Style: Contemporary
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 02506214
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: 2 Staircases
  • Stories: 2
  • Entry Location: Ground Level
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 366.92

Exterior Features

  • Foundation: Slab
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Frame

Garage/Parking

  • Carport Spaces: 10.00
  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Detached Carport
  • Total Parking Spaces: 15.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Trash Expense: 100.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 20909.00
  • Price Per Lot Square Foot: 143.43
  • Lot Size Acres: 0.4800

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Average1 Bed Area: 752
  • Average2 Bed Area: 925
  • Electric Expense: 50.00
  • Fuel Expense: 50.00
  • Gross Income: 13000.00
  • Gross Scheduled Income: 156000.00
  • Insurance Expense: 150.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 125.00
  • Lot Size Area: 20909.0000 Square Feet
  • Maintenance Expense: 1000.00
  • Net Operating Income: 120000.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Number With Carpet: 10
  • Number With Disposal: 10
  • Number With Patio: 5
  • Number With Range: 10
  • Operating Expense: 36000.00
  • Rent Control: No
  • Total Actual Rent: 12341.00
  • Total Expenses: 38000.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 32000.00
  • Tax Lot: 2503
  • Tax Tract Number: 225
  • Tax Annual Amount: 23671.00
  • Tax Year: 2013

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
10/09/2018 10/09/18 Sold $2,950,000 +5.7% $367 / Sq Ft
12/23/2015 12/23/15 Pending -- -- --
05/01/2015 05/01/15 For Sale $2,790,000 +41.3% $347 / Sq Ft
08/15/2012 08/15/12 Sold $1,975,000 -9.2% $246 / Sq Ft
07/18/2012 07/18/12 Pending -- -- --
05/13/2012 05/13/12 For Sale $2,175,000 -- $271 / 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: EV15094060

California Regional Multiple Listing Service (CRMLS)