NOT LISTED FOR SALE

319 15th St Huntington Beach, CA 92648

Downtown Huntington Beach Neighborhood
7 Beds
5 Baths
4,825 Sq Ft
5,663 Sq Ft Lot

Last Sold June 03, 2024

Last sale price $3,000,000 $622 Per Sq Ft

292 Days on Market

Highlights

  • Laundry Room
  • Rectangular Lot
  • 4-minute walk to 17th Street Park
  • Agnes L. Smith Elementary Rated A-

About This Home

As of June 2024

We are pleased to present this wonderful beachside apartment complex built in 1972, a rare investment opportunity in Huntington Beach. The property is conveniently located within walking distance to downtown Huntington Beach and also Pacific City, both highly desirable locations with lots of shopping, restaurants and entertainment. Each unit has an enclosed garage with remote garage doors. The building has been well maintained with large units. Investors have the opportunity to acquire a prime property with steady cash flow and potential for value add appreciation. With a 5.2% cap rate on market rents the property has huge upside potential. Don’t miss out on this exceptional chance to own a well-maintained and profitable investment property in a prime location.

Last Agent to Sell the Property

Gary Tolfa

Triqor Group Brokerage Email: gary@triqorgroup.com License #00955403 Listed on: 07/14/2023

Last Buyer's Agent

James Wardlaw

Triqor Group License #02061381

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 5,663 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot

Parking

  • 6 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 4,825 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 17 / 315
  • Tax Tract Number 352
  • Assessor Parcel Number 02315807
  • $1,500 per year additional tax assessments

Community Details

Overview

  • 6 Units
  • Huntington West Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • Operating Expense $52,600
  • Gross Income $156,120
  • Net Operating Income $98,837

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Parking

6

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Huntington West (HWST)
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 02315807
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 621.76

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • 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: 5663.00
  • Lot Size Acres: 0.1300
  • Latitude Manual: 33.66599900

Multi Family

  • Gross Income: 156120.00
  • Gross Scheduled Income: 156120.00
  • Lot Size Area: 5663.0000 Square Feet
  • Net Operating Income: 98837.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Units Total: 6
  • Operating Expense: 52600.00
  • Rent Control: No
  • Total Expenses: 52600.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Block: 315
  • Tax Census Tract: 993.10
  • Tax Lot: 17
  • Tax Tract Number: 352
  • TaxOtherAnnualAssessmentAmount: 1500.00

Range of Values:

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List Price
Sold Price
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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
06/03/2024 06/03/24 Sold $3,000,000 -6.3% $622 / Sq Ft
05/01/2024 05/01/24 Pending -- -- --
12/11/2023 12/11/23 For Sale $3,200,000 0.0% $663 / Sq Ft
11/20/2023 11/20/23 Pending -- -- --
07/14/2023 07/14/23 For Sale $3,200,000 -- $663 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Gary Tolfa

    Seller's Agent in 2024

    Gary Tolfa

    Triqor Group

    (949) 756-3232

    1 in this area

    17 Total Sales

    Gary Tolfa
    Section Image
  • James Wardlaw

    Buyer's Agent in 2024

    James Wardlaw

    Triqor Group

    (714) 496-1100

    1 in this area

    5 Total Sales

    James Wardlaw
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23124047

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

319 15th St, Huntington Beach, CA

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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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