NOT LISTED FOR SALE
1 Bed
2 Baths
2,210 Sq Ft
2,938 Sq Ft Lot

Sale Details

Date Sold: October 4, 2017

Last sale price $1,000,000 $452 Per Sq Ft

Highlights

  • Rectangular Lot
  • Wood Siding
  • Wall Furnace
  • Agnes L. Smith Elementary Rated A-
  • Carpet
  • 1-Story Property

About This Home

As of October 2017

320 14th Street is a 6-unit multi-family investment located downtown in the City of Huntington Beach. It is comprised of five one-bedroom/one-bathroom units and one studio unit. Each apartment comes with gas wall heating, and three units include a patio. The property has been owned and operated by the same group for over 23 years and represents an extremely well located investment at a low price per unit. A comprehensive interior and exterior renovation program will result in significant upside to the current revenue stream. Salient Features: Located in a very high-demand rental market, Affordable and efficient living space in an otherwise expensive market, Excellent candidate for a comprehensive interior and exterior renovation program, Walking Distance to Numerous Dining, Entertainment, and Retail Venues

Last Agent to Sell the Property

Michael Cavner

William Michael Cavner, Broker License #01274709 Listed on: 07/13/2017

Last Buyer's Agent

NONE SPECIFIED

NO OFFICE SPECIFIED License #None

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 2,938 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,210 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Location

  • Urban Location

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 02402525

Community Details

Overview

  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $360
  • Insurance Expense $1,335
  • Maintenance Expense $4,500
  • Supplies Expense $600
  • Trash Expense $1,479
  • Water Sewer Expense $1,920
  • New Taxes Expense $15,934
  • Operating Expense $26,128
  • Gross Income $77,040
  • Net Operating Income $48,601

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

2,938 Sq Ft Lot

Listing Details

  • CapRate: 3.42
  • Property Attached: No
  • Subdivision Name Other: Downtown Area (DOWN)
  • Supplies Expense: 600.00
  • Water Sewer Expenses: 1920.00
  • Property Type: Residential Income
  • Parcel Number: 02402525
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 452.49

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Wood Siding

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Water Heater
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 1479.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 2938.00

Multi Family

  • Average1 Bed Area: 380 Square Feet
  • Average Studio Area: 310 Square Feet
  • Fuel Expense: 360.00
  • Gross Income: 77040.00
  • Gross Multiplier: 18.43
  • Gross Operating Income: 74729.00
  • Gross Scheduled Income: 77040.00
  • Insurance Expense: 1335.00
  • Maintenance Expense: 4500.00
  • Maintenance Percent: 17.20
  • Net Operating Income: 48601.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 26128.00
  • Operating Expense Percent: 33.90
  • Rent Control: No
  • Total Expenses: 26128.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 15934.00
  • Tax Census Tract: 993.10

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 7, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,190,000
Outstanding Balance
$1,074,533
Interest Rate
3.14%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 4, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$715,000
Interest Rate
3.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 30, 1993
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Downtown Huntington Beach, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Fidelity National Title
$1,000,000 Fidelity National Title
$400,000 Stewart Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,190,000
Previous Owner $715,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/04/2017 10/04/17 Sold $1,000,000 -29.6% $452 / Sq Ft
07/13/2017 07/13/17 Pending -- -- --
07/13/2017 07/13/17 For Sale $1,420,000 -- $643 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $14,146 $1,160,583 $1,133,498 $27,085
2025 $13,883 $1,137,827 $1,111,273 $26,554
2024 $13,883 $1,115,517 $1,089,483 $26,034
2023 $13,561 $1,093,645 $1,068,121 $25,524
2022 $13,202 $1,072,201 $1,047,177 $25,024
2021 $12,964 $1,051,178 $1,026,644 $24,534
2020 $12,876 $1,040,400 $1,016,117 $24,283
2019 $12,734 $1,020,000 $996,193 $23,807
2018 $12,541 $1,000,000 $976,659 $23,341
2017 $6,383 $527,219 $498,279 $28,940
2016 $6,106 $516,882 $488,509 $28,373
2015 $6,047 $509,118 $481,171 $27,947
2014 $5,921 $499,146 $471,746 $27,400
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17163521

California Regional Multiple Listing Service (CRMLS)
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