NOT LISTED FOR SALE
5 Beds
3 Baths
2,471 Sq Ft
2,938 Sq Ft Lot

Last Sold October 20, 2017

Last sale price $1,310,000 $530 Per Sq Ft

23 Days on Market

Highlights

  • Laundry Room
  • Agnes L. Smith Elementary Rated A-
  • Wood Fence

About This Home

As of October 2017

For the first time in nearly 30 years, we are pleased to present 320 8th Street, a duplex located in the prime beachside community of downtown Huntington Beach, California. The subject property was built in 1969 and extensively renovated in 2014, and has approximately 2,471 rentable squarefeet set on a 2,937-square foot lot. Downstairs is the two-bedroom/one-bathroom unit while the three-bedroom/ two-bathroom unit is upstairs. Each unit has its own water heater, separately metered for gas and electricity, and has garage parking. The two-bedroom unit has one garage-space and the three-bedroom unit has two garage-spaces. The building was extensively renovated in 2014, as the current owners installed new flooring, new kitchen and bathroom cabinets, new lighting, new paint, new stucco, new garage doors, and new landscaping, amongst many other renovations.

Last Agent to Sell the Property

Kevin King

Marcus & Millichap License #01158184 Listed on: 08/15/2017

Co-Listed By

Ryan Gonzalez

Lyon Stahl Investment Real Est License #01874815

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • 2,938 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,471 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 20
  • Tax Tract Number 352
  • Assessor Parcel Number 02411403

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $643
  • Fuel Expense $643
  • Insurance Expense $3,638
  • Maintenance Expense $2,196
  • Other Expense $200
  • Professional Management Expense $500
  • Trash Expense $643
  • Water Sewer Expense $643
  • New Taxes Expense $15,799
  • Operating Expense $24,905
  • Gross Income $72,000
  • Net Operating Income $44,938

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

0

Parking

3

Listing Details

  • CapRate: 3.21
  • Professional Management Expense: 500.00
  • Property Attached: Yes
  • Water Sewer Expenses: 643.00
  • Zoning: R2
  • Property Type: Residential Income
  • Parcel Number: 02411403
  • Year Built: 1969
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 530.15

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Unknown
  • Trash Expense: 643.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 2938.00

Multi Family

  • Electric Expense: 643.00
  • Fuel Expense: 643.00
  • Gross Income: 72000.00
  • Gross Multiplier: 19.44
  • Gross Operating Income: 69840.00
  • Gross Scheduled Income: 72000.00
  • Insurance Expense: 3638.00
  • Maintenance Expense: 2196.00
  • Net Operating Income: 44938.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 24905.00
  • Other Expense: 200.00
  • Other Expense Description: Misc/Res
  • Rent Control: No
  • Total Expenses: 24905.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 15799.00
  • Tax Census Tract: 993.11
  • Tax Lot: 20
  • Tax Tract Number: 352

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
10/20/2017 10/20/17 Sold $1,310,000 -6.4% $530 / Sq Ft
08/15/2017 08/15/17 For Sale $1,400,000 -- $567 / 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: PW17188785

California Regional Multiple Listing Service (CRMLS)

APN: 024-114-03