S
Seller's Agent in 2021
Steven Wilcoxon
Steven Wilcoxon R.E. Broker
(714) 343-6157
8 Total Sales
402 Main St Huntington Beach, CA 92648
Estimated Value: $7,554,344
0.47
Acre
$16,073,072
Price per Acre
20,473
Sq Ft Lot
Highlights
- Property is near public transit
- Corner Lot
- No HOA
- Agnes L. Smith Elementary Rated A-
About This Lot
As of May 2021Last large parcel located 3-blocks from the beach and adjacent to Huntington Beach Main Street Promenade with over 20,000 square feet of lot for future development. Existing structure was extensively renovated and retrofitted between 1991 and 2014 and brought to current code standard. At top of Promenade at corner of Main Street and Orange--2 busy through streets. Very large parking area with 28 spaces. Has been considered for all Main Street mixed uses from Condos to Clubs. Current long term tenant made significant capital improvements to the structure. Current lease ends in 2024 with 2 five year options to extend to 2029 and to 2034 with adjusted rent increases. Master Tenant sub-lease to Hair Salon. Very secure cash flow NNN investment with huge potential for appreciation and future development with minimal management needed by owner. See agent confidential remarks for rent adjustment schedule. Offering includes 3 contiguous parcels, end of block 024-134-06/07/08, with all structures and improvements: 2 retail stores and large parking lot. Multiple mixed uses possible for land future development, residential or commercial.
Last Agent to Sell the Property
Steven Wilcoxon R.E. Broker License #00657836 Listed on: 08/10/2020
Property Details
Property Type
- Land
Est. Annual Taxes
- $29,095
Lot Details
- 0.47 Acre Lot
- Property fronts an alley
- Corner Lot
- Rectangular Lot
- Paved or Partially Paved Lot
- Level Lot
- The property's topography is level
- 07/06
- Property is zoned Commercial
Location
- Property is near public transit
- Urban Location
Utilities
- Overhead Utilities
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 23 / 403
- Tax Tract Number 356
- Assessor Parcel Number 02413408
Community Details
Overview
- No Home Owners Association
- Downtown Area Subdivision
Recreation
- Exterior Lighting
- Rain Gutters
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 29, 2022
Sold by
Everybodys Gone Surfin Llc
Bought by
Better Future Investment Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
5.81%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 20, 2020
Sold by
Peluso Lorezo Charles
Bought by
Peluso Lorenzo Charles
Purchase Details
Closed on
Sep 20, 2006
Sold by
Cavic Branko and Cavic Louise
Bought by
Cavic Branko and Cavic Louise
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Better Future Investment Llc | $6,000,000 | Wfg National Title | |
| Peluso Lorenzo Charles | -- | None Available | |
| Cavic Branko | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Better Future Investment Llc | $2,500,000 | |
| Closed | Better Future Investment Llc | $3,000,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/07/2021 05/07/21 | Sold | $5,555,900 | -1.2% | -- |
| 02/10/2021 02/10/21 | Pending | -- | -- | -- |
| 11/29/2020 11/29/20 | Price Changed | $5,625,900 | -5.8% | -- |
| 10/23/2020 10/23/20 | Price Changed | $5,970,500 | -14.1% | -- |
| 08/10/2020 08/10/20 | For Sale | $6,950,000 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| 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 |
|---|---|---|---|---|
| 2025 | $29,095 | $2,689,434 | $2,663,424 | $26,010 |
| 2024 | $29,095 | $2,636,700 | $2,611,200 | $25,500 |
| 2023 | $28,462 | $2,585,000 | $2,560,000 | $25,000 |
| 2022 | $26,501 | $2,422,500 | $2,391,900 | $30,600 |
| 2021 | $25,996 | $2,374,346 | $2,349,087 | $25,259 |
| 2020 | $1,199 | $107,094 | $86,893 | $20,201 |
| 2019 | $1,184 | $104,995 | $85,190 | $19,805 |
| 2018 | $1,166 | $102,937 | $83,520 | $19,417 |
| 2017 | $1,150 | $100,919 | $81,882 | $19,037 |
| 2016 | $1,098 | $98,941 | $80,277 | $18,664 |
| 2015 | $1,088 | $97,455 | $79,071 | $18,384 |
| 2014 | $1,064 | $95,546 | $77,522 | $18,024 |
Source: Public Records
Agents Affiliated with this Home
-
Steven Wilcoxon
-
NoEmail NoEmail
N
Buyer's Agent in 2021
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
5,860 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW20161323
APN: 024-134-08
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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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