NOT LISTED FOR SALE

4981 Pearce Dr Huntington Beach, CA 92649

4 Beds
4 Baths
2,822 Sq Ft
4,909 Sq Ft Lot

Last Sold September 18, 2024

Last sale price $1,365,000 $484 Per Sq Ft

141 Days on Market

Highlights

  • No Units Above
  • Corner Lot
  • 2 Car Direct Access Garage
  • Harbour View Elementary School Rated A-
  • No HOA
  • Laundry Room

About This Home

As of September 2024

DON'T MISS OUT!!! This is THE perfect opportunity to start or expand your real estate portfolio with this spacious DUPLEX within a mile and a half from the BEACH! The possibilities are abundant with a bonus parcel situated on a coveted corner lot. Live in one unit and rent out the other as you build wealth. Location, location, location. The Bolsa Chica Wetlands, Huntington Harbour, Meadowlark Golf Course, the Pacific Ocean, places of worship and countless sumptuous eateries and restaurants are literality all within walking distance. Both units are HUGE and feature a private garage with direct access, private patio and balcony a fireplace and vaulted ceilings. In addition to the garage, each unit also boast three uncovered spaces with room for an RV or a boat. Rents are currently at least 25% below market.

Last Agent to Sell the Property

Gene Smith

RE/MAX TerraSol Brokerage Phone: 949-395-7552 License #01965474 Listed on: 04/09/2024

RE/MAX TerraSol

Last Buyer's Agent

Gene Smith

RE/MAX TerraSol Brokerage Phone: 949-395-7552 License #01965474 Listed on: 04/09/2024

RE/MAX TerraSol

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1974

Lot Details

  • 4,909 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • South Facing Home
  • Corner Lot
  • 17822213

Parking

  • 2 Car Direct Access Garage
  • 6 Open Parking Spaces
  • Parking Available
  • Combination Of Materials Used In The Driveway

Home Design

  • Duplex
  • Entry on the 1st floor
  • Slab Foundation
  • Spanish Tile Roof

Interior Spaces

  • 2,822 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Upper Level Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Features

  • Exterior Lighting
  • Space Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 141
  • Tax Tract Number 187
  • Assessor Parcel Number 17822214
  • $527 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,521
  • Trash Expense $810
  • Water Sewer Expense $810
  • Operating Expense $3,141
  • Gross Income $58,800
  • Net Operating Income $55,659

Property Details

Home Type

Multi-Family

Year Built

Built in 1974

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 3.83
  • Inclusions: Negotiable
  • Property Attached: Yes
  • Water Sewer Expenses: 810.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 17822214
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Flooring: Carpet, Laminate, Vinyl
  • Entry Level: 1
  • Fireplace Features: Gas
  • Levels: Two
  • Price Per Square Foot: 483.70
  • Room Type: All Bedrooms Up

Exterior Features

  • Direction Faces: South
  • Foundation: Slab
  • Pool Private: No
  • Roof: Spanish Tile
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway - Combination, Concrete
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Space Heater
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 810.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 17822213
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 4909.00
  • Lot Size Acres: 0.1127

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 58800.00
  • Gross Multiplier: 24.66
  • Gross Operating Income: 58800.00
  • Gross Scheduled Income: 58800.00
  • Insurance Expense: 1521.00
  • Lot Size Area: 4909.0000 Square Feet
  • Net Operating Income: 55659.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Operating Expense: 3141.00
  • Rent Control: No
  • Total Actual Rent: 4900.00
  • Total Expenses: 3141.00

Tax Info

  • Tax Census Tract: 994.16
  • Tax Lot: 141
  • Tax Tract Number: 187
  • TaxOtherAnnualAssessmentAmount: 527.00

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
09/18/2024 09/18/24 Sold $1,365,000 -1.7% $484 / Sq Ft
08/28/2024 08/28/24 Pending -- -- --
08/26/2024 08/26/24 Price Changed $1,388,000 -4.3% $492 / Sq Ft
08/14/2024 08/14/24 Price Changed $1,450,000 -1.4% $514 / Sq Ft
08/14/2024 08/14/24 Price Changed $1,470,000 -2.0% $521 / Sq Ft
07/31/2024 07/31/24 Price Changed $1,500,000 -3.2% $532 / Sq Ft
07/29/2024 07/29/24 Price Changed $1,549,900 -0.6% $549 / Sq Ft
07/18/2024 07/18/24 Price Changed $1,559,000 -0.3% $552 / Sq Ft
07/12/2024 07/12/24 Price Changed $1,564,000 -0.3% $554 / Sq Ft
06/10/2024 06/10/24 Price Changed $1,569,000 -0.2% $556 / Sq Ft
06/05/2024 06/05/24 Price Changed $1,572,000 -0.4% $557 / Sq Ft
05/28/2024 05/28/24 Price Changed $1,578,800 -0.3% $559 / Sq Ft
05/15/2024 05/15/24 Price Changed $1,584,000 -0.3% $561 / Sq Ft
04/09/2024 04/09/24 For Sale $1,589,000 -- $563 / 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: OC24069909

California Regional Multiple Listing Service (CRMLS)

APN: 178-222-14