NOT LISTED FOR SALE

5042 Waverider Cir Huntington Beach, CA 92649

8 Beds
8 Baths
6,600 Sq Ft
1988 Built

Last Sold October 30, 2018

Last sale price $2,000,000 $303 Per Sq Ft

199 Days on Market

Highlights

  • Granite Countertops
  • Balcony
  • Cul-De-Sac
  • Village View Elementary School Rated A-
  • 4 Car Direct Access Garage
  • Crown Molding

About This Home

As of October 2018

This three-story fourplex in the heart of Huntington Harbor provides a great long-term investment opportunity that is extremely hands off and low maintenance. A pride of ownership opportunity that rarely comes on the market, investors have a chance to own one of the best multifamily properties in Huntington Beach. Units have the look and feel of condos, easily renting for the highest rents in the sub market. The owner recently completed many top of the line upgrades, putting over $100,000 of capital expenditures into the interior of the units.

Named the "Best City to Live in Orange County", Huntington Beach is a vibrant surf city with mild climate that offers residents a charming community with ideal weather, diversified economy, excellent educational system, boat marinas, numerous parks, and an epicenter of activity. Boasting some of California's widest, cleanest and safest beaches, the city is home to newly constructed Pacific City, a premier downtown development with trendy retail and eateries. Huntington Beach is centrally located to all major attraction in Orange County including Disneyland, Angel Stadium, Pacific city, and Knott's Berry Farm.

Last Agent to Sell the Property

Gary Tolfa

Triqor Group License #00955403 Listed on: 02/02/2018

Last Buyer's Agent

Gary Tolfa

Triqor Group License #00955403 Listed on: 02/02/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 8,667 Sq Ft Lot
  • Two or More Common Walls
  • Cul-De-Sac
  • Landscaped

Parking

  • 4 Car Direct Access Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Tile Roof

Interior Spaces

  • 6,600 Sq Ft Home
  • 3-Story Property
  • Crown Molding
  • Ceiling Fan
  • Living Room with Fireplace

Kitchen

  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Central Heating
  • Standard Electricity

Additional Features

  • Balcony
  • Suburban Location

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 13212
  • Assessor Parcel Number 14660144

Community Details

Overview

  • Property has a Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $430
  • Other Expense $4,260
  • Trash Expense $200
  • Water Sewer Expense $2,794
  • Operating Expense $37,307
  • Gross Income $107,088
  • Net Operating Income $64,543

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0

Parking

4

Listing Details

  • CapRate: 3.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2794.00
  • Property Type: Residential Income
  • Parcel Number: 14660144
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Ceiling Fan(s), Crown Molding, Granite Counters, Pantry
  • Stories: 3
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Three Or More
  • Price Per Square Foot: 303.03

Exterior Features

  • Pool Private: No
  • Roof: Tile

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Direct Garage Access, Garage
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Cooktop, Microwave, Refrigerator
  • Electric: Standard
  • Heating Type: Central, Fireplace(s)
  • Laundry Features: Dryer Included, Electric Dryer Hookup, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Landscaped
  • Lot Size Sq Ft: 8667.00

Multi Family

  • Gross Income: 107088.00
  • Gross Multiplier: 20.61
  • Gross Operating Income: 101850.00
  • Gross Scheduled Income: 105000.00
  • Insurance Expense: 430.00
  • Net Operating Income: 64543.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 37307.00
  • Operating Expense Percent: 35.50
  • Other Expense: 4260.00
  • Other Expense Description: HOA
  • Rent Control: No
  • Total Expenses: 37307.00
  • Vacancy Allowance: 3150
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Lot: 5
  • Tax Tract Number: 13212

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 Change Sq Ft Price
10/30/2018 10/30/18 Sold $2,000,000 -7.6% $303 / Sq Ft
08/20/2018 08/20/18 Pending -- -- --
02/02/2018 02/02/18 For Sale $2,165,000 -- $328 / 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 2018

    Gary Tolfa

    Triqor Group

    (949) 756-3232

    19 Total Sales

    Gary Tolfa
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18025387

California Regional Multiple Listing Service (CRMLS)

APN: 146-601-44

California Orange County Huntington Beach 92649

5042 Waverider Cir, Huntington Beach, CA

This home is located at 5042 Waverider Cir, Huntington Beach, CA 92649 since 02 February 2018. This property was built in 1988. 5042 Waverider Cir is a home located in Orange County with nearby schools including Village View Elementary School, Marine View Middle, and Marina High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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