NOT LISTED FOR SALE
7 Beds
6 Baths
3,099 Sq Ft
5,663 Sq Ft Lot

Last Sold July 01, 2020

Last sale price $1,760,000 $568 Per Sq Ft

33 Days on Market

Highlights

  • Traditional Architecture
  • Laundry Room
  • Central Heating and Cooling System
  • Agnes L. Smith Elementary Rated A-
  • Tile Flooring
  • Ceiling Fan

About This Home

As of July 2020

Excellent Investment Opportunity in a Very Desirable, Prime Location in Downtown Huntington Beach Neighborhood. Walk to the Beach—Just Six Short Blocks to the Sand--.06 Miles! Well maintained 3-unit property w/stable income & long-term tenants. These tri-plex units rarely come on the market. When a vacancy does occur, they are rented out, quickly. A new roof was installed, Oct 2019. Windows have been replaced t/o. Unit A, The front unit offers 3 bed/2 baths. It has central a/c &heat, New hot water heater. This unit features a large front patio & a private side patio. It has it's own washer & dryer. Wood laminate flooring in the entry, dining, kitchen & hallway. A spacious living room with a fireplace, a separate dining room, w/built in cabinets-- right off the kitchen. There is plenty of storage space w/the kitchen pantry, New gas stove/oven. Unit B offers 2 bedrooms and 1.5 baths plus a private patio. New wood laminate flooring in the family room, bedrooms & hallway. Unit C is upstairs with 2 bedrooms/1.5 baths offering a very large, usable patio/top Deck. Each unit features a one car garage, 3 garages total. There are TWO additional parking spaces, one on each side of the garages. Additional Option: This Triplex sits on 2 lots--2 new homes could be built. Do NOT Disturb the tenants. Inspection subject to approved offer/contract--Not Before. This is a Trust Sale, sold 'as-is'. Termite Clearance Will be provided. Wood work repair is completed. Great HB location to own units!

Last Agent to Sell the Property

Nancy Andreason

Coldwell Banker Realty License #01730309 Listed on: 03/02/2020

Coldwell Banker Realty

Last Buyer's Agent

Nancy Andreason

Coldwell Banker Realty License #01730309 Listed on: 03/02/2020

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 117.5' x 50'
  • No Common Walls
  • East Facing Home
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Rear-Facing Garage
  • Assigned Parking

Home Design

  • Triplex
  • Traditional Architecture
  • Turnkey
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 3,099 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Family Room with Fireplace

Kitchen

  • Gas Oven
  • Gas Range
  • Free-Standing Range

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 21 / 620
  • Tax Tract Number 359
  • Assessor Parcel Number 02311311

Community Details

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $269
  • Fuel Expense $692
  • Gardener Expense $540
  • Insurance Expense $2,180
  • Maintenance Expense $5,959
  • Professional Management Expense $6,821
  • Trash Expense $716
  • Water Sewer Expense $1,317
  • New Taxes Expense $21,400
  • Operating Expense $20,959
  • Gross Income $82,365
  • Net Operating Income $60,641

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • CapRate: 3.32
  • Professional Management Expense: 6821.00
  • Property Attached: No
  • Subdivision Name Other: Tri-plex
  • Water Sewer Expenses: 1317.00
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 540.00
  • Parcel Number: 02311311
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 567.93

Exterior Features

  • Direction Faces: East
  • Foundation: Slab
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, Garage Faces Rear
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Gas Oven, Gas Range
  • Electric: Electricity - On Property
  • Heating Type: Central, Wall Furnace, Fireplace(s)
  • Laundry Features: Common Area, Community, Dryer Included, Individual Room, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 716.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size: 117.5' x 50'
  • Lot Size Sq Ft: 5663.00
  • Lot Size Acres: 0.1300

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 1000 Square Feet
  • Average3 Bed Area: 1099 Square Feet
  • Electric Expense: 269.00
  • Fuel Expense: 692.00
  • Gross Income: 82365.00
  • Gross Multiplier: 22.36
  • Gross Scheduled Income: 81600.00
  • Insurance Expense: 2180.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 765.00
  • Lot Size Area: 5663.0000 Square Feet
  • Maintenance Expense: 5959.00
  • Net Operating Income: 60641.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Patio: 3
  • Number With Range: 3
  • Operating Expense: 20959.00
  • Rent Control: No
  • Total Actual Rent: 6800.00
  • Total Expenses: 20959.00

Tax Info

  • New Taxes Expense: 21400.00
  • Tax Block: 620
  • Tax Census Tract: 993.10
  • Tax Lot: 21
  • Tax Tract Number: 359

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
07/01/2020 07/01/20 Sold $1,760,000 -1.6% $568 / Sq Ft
04/04/2020 04/04/20 Pending -- -- --
03/31/2020 03/31/20 For Sale $1,789,000 0.0% $577 / Sq Ft
03/03/2020 03/03/20 Pending -- -- --
03/02/2020 03/02/20 For Sale $1,789,000 -- $577 / 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: OC20027612

California Regional Multiple Listing Service (CRMLS)

APN: 023-113-11