$847,000
SOLD APR 26, 2024

7561 Center Ave Unit 30 Huntington Beach, CA 92647

2 Beds
3 Baths
1,836 Sq Ft
$268/mo HOA Fee

Recently Sold

$461 Per Sq Ft

1% Above List Price

124 Days on Market

Highlights

  • Laundry Room
  • Central Heating and Cooling System
  • Back Yard
  • Spring View Middle School Rated 9+
  • Stacked Washer and Dryer

About This Home

As of April 2024

Fantastic investment opportunity to in Old World Village! The combination of commercial space downstairs and living space upstairs offers great flexibility. The location, just steps from Center Ave and the parking lot, is very convenient. Nicely updated 2 bed, 1 bath upstairs unit provides a comfortable living space (currently tenant occupied), while the commercial unit below offers potential for various future business ventures (commercial space is currently occupied). Old World Village itself seems like a charming and vibrant community, with its cobblestone streets and a variety of stores including restaurants, coffee shops, and and lots of other specialty shops. Includes detached garage with storage. Being conveniently located off the 405 freeway and Beach Blvd, and across from Bella Terra Mall, provides easy access to many more shopping options within walking distance. Overall, this live/work space in Old World Village is a great opportunity for someone looking to combine their business and living spaces in a charming community.

Last Agent to Sell the Property

Kevin Sullivan

Compass Brokerage Phone: 7147211006 License #01736751 Listed on: 10/12/2023

Compass

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1976

Lot Details

  • No Common Walls
  • Back Yard

HOA Fees

  • $268 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Parking Available
  • Single Garage Door

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,836 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 30
  • Tax Tract Number 9119
  • Assessor Parcel Number 14247430
  • $541 per year additional tax assessments

Community Details

Overview

  • Old World Village Association, Phone Number (949) 225-0200
  • Old World Subdivision

Building Details

  • 1 Leased Unit
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,900
  • Professional Management Expense $2,800
  • Operating Expense $3,400
  • Gross Income $50,400
  • Net Operating Income $36,260

Property Details

Home Type

Condominium

Year Built

Built in 1976

Lot Details

0

HOA Fees

$268 per month

Parking

1

Listing Details

  • CapRate: 4.31
  • Price Per Unit: 840000
  • Professional Management Expense: 2800.00
  • Property Attached: No
  • Subdivision Name Other: Old World (OWOR)
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 14247430
  • Year Built: 1976
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 461.33
  • Room Type: All Bedrooms Up

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Garage - Single Door
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Closet, Stackable
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 268.00
  • Association Fee Frequency: Monthly
  • Association Name: Old World Village
  • Phone: 949-225-0200
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 1307.00
  • Lot Size Acres: 0.0300
  • Latitude Manual: 33.73428800

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average2 Bed Area: 1000 Square Feet
  • Gross Income: 50400.00
  • Gross Scheduled Income: 50400.00
  • Insurance Expense: 1900.00
  • Lot Size Area: 1307.0000 Square Feet
  • Net Operating Income: 36260.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 1
  • Operating Expense: 14140.00
  • Rent Control: No
  • Total Expenses: 3400.00

Tax Info

  • Tax Census Tract: 997.03
  • Tax Lot: 30
  • Tax Tract Number: 9119
  • TaxOtherAnnualAssessmentAmount: 541.00

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2024 04/26/24 Sold $847,000 0.0% $461 / Sq Ft
04/26/2024 04/26/24 Sold $847,000 +0.8% $461 / Sq Ft
03/04/2024 03/04/24 For Sale $840,000 -0.8% $458 / Sq Ft
02/29/2024 02/29/24 Off Market $847,000 -- --
02/16/2024 02/16/24 Pending -- -- --
02/13/2024 02/13/24 Pending -- -- --
10/25/2023 10/25/23 For Sale $840,000 0.0% $458 / Sq Ft
10/12/2023 10/12/23 For Sale $840,000 +61.5% $458 / Sq Ft
11/15/2016 11/15/16 Sold $520,000 -5.3% $283 / Sq Ft
09/12/2016 09/12/16 Pending -- -- --
08/10/2016 08/10/16 Price Changed $549,000 -8.3% $299 / Sq Ft
08/09/2016 08/09/16 For Sale $599,000 +15.2% $326 / Sq Ft
08/05/2016 08/05/16 Off Market $520,000 -- --
08/03/2016 08/03/16 For Sale $599,000 0.0% $326 / Sq Ft
05/12/2016 05/12/16 Pending -- -- --
05/05/2016 05/05/16 For Sale $599,000 -- $326 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23191142

California Regional Multiple Listing Service (CRMLS)