NOT LISTED FOR SALE
5 Beds
4 Baths
13,305 Sq Ft
16,161 Acres

Last Sold August 20, 2021

Last sale price $5,675,000 $427 Per Sq Ft

120 Days on Market

Highlights

  • 16,161 Acre Lot
  • No HOA
  • Dog Park
  • College View Elementary School Rated 9+
  • Laundry Room

About This Home

As of August 2021

***PRICE JUST REDUCED BY $100,000****Built in 1988, Duke Apartments is a Class A, mid-rise multi-family investment property located at 7581 Warner Ave., in the sea-side community of Huntington Beach, California. Consisting of 11 very spacious two- and three-bedroom apartments, which all have been recently renovated, the property showcases on-trend design updates that epitomize pride of ownership. With interior and exterior renovations completed between 2016 and 2017 & 2018, each unit now boasts new interior paint, window awnings, granite countertops, stainless steel appliances (dishwasher/refrigerator/sink/stove-top/oven/micro-wave), cabinets/hardware, kitchen fixtures, faux wood flooring, ceiling fans, electrical outlets, bathroom vanity cabinets, toilets, flooring, showers, lights, mirrored closets, interior doors, etc. Additionally, each unit enjoys a newly renovated balcony or patio, renovated on-site laundry on each of the 3 levels, private enclosed parking garage (16 total), and ample guest surface parking (8 open spots). Standard to each apartment is metered gas and electric, central air conditioning/heat, and individual water heater. Water, trash, and sewer is billed back through a RUBS program.
The property will offer a sound investment to a prudent investor.
Please contact the Listing Agent for the mkt. package/ current income and expenses

Last Agent to Sell the Property

Burton Young

Burton S. Young, Broker License #01058300 Listed on: 02/02/2021

Last Buyer's Agent

Greg Bassirpou

Marcus & Millichap RE Invest License #01365951

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 16,161 Acre Lot
  • Two or More Common Walls
  • Density is 26-30 Units/Acre

Parking

  • 8 Open Parking Spaces
  • 16 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 13,305 Sq Ft Home
  • 3-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 179
  • Assessor Parcel Number 14221223

Community Details

Overview

  • No Home Owners Association
  • 11 Units

Amenities

  • Laundry Facilities

Recreation

  • Dog Park

Building Details

  • 11 Leased Units
  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $3,048
  • Insurance Expense $3,996
  • Other Expense $20,148
  • Professional Management Expense $14,390
  • Trash Expense $4,716
  • Water Sewer Expense $5,112
  • New Taxes Expense $67,476
  • Operating Expense $118,886

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0

Parking

16

Listing Details

  • Other Phone Number: 949-295-6262
  • Professional Management Expense: 14390.00
  • Property Attached: Yes
  • Water Sewer Expenses: 5112.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 14221223
  • Year Built: 1988
  • Special Features: None

Interior Features

  • Stories: 3
  • Entry Location: Sides
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Three Or More
  • Price Per Square Foot: 426.53

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 16.00
  • Total Parking Spaces: 24.00
  • Uncovered Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 4716.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Dog Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 26-30 Units/Acre
  • Lot Size Sq Ft: 703973160.00
  • Lot Size Acres: 16161.0000

Multi Family

  • Average2 Bed Area: 1130 Square Feet
  • Average3 Bed Area: 1305 Square Feet
  • Electric Expense: 3048.00
  • Insurance Expense: 3996.00
  • Lot Size Area: 16161.0000 Acres
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 11
  • Number Of Units Total: 11
  • Other Expense: 20148.00
  • Rent Control: No
  • Total Actual Rent: 28680.00
  • Total Expenses: 118886.00

Tax Info

  • New Taxes Expense: 67476.00
  • Tax Census Tract: 994.11
  • Tax Lot: 3
  • Tax Tract Number: 179

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
08/20/2021 08/20/21 Sold $5,675,000 -3.7% $427 / Sq Ft
04/08/2021 04/08/21 Price Changed $5,895,000 -1.7% $443 / Sq Ft
02/02/2021 02/02/21 For Sale $5,995,000 +24.2% $451 / Sq Ft
04/12/2018 04/12/18 Sold $4,825,000 -3.5% $363 / Sq Ft
02/02/2018 02/02/18 Pending -- -- --
01/23/2018 01/23/18 Price Changed $4,999,888 -1.9% $376 / Sq Ft
11/20/2017 11/20/17 Price Changed $5,099,000 -1.9% $383 / Sq Ft
08/09/2017 08/09/17 For Sale $5,200,000 +105.9% $391 / Sq Ft
04/25/2012 04/25/12 Sold $2,525,000 -4.7% $158 / Sq Ft
04/01/2012 04/01/12 Pending -- -- --
02/21/2012 02/21/12 For Sale $2,649,900 -- $166 / 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: OC21021740

California Regional Multiple Listing Service (CRMLS)

APN: 142-212-23