$1,850,000
SOLD SEP 13, 2022

7681 Ellis Ave Huntington Beach, CA 92648

9 Beds
8 Baths
4,070 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$455 Per Sq Ft

22 Days on Market

Highlights

  • Private Yard
  • No HOA
  • Wall Furnace
  • Hope View Elementary School Rated A-
  • Paved or Partially Paved Lot

About This Home

As of September 2024

Great fully leased Four-Plex with steady rental income in the heart of Huntington Beach! It comprised of 3 units of two Bedrooms 1.5 baths (approx 990 SF each) and 1 unit of three Bedrooms 1.5 baths (approx. 1,100 SF). Each unit has separate gas and electrical meters and own garage and one parking space. Property is well kept with newer roof. Located in prime Orange County in one of the strongest rental markets that is not subject to rent control. Short distance to beaches, HB Pier, neighborhood shopping center, trails and all of what Huntington Beach has to offer.

Last Agent to Sell the Property

Emily Ching

Cerritos Investments Inc. License #01341344 Listed on: 07/05/2022

Co-Listed By

Hank Chang

Cerritos Investments, Inc. License #01097077

Last Buyer's Agent

Noam Srolovitz

Kape Property Management, Inc. License #02069623

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 6,098 Sq Ft Lot
  • Two or More Common Walls
  • Paved or Partially Paved Lot
  • Private Yard

Parking

  • 4 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 4,070 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 10
  • Tax Tract Number 4955
  • Assessor Parcel Number 15905507
  • $993 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,585
  • Gardener Expense $1,565
  • Insurance Expense $3,740
  • Maintenance Expense $373
  • Other Expense $388
  • Water Sewer Expense $1,810
  • Security Expense $83
  • New Taxes Expense $19,930
  • Operating Expense $29,565
  • Gross Income $89,700
  • Net Operating Income $55,650

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • Price Per Unit: 462500
  • Property Attached: Yes
  • Security Expense: 83.00
  • Water Sewer Expenses: 1810.00
  • Zoning: R3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1565.00
  • Parcel Number: 15905507
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 454.55

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Paved, Yard
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 990 Square Feet
  • Average3 Bed Area: 1100 Square Feet
  • Electric Expense: 1585.00
  • Gross Income: 89700.00
  • Gross Operating Income: 85215.00
  • Gross Scheduled Income: 89700.00
  • Insurance Expense: 3740.00
  • Lot Size Area: 6098.0000 Square Feet
  • Maintenance Expense: 373.00
  • Net Operating Income: 55650.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 29565.00
  • Other Expense: 388.00
  • Other Expense Description: Pro svc
  • Rent Control: No
  • Total Actual Rent: 7475.00
  • Total Expenses: 29565.00
  • Vacancy Allowance: 4485
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 19930.00
  • Tax Census Tract: 994.19
  • Tax Lot: 10
  • Tax Tract Number: 4955
  • TaxOtherAnnualAssessmentAmount: 993.00

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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
09/09/2024 09/09/24 Sold $2,750,000 -3.3% $533 / Sq Ft
06/24/2024 06/24/24 Pending -- -- --
05/07/2024 05/07/24 Price Changed $2,845,000 -0.2% $552 / Sq Ft
05/06/2024 05/06/24 Price Changed $2,850,000 -3.4% $553 / Sq Ft
02/29/2024 02/29/24 For Sale $2,950,000 +59.5% $572 / Sq Ft
09/13/2022 09/13/22 Sold $1,850,000 0.0% $455 / Sq Ft
07/29/2022 07/29/22 For Sale $1,850,000 0.0% $455 / Sq Ft
07/27/2022 07/27/22 Off Market $1,850,000 -- --
07/27/2022 07/27/22 Pending -- -- --
07/05/2022 07/05/22 For Sale $1,850,000 -- $455 / 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: PW22145654

California Regional Multiple Listing Service (CRMLS)

APN: 159-055-07