7681 Ellis Ave Huntington Beach, CA 92648
12
Beds
9
Baths
5,155
Sq Ft
6,098
Sq Ft Lot
Highlights
- Built-In Features
- Laundry Room
- Ceiling Fan
- Hope View Elementary School Rated A-
About This Home
As of September 2024We are pleased to present this turnkey 5 unit apartment community located in the heart of Huntington Beach, at an in-place 5.04% cap rate (proforma 5.12%) and 14.59 GRM. This asset comprises an attractive unit mix of two 3-Bed/2-Bath units (~1,100 SF each) & three 2-Bed/1.5-Bath townhomes (~990 SF each). The property - interior and exterior - has been upgraded and professionally designed over the course of the last ~12 months, including windows, kitchens, bathrooms, lighting, appliances (including laundry in each unit), flooring, exterior paint, lighting & landscaping, roof (2019), partial plumbing and electric. In addition, the property now boasts a spectacular ~1,100 SF 3-Bed/2-Bath ADU. Qualified, market-rate, long-term tenants in place, these units leased FAST due to exquisite exterior and interior design, amenities like brand new kitchens & baths, private outdoor spaces, in-unit laundry, AC (ADU), and townhome-style layouts (3 units). Separate gas and electrical meters for each unit. NO LOCAL RENT CONTROL - subject only to AB 1482. Four on-site parking spaces too. Located in prime Orange County in one of the strongest rental markets. Short distance to beaches, HB Pier, neighborhood shopping center, grocery stores, trails and more.
Last Agent to Sell the Property
Kape Property Management, Inc. License #02069623 Listed on: 02/29/2024
Last Buyer's Agent
Rick Applebaum
Morgan Skenderian License #01273871
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 6,098 Sq Ft Lot
- Lot Dimensions are 62x100
Interior Spaces
- 5,155 Sq Ft Home
- 2-Story Property
- Built-In Features
- Ceiling Fan
Kitchen
- Gas Oven
- Gas Cooktop
- Microwave
- Freezer
- Ice Maker
- Dishwasher
Bedrooms and Bathrooms
- 12 Bedrooms
- 9 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- 4 Parking Spaces
- Assigned Parking
Utilities
- Heating System Mounted To A Wall or Window
- Cable TV Available
Community Details
- 5 Units
- Kape Property Management Inc. Association
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- The owner pays for water, gardener
- Assessor Parcel Number 159-055-07
Similar Homes in Huntington Beach, CA
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Home Values in the Area
Average Home Value in this Area
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: The MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
Noam Srolovitz
N
Seller's Agent in 2024
Noam Srolovitz
Kape Property Management, Inc.
(908) 227-5950
29 Total Sales
-
Benjamin Lester
B
Seller Co-Listing Agent in 2024
Benjamin Lester
Kape Property Management, Inc.
(310) 482-2500
15 Total Sales
-
R
Buyer's Agent in 2024
Rick Applebaum
Morgan Skenderian
-
Emily Ching
Seller's Agent in 2022
Emily Ching
Cerritos Investments Inc.
(562) 412-7770
61 Total Sales
-
Hank Chang
Seller Co-Listing Agent in 2022
Hank Chang
Cerritos Investments, Inc.
(626) 318-8589
57 Total Sales
Map
Source: The MLS
MLS Number: 24-350231
APN: 159-055-07
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