NOT LISTED FOR SALE
4 Beds
3 Baths
2,275 Sq Ft
9,060 Sq Ft Lot

Last Sold June 21, 2021

Last sale price $1,232,000 $542 Per Sq Ft

34 Days on Market

Highlights

  • Lawn
  • Cul-De-Sac
  • 6 Attached Carport Spaces
  • Hope View Elementary School Rated A-
  • Laundry Room
  • Landscaped

About This Home

As of June 2021

Developers dream! This is a rare opportunity to purchase an income producing, well maintained triplex that's only four miles from the beach and situated close to restaurants, shopping, schools and more. Each unit has a private backyard and 2 parking spots. This single level garden style triplex is full of potential to develop. Plans available upon request to build 3 SFR homes. Each home has a 2 car garage and a guest parking spot. Plans are approved through the City of Huntington Beach, with building permits started. Literally ready for demo!!
Plans are to build:
Unit 1 - 3 bed, 2.5 bath 2197 SQFT
Unit 2 - 3 bed, 2.5 bath 1933 SQFT
Unit 3 - 3 bed, 3.5 bath 1818 SQFT
Each unit is 3 stories tall, total 5948 SQFT.

Last Agent to Sell the Property

Roz Essner

Compass License #01377118 Listed on: 03/17/2021

Compass

Co-Listed By

Kevin Via

Compass License #02042474

Last Buyer's Agent

Omid Yousofi

Titan Pacific Group Inc License #01702974

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 9,060 Sq Ft Lot
  • Two or More Common Walls
  • Cul-De-Sac
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Lawn

Parking

  • 2 Car Garage
  • 6 Attached Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Triplex

Interior Spaces

  • 2,275 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Additional Features

  • Suburban Location
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 12
  • Tax Tract Number 3478
  • Assessor Parcel Number 16530212

Community Details

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $558
  • Fuel Expense $492
  • Gardener Expense $1,200
  • Insurance Expense $1,832
  • Maintenance Expense $2,700
  • Trash Expense $1,044
  • Water Sewer Expense $852
  • New Taxes Expense $14,245
  • Operating Expense $22,923
  • Gross Income $54,310
  • Net Operating Income $30,740

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • CapRate: 2.35
  • Property Attached: Yes
  • Water Sewer Expenses: 852.00
  • Zoning: R2
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 16530212
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 541.54

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Carport, Attached Carport
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community, Dryer Included, Individual Room, Washer Included
  • Sewer: Public Sewer, Sewer Paid
  • Trash Expense: 1044.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Landscaped, Lawn, Level with Street, Rectangular Lot, Level
  • Lot Size Sq Ft: 9060.00
  • Lot Size Acres: 0.2080
  • Latitude Manual: 33.70328800

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 558.00
  • Fuel Expense: 492.00
  • Gross Income: 54310.00
  • Gross Multiplier: 23.84
  • Gross Operating Income: 53224.00
  • Gross Scheduled Income: 54310.00
  • Insurance Expense: 1832.00
  • Laundry Income: 490.00
  • Lot Size Area: 9060.0000 Square Feet
  • Maintenance Expense: 2700.00
  • Net Operating Income: 30740.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 22923.00
  • Rent Control: No
  • Total Expenses: 22923.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 14245.00
  • Tax Census Tract: 994.02
  • Tax Lot: 12
  • Tax Tract Number: 3478

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 List to Sale Price per Sq Ft Prior Sale
06/21/2021 06/21/21 Sold $1,232,000 -4.9% $542 / Sq Ft
03/17/2021 03/17/21 For Sale $1,295,000 +36.3% $569 / Sq Ft
10/30/2018 10/30/18 Sold $950,000 -2.6% $416 / Sq Ft View Prior Sale
10/17/2018 10/17/18 Pending -- -- --
10/01/2018 10/01/18 Price Changed $975,000 -4.9% $427 / Sq Ft
06/29/2018 06/29/18 For Sale $1,025,000 -- $449 / 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: OC21052977

California Regional Multiple Listing Service (CRMLS)