NOT LISTED FOR SALE

7924 Stark Dr Huntington Beach, CA 92647

Washington Neighborhood
4 Beds
4 Baths
14,674 Sq Ft
0.46 Acres

Last Sold December 07, 2016

Last sale price $5,250,000 $358 Per Sq Ft

55 Days on Market

Highlights

  • Marina
  • 20,000 Sq Ft lot
  • Living Room with Attached Deck
  • Spring View Middle School Rated 9+
  • Fireplace in Primary Bedroom
  • End Unit

About This Home

As of December 2016

Trophy asset, possible condo conversion, repositioning opportunity in a prestigious Huntington Beach location .Infill area between emerging remodel Condo/Apt. and new high-end Class A development. Located within walking distance of Bella Terra center and other high traffic retail centers at Junction of 405 FWY, Beach Blvd & Edinger Avenue. ALL units are Months to Months rent . Current CAP is 4.02% ( Long term Tenants) with market Proforma CAP of about 6.37%. Per seller information project may have been built per Condo standard in 1987, Buyer to Verify all information from public agencies.

Last Agent to Sell the Property

Mike Zomorrodian

Coldwell Banker Res. Brokerage License #01156545 Listed on: 07/27/2016

Coldwell Banker Res. Brokerage

Last Buyer's Agent

Benjamin Hsiang

Realty Investment Advisors, Inc. License #01438644

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 100x201
  • End Unit
  • Two or More Common Walls
  • Wood Fence
  • Fence is in good condition
  • Level Lot
  • Sprinkler System
  • Density is 16-20 Units/Acre
  • On-Hand Building Permits

Parking

  • 24 Car Direct Access Garage
  • 4 Carport Spaces
  • Public Parking
  • Parking Storage or Cabinetry
  • Two Garage Doors
  • On-Street Parking
  • Parking Lot
  • Assigned Parking
  • Unassigned Parking

Home Design

  • Property Attached
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Composition Roof
  • Wood Siding
  • Pre-Cast Concrete Construction
  • Copper Plumbing
  • Plaster
  • Stucco

Interior Spaces

  • 14,674 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Electric Fireplace
  • Gas Fireplace
  • Entryway
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Dining Room with Fireplace
  • Den with Fireplace
  • Storage
  • Laundry Room

Kitchen

  • Electric Oven
  • Built-In Range
  • Dishwasher
  • Ceramic Countertops
  • Disposal
  • Fireplace in Kitchen

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • Fireplace in Primary Bedroom Retreat
  • 4 Bathrooms
  • Fireplace in Bathroom

Home Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Outdoor Features

  • Living Room Balcony
  • Fireplace in Patio
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Forced Air Heating System
  • Underground Utilities
  • High-Efficiency Water Heater
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Halls are 48 inches wide or more
  • Water-Smart Landscaping

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 90
  • Tax Tract Number 417
  • Assessor Parcel Number 14208309

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 16 Units

Recreation

  • Marina

Building Details

  • 16 Leased Units
  • 16 Separate Electric Meters
  • 16 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,153
  • Insurance Expense $4,724
  • Pest Control $1,500
  • Professional Management Expense $600
  • Trash Expense $5,841
  • Water Sewer Expense $7,327
  • New Taxes Expense $50,000
  • Gross Income $22,150
  • Net Operating Income $210,854

Additional Features

  • Laundry Facilities
  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Parking

24

Listing Details

  • Assessments: No
  • CapRate: 4.02
  • Professional Management Expense: 600.00
  • Property Attached: Yes
  • Security: Fire Sprinkler System, Fire and Smoke Detection System, Resident Manager
  • Subdivision Name Other: Goldenwest Park (GWPK)
  • Water Sewer Expenses: 7327.00
  • Property Condition: Building Permit, Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 14208309
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Ceramic Counters, Copper Plumbing Full, High Ceilings, Living Room Balcony, Living Room Deck Attached, Pantry, Storage, Tile Counters, Unfurnished
  • Stories: 2
  • Entry Location: Ground Level No Steps
  • Common Walls: 2+ Common Walls, End Unit
  • Flooring: Carpet, Tile, Vinyl
  • Accessibility Features: 36 Inch Or More Wide Halls, 48 Inch Or More Wide Halls
  • Appliances: Yes
  • Fireplace Features: Bath, Den, Dining Room, Electric, Family Room, Gas, Kitchen, Living Room, Master Bedroom, Master Retreat, Patio
  • Levels: Two
  • Price Per Square Foot: 357.78
  • Room Type: Den, Entry, Living Room

Exterior Features

  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • Fencing: Good Condition, Wood
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Concrete, Drywall Walls, Frame, Plaster, Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 24.00
  • Parking: No
  • Parking Features: Assigned, Direct Garage Access, Garage, Public, Parking Space, Garage - Single Door, Street, Built-In Storage, Garage - Two Door, Unassigned
  • Total Parking Spaces: 28.00

Utilities

  • Utilities: Cable Available, Natural Gas Available, Sewer Connected, Sewer Available, Phone Connected, Underground Utilities, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Electric Oven, Disposal, Gas Range, Gas Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Forced Air
  • Laundry Features: Common Area
  • Pest Control Expense: 1500.00
  • Trash Expense: 5841.00
  • Water Source: Public

Condo/Co-op/Association

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

Green Features

  • Green Water Conservation: Water-Smart Landscaping
  • Efficiency: Water Heater

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre, Level with Street, Lot 10000-19999 Sqft, Lot 20000-39999 Sqft, Sprinkler System
  • Lot Size: 100x201
  • Lot Size Sq Ft: 20000.00
  • Price Per Lot Square Foot: 262.50

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 800
  • Average2 Bed Area: 1000
  • Electric Expense: 1153.00
  • Gross Income: 22150.00
  • Gross Scheduled Income: 265800.00
  • Insurance Expense: 4724.00
  • Laundry Equipment Own Lease: Own
  • Net Operating Income: 210854.00
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 16
  • Number Of Units Total: 16
  • Number With Carpet: 16
  • Number With Dishwasher: 16
  • Number With Disposal: 16
  • Number With Patio: 18
  • Number With Range: 16
  • Operating Expense: 54946.00
  • Rent Control: No
  • Total Actual Rent: 21550.00
  • Waterfront Features: Marina in Community

Tax Info

  • New Taxes Expense: 50000.00
  • Tax Lot: 90
  • Tax Tract Number: 417

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
12/07/2016 12/07/16 Sold $5,250,000 0.0% $358 / Sq Ft
09/20/2016 09/20/16 Pending -- -- --
07/27/2016 07/27/16 For Sale $5,250,000 -- $358 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Mike Zomorrodian

    Coldwell Banker Res. Brokerage

    Section Image
  • Benjamin Hsiang

    Buyer's Agent in 2016

    Benjamin Hsiang

    Realty Investment Advisors, Inc.

    (424) 377-6001

    73 Total Sales

    Benjamin Hsiang
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16186094

California Regional Multiple Listing Service (CRMLS)

APN: 142-083-09

California Orange County Huntington Beach 92647 Washington

7924 Stark Dr, Huntington Beach, CA

This home is located at 7924 Stark Dr, Huntington Beach, CA 92647 since 27 July 2016. This property was built in 1987. 7924 Stark Dr is a home located in Orange County with nearby schools including Sun View Elementary School, Spring View Middle School, and Marina High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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