NOT LISTED FOR SALE

8177 Garfield Ave Huntington Beach, CA 92646

1 Bed
1 Bath
6,547 Sq Ft
0.31 Acres

Last Sold September 13, 2019

Last sale price $2,400,000 $367 Per Sq Ft

152 Days on Market

Highlights

  • Laundry Room
  • Ethel Dwyer Middle Rated A-
  • 4-minute walk to Perry Park

About This Home

As of September 2019

The Garfield Avenue Apartments is a centrally-located 8-unit investment property in Huntington Beach. Built in 1965, the property offers all spacious one-bedroom units. The building has ample garage parking, a private courtyard, and access to an on-site laundry facility. The Garfield Apartments offer investors an opportunity to purchase a stabilized, low vacancy coastal investment property that still carries an additional 12% rental upside in a premium rental market.

The property is located in the tranquil neighborhoods of Huntington Beach, just east of Beach Boulevard. Walking distance to Starbucks as well as other shops and restaurants on Beach Blvd., it’s an easy place to keep tenants due to the quiet and privacy of the property. Don’t miss your chance to own a coastal investment property in a very desirable location.

**Property will be shown upon accepted offer only**

Last Agent to Sell the Property

Gary Tolfa

Triqor Group License #00955403 Listed on: 03/13/2019

Last Buyer's Agent

Christian Walsh

Berkshire Hathaway HomeServices California Properties License #01804983

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 0.31 Acre Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 8 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 6,547 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Location

  • Suburban Location

Listing and Financial Details

  • Tax Tract Number 99235
  • Assessor Parcel Number 15740231

Community Details

Overview

  • 2 Buildings
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Water Meters
  • Operating Expense $45,158
  • Gross Income $149,040
  • Net Operating Income $99,411

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Parking

8

Listing Details

  • CapRate: 3.80
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 15740231
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 366.58

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 13382.00
  • Lot Size Acres: 0.3072

Multi Family

  • Gross Income: 149040.00
  • Gross Multiplier: 17.38
  • Gross Operating Income: 144569.00
  • Gross Scheduled Income: 149040.00
  • Lot Size Area: 13382.0000 Square Feet
  • Net Operating Income: 99411.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Water Meters: 9
  • Number Of Units Total: 8
  • Operating Expense: 45158.00
  • Rent Control: No
  • Total Expenses: 45158.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 992.35
  • Tax Tract Number: 099235

Range of Values:

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List Price
Sold Price
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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
09/13/2019 09/13/19 Sold $2,400,000 -4.0% $367 / Sq Ft
08/12/2019 08/12/19 Pending -- -- --
06/05/2019 06/05/19 Price Changed $2,499,000 -3.9% $382 / Sq Ft
03/13/2019 03/13/19 For Sale $2,600,000 -- $397 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Gary Tolfa

    Seller's Agent in 2019

    Gary Tolfa

    Triqor Group

    (949) 756-3232

    17 Total Sales

    Gary Tolfa
    Section Image
  • Christian Walsh

    Buyer's Agent in 2019

    Christian Walsh

    Berkshire Hathaway HomeServices California Properties

    (949) 677-3466

    86 Total Sales

    Christian Walsh
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19056253

California Regional Multiple Listing Service (CRMLS)

APN: 157-402-31

California Orange County Huntington Beach 92646

8177 Garfield Ave, Huntington Beach, CA

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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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