$2,845,000 Price Analysis    ♡   Huntington Beach, CA 92648 12 bed 9 bath 5,155 SqFt ($551/SqFt) 6,098SqFt lot. Built 1964 Listed 2024-02-29, Taxes $11,399 | Ⓧ USDA Ineligible due to price & location near Huntington Beach |
We 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) and 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 and 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 and 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 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 mre.
Presented by Noam Srolovitz at
Kape Property Management, Inc.
Property MLS #24-350231 from TheMLSCLAW
Full Bathrooms: 9
Free Standing Gas
Oven-Gas
Oven
Laundry Facilities: In Unit, Inside
Laundry Features: In Unit, Inside
Heating Features: Wall Gas, Combination
Lot Size Dimensions: 62x100
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6098
Parking Total: 4
Tenant Pays: Cable TV, Electric, Gas
Calculated Total Monthly Association Fees: 0
Number of Units: 5
Unit Features: 1 BedsTotal: 3, 1 BathsTotal: 2, 1 SquareFeet: 3700, 2 BedsTotal: 3, 2 BathsTotal: 1, 2 SquareFeet: 3700, 3 BedsTotal: 2, 3 BathsTotal: 1.5, 3 SquareFeet: 3245, 4 BedsTotal: 2, 4 BathsTotal: 1.5, 4 SquareFeet: 3245, 5 BedsTotal: 2, 5 BathsTotal: 1.5, 5 SquareFeet: 3150
County: Orange
Cap Rate: 5.04
Directions: West of Beach Blvd
Source Property Type: Residential Income
Area: West Huntington Beach
Source Neighborhood: West Huntington Beach
Owner Pays: Water, Gardener
Parcel Number: 159-055-07
Postal Code Plus 4: 1645
Zoning: R3
Management Company: Kape Property Management Inc.
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $141,935 + $803,767 $945,702 | $11,399 |
| 2021 | $139,152 + $788,007 $927,159 | $11,194 |
| 2020 | $137,726 + $779,927 $917,653 | $11,069 |
| 2019 | $135,026 + $764,634 $899,660 | $10,885 |
| 2018 | $132,379 + $749,641 $882,020 | $10,645 |
| 2017 | $129,784 + $734,942 $864,726 | $10,478 |
| 2016 | $127,240 + $720,531 $847,771 | $10,060 |
| 2015 | $125,329 + $709,708 $835,037 | $9,907 |
| 2014 | $122,874 + $695,806 $818,680 | $9,713 |
| 2013 | $122,319 + $692,661 $814,980 | $9,622 |
| 2012 | $119,921 + $679,079 $799,000 | $9,389 |
| 2011 | $491,753 + $339,142 $830,895 | $9,636 |
| 2010 | $488,078 + $336,608 $824,686 | $9,504 |
| 2009 | $489,238 + $337,408 $826,646 | $9,453 |
| 2008 | $479,646 + $330,792 $810,438 | $9,134 |
| 2007 | $470,242 + $324,306 $794,548 | $8,934 |
$2,845,000
TheMLSCLAW
Listed 2024-02-29
$2,950,000
TheMLSCLAW
Sold 2022-09-13
$1,850,000
Public Record
Sold 2011-12-28
$800,000
Public Record
Sold 2003-02-13
$735,000
Public Record
Sold 1994-12-09
$335,000
Public Record
Year Built: 1964
Levels: Two Level
Living Area Source: Plans
Property Age: 60
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.