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Listed by Chelsea Roger • Coldwell Banker Realty
$1,850,000
Est. payment /mo
4 Beds
5 Baths
3,711 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,711 sqft
Price per Sqft $498
MLS Listing ID CROC25214417
Bedrooms 4
Full Baths 3
HOA Y/N No
Year Built 1976
Lot Size 7,405 Sqft
Property Sub-Type Detached
Source Datashare California Regional
Property Description
Excellent investment opportunity in an Opportunity Zone in Huntington Beach! This fourplex offers a strong income stream with a gross scheduled income of $106,296 and operating expenses of just $11,734. The property consists of one 3-bedroom/2-bath unit, two 2-bedroom/1-bath units, and one oversized 1-bedroom/1-bath unit that could potentially be converted into a 2-bedroom. Current rents total $2,635, $2,110, $2,110, and $1,903 respectively, with pro forma rents projected at $3,500, $2,500, $2,500, and $2,200, offering solid upside potential. Each unit is separately metered for gas and electricity (five total for each utility) and all share one water meter. Tenants benefit from private garages for each unit, two additional parking spaces, ample street parking, and onsite laundry with a washer and dryer. The property has been re-piped with PEX and is conveniently located near freeways, schools, parks, and just minutes from the beach. Investors will also appreciate the added advantages that come with ownership in an Opportunity Zone—please inquire for more details.
Location
State CA
County Orange
Interior
Cooling None
Fireplaces Type None
Fireplace No
Laundry Laundry Room, Other
Exterior
Garage Spaces 4.0
Pool None
View Other
Private Pool false
Building
Lot Description Corner Lot, Street Light(s)
Story 2
Water Public
Schools
School District Huntington Beach Union High
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Altie Schmitt
Partner at Village Associates | License ID: 00924672
Partner at Village Associates License ID: 00924672
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