HUGE PRICE IMPROVEMENT! Don't miss this incredible opportunity to own a large 5-unit property on a sprawling 10,472 square foot lot in desirable Huntington Beach. This property is brimming with potential and just needs a little TLC to shine. Each unit offers 2 bedrooms and 2 bathrooms, plus a 1-car… Read More garage, providing an ideal unit mix for easy rentals. The property is thoughtfully laid out with a 4-plex setup, featuring two downstairs units and two upstairs units, while the 5th unit is situated above the garages on the far side of the property. These spacious 2 bedroom, 2 bathroom units are highly sought-after, making them a breeze to rent out. Currently, all rents are well below market value, presenting a fantastic opportunity for increased rental income. Additionally, there is a shared laundry room adjacent to the row of garages, equipped with coin-operated machines that generate extra income for the owner. Each unit includes one garage parking space, as well as one assigned parking space in the parking lot, ensuring ample parking for tenants. Located in a prime area, this property offers easy access to top-rated schools, shopping centers, freeways, airports, and stunning beaches. This is the investment deal you've been waiting for – an exceptional property in a fantastic location with tremendous potential for rental income growth. Act fast, as this gem won't last long! Read Less
Property listed by Berkshire Hathaway HomeService, Lily Nguyen 949-524-9290
Listing Snapshot
Days Online
100
Last Updated
Property Type
Mixed Use
Lot Size
0.24 Acres
Year Built
1964
MLS Number
OC24158824
30 Days Snapshot Of 92647
$
+9%
(avg) sold price
18
+5%
homes sold
55
-12%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1964, Building area total: 4,734, Levels: Two, 2 stories, 2 buildings, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
Sidewalks
Expenses
Electric expense: $374, Fuel expense: $3,757, Insurance expense: $2,420, New taxes expense: $18,487, Operating expense: $34,257, Water sewer expense: $3,439, Other expense: $133
Garage
5 spaces
Home Owner's Association
Association fee: $470
Income
Gross income: $122,424, Net operating income: $88,167
Based on information from California Regional Multiple Listing Service, Inc. as of 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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