UNBELIEVABLE INVESTMENT OPPORTUNITY to become the next owner of an amazing, newly-remodeled 5 unit complex located on a DOUBLE LOT in the heart of Downtown Huntington Beach! There are two buildings on-site, one with 3 units in the front and one with 2 units in the back. Each unit is a 1 bed/1 bath with 480 sq of living space and their own respective patio/yard areas in front. When I say remodeled, I mean it was a COMPLETE renovation. Some of the upgrades include: brand new roof, new sewer lines, new PEX plumbing, new gas lines, new electrical (panels, meters, wires, outlets, switches, lights), new cabinets, New appliances (microwave, range (gas), dishwasher, W/D hookups (gas), new flooring, new paint, new hardscape/landscape, irrigation, new stucco and stacked stone, new doors and windows, New shower tile/glass (each unit has different color), and more! Each unit has its own parking spot at the rear of the property. After the remodel, the owner signed all new tenants with one year leases that initiated in August of 2023 at fair market rent for that time. Not easy finding a double lot investment property let alone one that is remodeled top to bottom and located within 3 blocks of the ocean and Pacific City. As of the moment writing this, there is nothing like it on the market in the area so do not wait to act as opportunities like these are fleeting.
|
DAYS ON MARKET
|
49
|
LAST UPDATED
|
5/1/2024
|
|
TRACT
|
Downtown Area (DOWN)
|
YEAR BUILT
|
1956
|
|
COMMUNITY
|
West Huntington Beach
|
COUNTY
|
Orange
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
|
Prior to May 1, '24
|
$3,250,000
|
| May 1, '24 - Today |
$2,990,000 |
| AIR |
See Remarks |
| AIR CONDITIONING |
Yes |
| AREA |
West Huntington Beach |
| BUYER'S BROKERAGE COMPENSATION |
2.000 % |
| LOT |
6534 sq ft |
| LOT DESCRIPTION |
Street Level |
| POOL DESCRIPTION |
None |
| SEWER |
Sewer Tap Paid |
| STORIES |
1 |
| SUBDIVISION |
Downtown Area (DOWN) |
| WATER |
Public |
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Listed with The L3
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. as of 5/2/24 10:59 AM PDT 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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