Built in 1976, this garden style two story walkup is well-located in the highly desirable coastal location of Huntington Harbor. The asset has great curb appeal with nice landscaping, including well-maintained trees and other greenery. The property has an excellent unit mix of 1 - 2 bed / 1 bath, 5 - 1 bed / 1 bath units and 1 - Studio unit built and final permitted in 2024. All units have all been renovated with new hardwood floors, new kitchen cabinets, new bathroom tile flooring, and new interior paint.
Additional building upgrades include a new roof installed in February 2020, and new windows and exterior paint. The property has private patios and balconies, great parking including six secure single car garages and six assigned on-site spaces for a total of 12 spaces. The tenants enjoy a clean, on-site community laundry room, and each unit is separately metered for gas and electric.
A key driver in the desirability of this asset is its prime Huntington Beach coastal location, just a mile away from the beach. Within 0.25 miles of the asset includes a Trader Joe’s, Bank of America, Chase Bank, and the Huntington Harbor Medical Center. The property is also conveniently located a mile from Huntington Harbor, Bolsa Chica State Beach, Sunset Beach, and Pacific Coast Highway.
The income description goes here to explain
List Price | $3,295,000 |
Property Type | Condo/Co-Op |
Usable Sqft | Unknown |
Number of Stories | 2 stories |
Parking Spots | 6 spots |
Year Built | 1976 |
Last Sold | Unknown |
Sold Price | Unknown |
APN # | 17826108 |
MLS # | OC24218296 |
Property ID | 320983590 |
Lot Sqft | 8,276 |
Zoning | Unknown |
Total Units | 7 |
Days on Market | 81 |
Original List Price | $3,295,000 |
Applicances | Disposal,Gas Oven,Gas Range,Refrigerator,Water Heater% |
Date Updated | November 14, 2024 |
Date Created | October 23, 2024 |
Unit # | Beds | Baths | Current Rent | Proforma Rent |
Unit #1 | $15,659 | $0 |
Net Income (Yr) | $ 130,491 |
Cap Rate | 4% |
Mark Bridge an agent of . Lic #01316702
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California ## 01956587
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT