Property
Beds
4
Full Baths
3
1/2 Baths
2
Year Built
1976
Sq.Footage
3,711
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.
Features & Amenities
Interior
-
Total Bedrooms
4
-
Bathrooms
3
-
1/2 Bathrooms
2
-
Cooling YN
NO
-
Cooling
None
-
Fireplace YN
NO
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
4
-
Parking
Garage
-
Pool
Yes
-
Pool Features
None
-
View
Neighborhood
Area & Lot
-
Lot Features
Corner Lot
-
Lot Size(acres)
0.17
-
Property Type
Residential
-
Property Sub Type
Quadruplex
Price
-
Sales Price
$1,850,000
-
Sq. Footage
3, 711
-
Price/SqFt
$498
HOA
-
Association
NO
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
16
-
Water Source
Public
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Location
County
Orange
Elementary School
Middle School
High School
Listing Courtesy of Chelsea Roger , Coldwell Banker Realty
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