212 15th ST Huntington Beach, CA 92648
Sale
$4,000,000
8 Units
13 Beds
8 Baths
6,538 Area(sq.ft.)
7,841 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 2,300 | $ 2,300 | $ 2,400 |
| Unit 2 | 1 | 1 | 1 | $ 2,052 | $ 2,052 | $ 2,400 | |
| Unit 3 | 1 | 1 | 1 | No | $ 2,200 | $ 2,200 | $ 2,400 |
| Unit 4 | 1 | 2 | 1 | No | $ 2,376 | $ 2,376 | $ 3,000 |
| Unit 5 | 1 | 2 | 1 | No | $ 2,376 | $ 2,376 | $ 3,000 |
| Unit 6 | 1 | 2 | 1 | No | $ 2,400 | $ 2,400 | $ 3,000 |
| Unit 7 | 1 | 2 | 1 | No | $ 2,400 | $ 2,400 | $ 3,000 |
| Unit 8 | 1 | 2 | 1 | No | $ 2,160 | $ 2,169 | $ 3,000 |
| 8 | 8 | 13 | 8 | $ 18,264 | $ 18,273 | $ 22,200 |
| MLS #: | OC24051075MR |
| Days On Market: | 36 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 612 |
| Price per unit: | $ 500,000 |
| Year Built: | 1970 |
Property Details
212 15th Street in Downtown Huntington Beach is a rare offering being just 1.5 blocks from the beach. It is located in the 200 block (two 25 foot lots + 15 foot portion of adjacent lot). This is an owner-user area with the majority of nearby dwellings being condominiums from $1,000,000 to $1,500,000 and SFRs in the $1,750,000,000 to $6,000,000 range. High income tenants are naturally drawn to the area by nearby attractions including: The soft sands & ridable waves of Surf City, blufftop park/bike path, Beach Playground, Pier, Main Street Village, restaurants, shopping, entertainment, and numerous events (4th of July parade & fireworks, US Open of Surfing, Pacific Airshow, & more). This is the first time the property has been offered for sale in 40 years and is arguably the best (small residential income) investment opportunity for upside rental potential in coastal Orange County. The mix of units includes (five) 2 BR 1BA units, (three) 1BR 1BA units. 8 Garage Spaces + 4 Open Spaces. Built in 1970, and individually metered for gas & electric. The building is only 6 blocks from award winning Elementary & Middle Schools 10 blocks from Huntington Beach High School (which offers the Academy of Performing Arts and Nationally Ranked athletics programs). Fantastic upside potential - Current rents can be increased significantly to estimated market levels. Contact Listing Agent for rental projections. Given its proximity to beach and Main Street Village, this offering represents an attractive opportunity to rehab and substantially increase rental income for the long term income property investor.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | False |
| Gross Operating Income: | $ 220,012 |
| Total Annual Expense: | $ 77,882 |
| Net Operating Income: | $ 135,555 |
| Gross Rent Multiplier: | 18.25 |
| Actual Gross Rent: | $ 219,168 |
Structure
| Community Features: | Biking, Curbs, Fishing, Gutters, Watersports, Sidewalks, Street Lights |
| Style: | Traditional |
| Sewer: | In Street Paid |
| View Description: | None |
| Water: | Public |
Land & Parking
| Land Lease Type: | Fee |
| Parking Garage: | Driveway, Garage |
| Total Parking: | 12 |
Interior
| Heating: | Natural Gas |
| Laundry: | Community |
Exterior
| Exterior Construction: | Stucco |
| Pool: | No |
| Roof: | Flat |
| Spa: | No |
Detailed Map
Schools
Find a great school for your child
Income
