Huntington Beach, CA 92647,7861 Ronald Drive
Huntington Beach, CA 92647,7861 Ronald Drive
Huntington Beach, CA 92647,7861 Ronald Drive
Huntington Beach, CA 92647,7861 Ronald Drive
Huntington Beach, CA 92647,7861 Ronald Drive
Huntington Beach, CA 92647,7861 Ronald Drive
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$2,800,000

$2,950,000

5.1%
Est.Price: ?

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Est. payment /mo

8 Beds

4 Baths

0.42 Acres Lot


SOLD DATE : 05/19/2022

Key Details

Sold Price $2,800,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW21264322

Sold Date 05/19/22

Bedrooms 8

HOA Y/N No

Lot Size 0.423 Acres

Property Description

Two side by side triplex apartment complexes each with their own parcel of land. Located in the City of Huntington Beach, this property offers renters the ultimate Southern California living at their fingertips. Huntington Beach is known for legendary surf and beaches and features a thriving downtown with shops, dining and entertainment unique to Southern California culture. This investment opportunity is comprised entirely of single-story, two bedroom/one bathroom units averaging just under 900 sq.ft each. All units are provided a private patio, W/D hookups for in home laundry machines, and an enclosed garage with room for another parking spot in front of the garage. The combination of the single-story unit style along with its premier Huntington Beach location creates never-ending demand for the Ronald Drive units. A new investor will find a consistent occupancy which will allow for steady improvements in rent levels with little turnover and continuing growth in cash flow.
Two side by side triplex apartment complexes each with their own parcel of land. Located in the City of Huntington Beach, this property offers renters the ultimate Southern California living at their fingertips. Huntington Beach is known for legendary surf and beaches and features a thriving downtown with shops, dining and entertainment unique to Southern California culture. This investment opportunity is comprised entirely of single-story, two bedroom/one bathroom units averaging just under 900 sq.ft each. All units are provided a private patio, W/D hookups for in home laundry machines, and an enclosed garage with room for another parking spot in front of the garage. The combination of the single-story unit style along with its premier Huntington Beach location creates never-ending demand for the Ronald Drive units. A new investor will find a consistent occupancy which will allow for steady improvements in rent levels with little turnover and continuing growth in cash flow.

Location

State CA

County Orange

Area Oc - Huntington Beach (92647)

Zoning Assessor

Building

Lot Description Sidewalks

Level or Stories 1 Story

Others

Space Rent $2,350

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San Diego Regional MLS (SDMLS)
Listed by Rick Applebaum • Morgan Skenderian
Bought with Paul Espinosa • Morgan Skenderian
agent-avatar

+1(858) 414-1153

robyn@robynflint.com

Scripps Ranch, 92131, United States

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