$2,800,000
$2,950,000
5.1%For more information regarding the value of a property, please contact us for a free consultation.
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
Read Less Info
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Bought with Paul Espinosa • Morgan Skenderian