$3,000,000
$3,200,000
6.3%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
5 Baths
5,663 Sqft Lot
SOLD DATE : 06/03/2024
Key Details
Sold Price $3,000,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW23124047
Sold Date 06/03/24
Bedrooms 7
HOA Y/N No
Lot Size 5,663 Sqft
Property Description
We are pleased to present this wonderful beachside apartment complex built in 1972, a rare investment opportunity in Huntington Beach. The property is conveniently located within walking distance to downtown Huntington Beach and also Pacific City, both highly desirable locations with lots of shopping, restaurants and entertainment. Each unit has an enclosed garage with remote garage doors. The building has been well maintained with large units. Investors have the opportunity to acquire a prime property with steady cash flow and potential for value add appreciation. With a 5.2% cap rate on market rents the property has huge upside potential. Dont miss out on this exceptional chance to own a well-maintained and profitable investment property in a prime location.
We are pleased to present this wonderful beachside apartment complex built in 1972, a rare investment opportunity in Huntington Beach. The property is conveniently located within walking distance to downtown Huntington Beach and also Pacific City, both highly desirable locations with lots of shopping, restaurants and entertainment. Each unit has an enclosed garage with remote garage doors. The building has been well maintained with large units. Investors have the opportunity to acquire a prime property with steady cash flow and potential for value add appreciation. With a 5.2% cap rate on market rents the property has huge upside potential. Dont miss out on this exceptional chance to own a well-maintained and profitable investment property in a prime location.
Location
State CA
County Orange
Area Oc - Huntington Beach (92648)
Zoning Public Rec
Building
Lot Description Sidewalks
Story 2
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Monthly Total Fees $125
Acceptable Financing Conventional
Space Rent $2,070
Listing Terms Conventional
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Bought with James Wardlaw • Triqor Group