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601 7th St

Huntington Beach, CA 92648
  • $3,150,000
  • STATUS: Active
  • ON SITE: 13 Days
  • ID#: PW22100389
UPDATED: 50 min ago
$3,150,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1915
County:

School Ratings & Info

Listing Agent(s): Justin White of Justin White (714-231-2537)


Description

An excellent opportunity to acquire a 4-unit multifamily property in downtown Huntington Beach. Located at 601 7th Street, this property boasts a free-standing house and a triplex. The total building square footage is 3,017 SF. The total unit mix of the property is (3) 2 bedroom 1 bath and (1) 1 bedroom 1 bath. Tenants will enjoy the property because of a combination of reasons. The property is walking distance to retail and entertainment both in Pacific City and Downtown Huntington Beach. The beach is less than a five-minute walk away, and the property is in the heart of Orange County's famed Huntington Beach School District. Residents can enjoy the brand-name beach lifestyle with Surf Citys friendly small-town feel. The front house and 1 unit of the triplex will be delivered vacant upon close of escrow. With a few updates to fixtures and aesthetics, a significant increase in rental income will be achievable.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T20:33:03.473. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
www.northsdrealty.com/homes/128654396
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601 7th St Huntington Beach, CA 92648

  • Price: $3,150,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 50 min ago
  • ID#: PW22100389
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1915
Built
Neighborhood:
Other (Othr)
County:
Orange
Area:
14 - South Huntington Beach
Property Description
An excellent opportunity to acquire a 4-unit multifamily property in downtown Huntington Beach. Located at 601 7th Street, this property boasts a free-standing house and a triplex. The total building square footage is 3,017 SF. The total unit mix of the property is (3) 2 bedroom 1 bath and (1) 1 bedroom 1 bath. Tenants will enjoy the property because of a combination of reasons. The property is walking distance to retail and entertainment both in Pacific City and Downtown Huntington Beach. The beach is less than a five-minute walk away, and the property is in the heart of Orange County's famed Huntington Beach School District. Residents can enjoy the brand-name beach lifestyle with Surf Citys friendly small-town feel. The front house and 1 unit of the triplex will be delivered vacant upon close of escrow. With a few updates to fixtures and aesthetics, a significant increase in rental income will be achievable.
Exterior Features

Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 4 Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type AlleyCity Street Spa Features Above Ground Spa YN Yes View NeighborhoodOcean View YN Yes

Interior Features

Common Walls 2+ Common Walls Cooling Electric Cooling YN Yes Fireplace Features Family Room Fireplace YN Yes

Property Features

Additional Parcels YN No Common Interest None Community Features CurbsGutter(S)Storm Drain(S)Street LightsSidewalks Garage YN Yes Gross Income 125400 Gross Scheduled Income 125400 Insurance Expense 1264 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Entry Only Listing Terms 1031 Exchange Net Operating Income 71886 New Construction YN No New Taxes Expense 34458 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 4 Operating Expense 49752 Other Expense 12830 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 1200 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T20:33:03.473. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
 
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The Houston Team | Compass CA DRE#01991628
2100 Costa Del Mar
Carlsbad CA, 92009
Listing Agent(s): Justin White of Justin White (714-231-2537)