$2,216,900
$2,390,000
7.2%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
3 Baths
2,545 SqFt
SOLD DATE : 08/12/2022
Key Details
Sold Price $2,216,900
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,545 sqft
Price per Sqft $871
Subdivision Downtown Area (Down)
MLS Listing ID NP22128929
Sold Date 08/12/22
Bedrooms 5
Full Baths 3
HOA Y/N No
Year Built 1953
Lot Size 5,863 Sqft
Property Description
Opportunity abounds in this charming, viable, three-unit (triplex), double lot, investor’s dream property in downtown Huntington Beach. Each front unit is two bedrooms and one bathroom; the third unit above the garage is one bedroom and one bathroom. There is a two car garage, parking pad for two additional cars, and shared laundry within the garage. Located mere steps from the ocean and from all of Main Street’s offerings, this property is ideal for years of passive income. Eventual remodeling or complete reconstruction opportunities are endless - anything from simple TLC (some TLC is warranted in the near future), to grand upgrades, to outright razing and conversion into two or more residences via lot splitting, ADUs and/or new SB9 (check with city on full construction potential), creating countless opportunities to rebuild and maximize this prime parcel. Don’t want to spend money on new construction, prefer passive income from day one - not a problem - these beach homes are light and bright with two great month-to-month tenants in-place in the front units and the third unit above the garage will soon be vacant. Reminiscent of classic beach bungalows, with ample front yards and an enormous courtyard space, these properties are a tenants’ dream (and therefore an investors’ opportunity). The street is among the best in all of Huntington Beach, with a true neighborhood feel, complete with friendly neighbors and the occasional lemonade stands. No oil well on this prime parcel! Do not, do not, disturb the wonderful tenants!
Location
State CA
County Orange
Area 15 - West Huntington Beach
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Laundry In Garage
Exterior
Parking Features Garage, Off Site, Off Street, Other, Paved, On Street
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Biking, Curbs, Gutter(s), Suburban, Sidewalks
Utilities Available Electricity Connected, Sewer Connected, Water Connected
View Y/N Yes
View Peek-A-Boo
Accessibility None
Attached Garage No
Total Parking Spaces 2
Private Pool No
Building
Lot Description Front Yard, Lawn, Value In Land
Story Multi/Split
Entry Level Multi/Split
Sewer Public Sewer
Water Public
Level or Stories Multi/Split
New Construction No
Schools
School District Huntington Beach Union High
Others
Senior Community No
Tax ID 02410610
Acceptable Financing Submit
Listing Terms Submit
Financing Other
Special Listing Condition Standard
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Bought with NONE NONE • None MRML
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