57
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$1,850,000
Est. payment /mo
6 Beds
5 Baths
6,534 Sqft Lot
Pending
2006 California Huntington Beach, CA 92648
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Pending
Purchase Type For Sale
Subdivision Downtown Area (Down)
MLS Listing ID OC26052816
Bedrooms 6
Lot Size 6,534 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Located in the highly desirable downtown area of Huntington Beach, this well-maintained triplex investment opportunity offers strong income potential, an excellent unit mix, and long-term upside. The property features three spacious units with separate utilities and attractive outdoor spaces. The front unit is a 3-bedroom, 2-bath with inside laundry, a detached two-car garage, and a large private backyard, creating the feel of a single-family home. The middle unit offers 2 bedrooms and 2 baths, inside laundry, a two-car attached garage without direct access, and a spacious backyard. This unit was extensively remodeled approximately three years ago with new flooring, cabinetry, countertops, updated bathrooms and shower, and fresh paint. The upper carriage unit, located above the garages, is a spacious 1-bedroom, 1-bath featuring two private balconies that capture refreshing ocean breezes. New carpeting was installed about four years ago. The property has been meticulously maintained by a longtime owner and features mature landscaping with a drip irrigation system. Utilities include three separate gas meters and three separate electric meters. The landlord currently pays water and trash. All units include full kitchens and tenants own their refrigerators. All units are currently occupied by long-term tenants who would like to remain while understanding rents will adjust toward market levels. Current gross scheduled income is approximately $85,800 annually (4.3% cap rate), with projected market rents estimated to bring gross scheduled income to approximately $113,000, offering
Location
State CA
County Orange
Zoning Assessor
Direction North of Adams, West of Delaware between Utica and toronto
Interior
Heating Forced Air Unit
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 02508113
Acceptable Financing Exchange
Listing Terms Exchange
Listed by Dani Walker, DRE#01309428 First Team Real Estate
NEARBY SCHOOL & BUSINESS