7681 Ellis Avenue
Huntington Beach, CA, 92648 $ 2,950,000
Baths0.0 Sq 5,155 Monthly Estimate*
$ 20,607
Studio
for $2,950,000. This 5,155 square foot home was built in 1964 on a lot size of 0.14.
We are pleased to present this turnkey 5 unit apartment community located in the heart of Huntington Beach, at an in-place 4.83% cap rate (proforma 5.12%) and 15 GRM. This asset comprises an attractive unit mix of two 3-Bed/2-Bath units (~1,100 SF each) & three 2-Bed/1.5-Bath townhomes (~990 SF each). The property - interior and exterior - has been upgraded and professionally designed over the course of the last ~12 months, including windows, kitchens, bathrooms, lighting, appliances (including laundry in each unit), flooring, exterior paint, lighting & landscaping, roof (2019), partial plumbing and electric. In addition, the property now boasts a spectacular ~1,100 SF 3-Bed/2-Bath ADU. Qualified, market-rate, long-term tenants in place, these units leased FAST due to exquisite exterior and interior design, amenities like brand new kitchens & baths, private outdoor spaces, in-unit laundry, AC (ADU), and townhome-style layouts (3 units). Separate gas and electrical meters for each unit. NO LOCAL RENT CONTROL - subject only to AB 1482. Four on-site parking spaces too. Located in prime Orange County in one of the strongest rental markets. Short distance to beaches, HB Pier, neighborhood shopping center, grocery stores, trails and more.
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FeaturesGeneralInterior Features Ceiling Fan(s)
Heating Combination
Zoning R3
Year Built 1964
Tenant Pays Electricity Cable TV Gas
Levels Two
County Orange
Net Operating Income 140536.0
New Construction No
Property Type C
HOA / Comm Assn No
Status Active
City Huntington Beach
Buyer Agent Compensation 2.00
Senior Community Y/N No
MLS Area 15 - West Huntington Beach
Lot Size Square Feet 6098.0
Street Name Ellis
Land Lease Y/N No
Standard Status Active
Buyer Agent Compensation Type %
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InteriorKitchen Appliances Dishwasher Gas Oven Gas Cooktop Microwave Oven Refrigerator
Total Stories 2
Heating Y/N Yes
Street Suffix Avenue
Laundry Features Inside Washer Included Dryer Included
Total Baths 0
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ExteriorParking Features Assigned
Lot Size Area 6098.0
Building Area Total 5155.0
Lot Dimensions 62x100
Lot Size Acres 0.14
Lot Size Units Square Feet
Land Lease Type Fee
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* Excluded FeaturesList ByNoam SrolovitzListing Agent
Kape Property Management, Inc.Broker
Affordability Calculator
- Monthly Principal & Interest
- $20,607
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Huntington Beach, CA
Average List Price $2,728,530
Percent of Sale Price 8%
About Huntington Beach, CA 200,643 Population
5% Since 2002
$ 88,114 Median Income
42.31 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
2/29/2024 | $2,950,000 | | Listed Price |