7872 Liberty Drive, Huntington Beach, CA 92647
- $2,398,000
- Sold Price
- $2,398,000
- List Price
- $2,398,000
- Closing Date
- Nov 29, 2023
- Status
- CLOSED
- MLS#
- NP23141560
- Year Built
- 1979
- Lot Size
- 8,712
- Acres
- 0.20
- Lot Location
- 2-5 Units/Acre, Back Yard, Sprinkler System
- Days on Market
- 24
- Property Type
- Multifamily
- Style
- Traditional
- Property Sub Type
- Quadruplex
- Stories
- Two Levels
Property Description
Looking for the ultimate investment income opportunity in one of the world’s most legendary seaside communities? Well, you found it in this Pride of Ownership cash-flowing Quadruplex situated in the highly sought-after Huntington Beach, CA – Surf City, USA, with an additional 1-bedroom 1-bath income unit with a market rent of $2100. This attractive Muti-Family Property is located in an ideal rental location close to various dining options, entertainment, shopping, renowned beaches, transportation and the 405 freeway. Currently operating close to market rent with a GOI of $144,176 with significant potential for increased income and priced at a high cap rate of 4.26% at only $479,600 a door! This complex features an est. 1500 sq. ft., 3 bedrooms, 2 bath front townhome, which features private inside laundry room, spacious living room fireplace, recessed lighting, open kitchen with bar seating and granite countertops, 2 upstairs balconies, 2 car garage, and large side patio that could be utilized for future owner occupancy. The additional units all have spacious floor plans and are nicely equipped with appliances and first floor 2-bedroom apartment has a spacious enclosed backyard. Recent building upgrades include updated exterior paint, newer central water heater, Ring cameras, and a newly landscaped courtyard. This property has a shared laundry room which generates additional income, 6 total garages, individual unit balconies or patios, owner's storage room, automatic sprinkler system, and a large driveway/carport for additional parking. Located just minutes from fine dining, nightlife, entertainment, Downtown Huntington beach, Bella Terra outdoor mall, and the best surfing and beaches, this property offers an amazing investment opportunity in one of SoCal’s most desirable areas. Looking for another great income property, please inquire about the owner’s other listing at 8162 La Paz Dr. Huntington Beach. Please call now to schedule a tour today to become the new proud owner of this impressive low-rise garden complex.
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Additional Information
- Appliances
- Dishwasher, Disposal, Gas Oven, Gas Range, Microwave, Water Heater, Dryer, Washer
- Pool Description
- None
- Fireplace Description
- Living Room
- Heat
- Forced Air, Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- None
- Roof
- Flat, Tile
- Garage Spaces Total
- 6
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Ceiling Fan(s), Granite Counters, Open Floorplan
- Attached Structure
- Detached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $144,300
- Operating Expense
- 42566
Listing courtesy of Listing Agent: Damon Mazzano (dmazzano@yahoo.com) from Listing Office: Ron Mazzano, Broker.
Listing sold by Jorge Felix from CB Richard Ellis, Inc.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.