125 16th Street, Huntington Beach, CA 92648
- $8,650,000
- Sold Price
- $8,650,000
- List Price
- $8,990,000
- Closing Date
- May 29, 2024
- Status
- CLOSED
- MLS#
- OC24046070
- Year Built
- 1971
- Lot Size
- 17,424
- Acres
- 0.40
- Lot Location
- Corner Lot, Rectangular Lot, Sprinkler System
- Days on Market
- 15
- Property Type
- Multifamily
- Style
- Traditional
- Property Sub Type
- Mixed Use
- Stories
- Two Levels
- Neighborhood
- Downtown Area (Down)
Property Description
Beachwood Apartments is a rare offering being the largest building presently available in Huntington Beach and the closest to the sand. It is located in the 100 block of Downtown Huntington Beach (built on 6 legal lots) and is less than 200 feet from Pacific Coast Highway. This is an owner-user area with the majority of nearby dwellings being condominiums from $1,000,000 to $1,750,000 and SFRs in the $2,000,000 to $6,000,000 range. High income tenants are naturally drawn to this building by nearby attractions including: The soft sands & ridable waves of Surf City, blufftop park/bike path, Beach Playground, Pier, Main Street Village, restaurants, shopping, entertainment, and numerous events (4th of July parade & fireworks, US Open of Surfing, Pacific Airshow, & more). This is the first time the property has been offered for sale in 40 years and is arguably the best investment opportunity for upside rental potential in coastal Orange County. The mix of units includes (two) 3 BR – 2BA units, (three) 2BR – 2BA units, (eleven) 2BR – 1BA units, and (two) 1BR – 1BA units… several units have partial ocean views. 24 Garage Spaces. Built in 1971, and individually metered for gas & electric. The building is only 8 blocks from award winning Elementary & Middle Schools – 12 blocks from Huntington Beach High School (which offers the Academy of Performing Arts and Nationally Ranked athletics programs).
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Additional Information
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- View
- Ocean
- Exterior Construction
- Brick Veneer, Shingle Siding, Stucco
- Roof
- Flat
- Garage Spaces Total
- 24
- Sewer
- Public Sewer, Sewer Tap Paid
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 18
- Gross Scheduled Income
- $514,067
- Operating Expense
- 195488
Listing courtesy of Listing Agent: Scot Campbell (SCOT@CAMPBELLREALTORS.COM) from Listing Office: Coldwell Banker-Campbell Rltrs.
Listing sold by General NONMEMBER from NONMEMBER MRML
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