7561 Center Avenue Unit 6, Huntington Beach, CA 92647
- $839,000
- Sold Price
- $839,000
- List Price
- $849,000
- Closing Date
- Jan 18, 2024
- Status
- CLOSED
- MLS#
- PW23180836
- Year Built
- 1977
- Lot Size
- 1,307
- Acres
- 0.03
- Lot Location
- Near Public Transit
- Days on Market
- 86
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Stories
- Two Levels
- Neighborhood
- Old World (Owor)
Property Description
Rare investment opportunity - own a Mixed Use Residential/Commercial Space in Old World Village - famously known for Oktoberfest. This one-of-a-kind destination is known for its speciality stores, cobblestone streets, and year round events that attract many visitors and is conveniently situated within a bustling business area of Huntington Beach. Surrounding landmarks include Bella Terra, Costco, Goldenwest College, popular restaurants and the 405 and 22 freeways. A downstairs unit comprises approximately half of the total square footage and is home to a commercial space with a highly successful long term tenant in place who also rents the unit upstairs. The current rental amounts have been stable and remained below market. Current market rents are approx. $2800/month for the upstairs unit and $2300-$2500/month for the business space. The upstairs apartment has 2 bedrooms, 2 updated bathrooms and a remodeled kitchen with balcony. Refrigerator, washer and dryer are included. Don't miss the large private rear patio and detached one-car garage that come with the property as well. A notable advantage is that the commercial space has been fully modified and has been permitted for food and beverage service. Low HOA dues and no land lease! This unique offering is an ideal income property and investment for anyone seeking stable income, appreciation and versatility. Since these units don't become available often, it is sure to move fast. Schedule a tour today. Unique property - Seller financing may be considered.
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Additional Information
- HOA
- 294
- Frequency
- Monthly
- Association Amenities
- Maintenance Grounds, Security
- Appliances
- Dishwasher, Gas Range, Microwave, Refrigerator, Dryer, Washer
- Pool Description
- None
- Fireplace Description
- Living Room
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- Neighborhood
- Garage Spaces Total
- 1
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- All Bedrooms Up, Primary Suite
- Attached Structure
- Attached
- Number Of Units Total
- 2
- Gross Scheduled Income
- $51,000
- Operating Expense
- 3216
Listing courtesy of Listing Agent: Holly McDonald (realtorhollymcdonald@gmail.com) from Listing Office: Compass Newport Beach.
Listing sold by Hang-Ny Nguyen from HPT Realty
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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.