319 15th Street, Huntington Beach, CA 92648
- $3,000,000
- Sold Price
- $3,000,000
- List Price
- $3,200,000
- Closing Date
- Jun 03, 2024
- Status
- CLOSED
- MLS#
- PW23124047
- Year Built
- 1972
- Lot Size
- 5,663
- Acres
- 0.13
- Lot Location
- Rectangular Lot
- Days on Market
- 270
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
- Neighborhood
- Huntington West (Hwst)
Property Description
We are pleased to present this wonderful beachside apartment complex built in 1972, a rare investment opportunity in Huntington Beach. The property is conveniently located within walking distance to downtown Huntington Beach and also Pacific City, both highly desirable locations with lots of shopping, restaurants and entertainment. Each unit has an enclosed garage with remote garage doors. The building has been well maintained with large units. Investors have the opportunity to acquire a prime property with steady cash flow and potential for value add appreciation. With a 5.2% cap rate on market rents the property has huge upside potential. Don’t miss out on this exceptional chance to own a well-maintained and profitable investment property in a prime location.
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Additional Information
- Pool Description
- None
- Garage Spaces Total
- 6
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 6
- Gross Scheduled Income
- $156,120
- Operating Expense
- 52600
Listing courtesy of Listing Agent: Gary Tolfa (gary@triqorgroup.com) from Listing Office: Triqor Group.
Listing sold by James Wardlaw from Triqor Group
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.