UNBELIEVABLE INVESTMENT OPPORTUNITY to become the next owner of an amazing, newly-remodeled 5 unit complex located on a DOUBLE LOT in the heart of Downtown Huntington Beach! There are two buildings on-site, one with 3 units in the front and one with 2 units in the back. Each unit is a 1 bed/1 bath with 480 sq of living space and their own respective patio/yard areas in front. When I say remodeled, I mean it was a COMPLETE renovation. Some of the upgrades include: brand new roof, new sewer lines, new PEX plumbing, new gas lines, new electrical (panels, meters, wires, outlets, switches, lights), new cabinets, New appliances (microwave, range (gas), dishwasher, W/D hookups (gas), new flooring, new paint, new hardscape/landscape, irrigation, new stucco and stacked stone, new doors and windows, New shower tile/glass (each unit has different color), and more! Each unit has its own parking spot at the rear of the property. After the remodel, the owner signed all new tenants with one year leases that initiated in August of 2023 at fair market rent for that time. Not easy finding a double lot investment property let alone one that is remodeled top to bottom and located within 3 blocks of the ocean and Pacific City. As of the moment writing this, there is nothing like it on the market in the area so do not wait to act as opportunities like these are fleeting.
Sold for $2,575,000 on 11/26/24
Listing Provided by:
Matthew Kanoudi DRE #01419924 714-655-6868,
The L3
Bought with: Sadri Group
$2,575,000
206 Chicago Ave, Huntington Beach, CA 92648
5beds
5baths
2,400sqft
Multi Family
Built in 1956
-- sqft lot
$-- Zestimate®
$1,073/sqft
$2,204 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: December 04, 2024 at 09:26pm
Listing Provided by:
Matthew Kanoudi DRE #01419924 714-655-6868,
The L3
Bought with:
Sean Sadri, DRE #02047121
Sadri Group
Nina Bokaei, DRE #01365111
Sadri Group
Source: CRMLS,MLS#: OC24051859
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
Cooling
- See Remarks
Appliances
- Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 2,400
- Total interior livable area: 2,400 sqft
Property
Parking
- Total spaces: 5
- Uncovered spaces: 5
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Pool features: None
Lot
- Size: 6,534 sqft
- Features: Street Level
Details
- Parcel number: 02420320
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1956
Utilities & green energy
- Sewer: Sewer Tap Paid
- Water: Public
Community & neighborhood
Community
- Community features: Suburban
Location
- Region: Huntington Beach
- Subdivision: Downtown Area (Down)
Other
Other facts
- Listing terms: Cash,Cash to New Loan,Conventional