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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

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    $2,204/mo

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    $15,881/mo

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    $15,881/mo

    Est. payment

    What's special

    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.

    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#: OC24051859MLS LogoOriginating 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