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Key Details
Sold Price $3,850,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision Downtown Area (Down)
MLS Listing ID OC24051075
Sold Date 07/16/24
HOA Y/N No
Year Built 1970
Lot Size 7,840 Sqft
Property Description
212 15th Street in Downtown Huntington Beach is a rare offering being just 1.5 blocks from the beach. It is located in the 200 block (two 25 foot lots + 15 foot portion of adjacent lot). This is an owner-user area with the majority of nearby dwellings being condominiums from $1,000,000 to $1,500,000 and SFRs in the $1,750,000,000 to $6,000,000 range. High income tenants are naturally drawn to the area 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 (small residential income) investment opportunity for upside rental potential in coastal Orange County. The mix of units includes (five) 2 BR – 1BA units, (three) 1BR – 1BA units. 8 Garage Spaces + 4 Open Spaces. Built in 1970, and individually metered for gas & electric. The building is only 6 blocks from award winning Elementary & Middle Schools – 10 blocks from Huntington Beach High School (which offers the Academy of Performing Arts and Nationally Ranked athletics programs). Fantastic upside potential - Current rents can be increased significantly to estimated market levels. Contact Listing Agent for rental projections. Given its proximity to beach and Main Street Village, this offering represents an attractive opportunity to rehab and substantially increase rental income for the long term income property investor.
Location
State CA
County Orange
Area 15 - West Huntington Beach
Interior
Heating Natural Gas
Fireplace No
Laundry Common Area
Exterior
Garage Driveway, Garage
Garage Spaces 8.0
Garage Description 8.0
Pool None
Community Features Biking, Curbs, Fishing, Gutter(s), Street Lights, Sidewalks, Water Sports
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Flat
Parking Type Driveway, Garage
Total Parking Spaces 12
Private Pool No
Building
Lot Description Rectangular Lot
Story 2
Entry Level Two
Sewer Sewer Tap Paid
Water Public
Architectural Style Traditional
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 02403115
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard, Trust
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Bought with Nick Valayati • Valiant Multi-Family Group
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Adrian Castillo
Principal/Realtor | CA DRE#01308935
Principal/Realtor CA DRE#01308935