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Browse More Listings in Multifamily For Sale, Huntington Beach, CA or California

Multifamily Property For Sale

Huntington Beach Village

704 Clay Avenue, Huntington Beach, CA 92648

Price:
$2,650,000
No. Units:
6
Building Size:
6,496 SF
Price/Unit:
$441,666.67
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Additional Sub-types:
Duplex/ Triplex/ Fourplex
Property Use Type:
Investment
Cap Rate:
3.50%
Occupancy:
100%
No. Stories:
2
Year Built:
1964
Lot Size:
16,875 SF
Parking Ratio:
1.66 / 1,000 SF
Find Out More...

Last Verified 11/1/2009 Listing ID 14952719

Highlights

High rental demand
Renovated interiors
New paint, Townhouse model units

Large Land Lot
Beach is nearby
2 buildings

Description

6 unit Town-house style apartments. Large private backyards with each unit. Private enclosed garages with four additional parking spaces. 2 buildings are twin structures facing one another. Large land area close to the beach. This neighborhood is always in high demand for it's rental units. 100% occupancy is always consistent. The tenents are stable and easy to manage.

Right off of Famous Beach Blvd. in the heart of Surf City, Huntington Beach. Walk to local shops and large retailers. The nighborhood is quiet and comfortable which lends to the high rental demand of the area.

Financial Summary

Unit Mix Information

Actual
Year
2006
Scheduled Gross Income
$101,100
Effective Gross Income
$101,100
Maintenance
$8,400
Total Expenses
$8,400
Net Operating Income
$92,750

Description	No. Units
Front one Level, 2 bed, 1 bath, dining,	2
Two story, 2 bed, 1.5 Bath, living room	4

Map of 704 Clay Avenue, Huntington Beach, CA 92648 (Orange County)

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Created 1/12/2007

Additional Information for 704 Clay Avenue, Huntington Beach, CA 92648

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 1 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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Garden/Low-Rise
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Duplex/Triplex
/Fourplex
Sold 4Q 2004
Garden/Low-Rise
Sold 3Q 2008

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - Huntington Beach Village

704 Clay Avenue, Huntington Beach, CA, 92648