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Rare Development Opportunity in HB 7736 Sugar Dr 3 Unit Apartment Building $2,700,000 ($900,000/Unit) 3.78% Cap Rate Huntington Beach, CA 92647
INVESTMENT HIGHLIGHTS
- Seller Financing Available
EXECUTIVE SUMMARY
Prime Investment Opportunity in Huntington Beach – Rare, High-Yield Property! Take advantage of owning this 3-unit compound sitting on a massive 22,800 sq. ft. lot, boasting a strong 3.7% cap rate. Just 6 miles from the beach and 1 mile from Bella Terra, this unique property features a 4-bed, 3-bath main house, a detached studio, a huge 2,400 sq. ft. garage with high ceilings and expansion potential, an attached 2-bed apartment, five additional garages, and two tool sheds. Zoned RL-7, it offers incredible flexibility for investors, developers, or visionary buyers looking to unlock the full potential of this trophy property. Seller Financing Available
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$114,000
|
$26.82
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$114,000
|
$26.82
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$12,000
|
$2.82
|
| Net Operating Income |
$102,000
|
$24.00
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $114,000 |
| Annual Per SF | $26.82 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $114,000 |
| Annual Per SF | $26.82 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $12,000 |
| Annual Per SF | $2.82 |
| Net Operating Income | |
|---|---|
| Annual | $102,000 |
| Annual Per SF | $24.00 |
PROPERTY FACTS
| Price | $2,700,000 | Property Subtype | Apartment |
| Price Per Unit | $900,000 | Apartment Style | Single-Family Home |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 3.78% | Lot Size | 0.52 AC |
| Sale Condition | Redevelopment Project | Building Size | 4,250 SF |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1950 |
| Zoning | Zoned RL-7 - RL = low density, intended for single family The Number "7" denotes a maximum density of 7 dwelling units per acre w/minimum lot size of 6,000 sqft | ||
| Price | $2,700,000 |
| Price Per Unit | $900,000 |
| Sale Type | Investment |
| Cap Rate | 3.78% |
| Sale Condition | Redevelopment Project |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.52 AC |
| Building Size | 4,250 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Zoning | Zoned RL-7 - RL = low density, intended for single family The Number "7" denotes a maximum density of 7 dwelling units per acre w/minimum lot size of 6,000 sqft |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Washer/Dryer Hookup
- Ceiling Fans
- Oven
- Range
- Porch
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+3 | 1 | $5,500 | 2,650 |
| Studios | 1 | $2,000 | 700 |
| 2+1 | 1 | $2,000 | 900 |
1 1
Walk Score®
Very Walkable (72)
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Rare Development Opportunity in HB | 7736 Sugar Dr
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