Embrace a prime Investment Opportunity in the coveted Huntington Beach locale, renowned for its High Rental Demand. This 4Plex, set on a sizeable lot, combines Vintage Charm with Modern Appeal.
Unit A, a 3-bedroom, 2-bathroom Single-Story Home from 1929, fetches a Rent of $3,000 a month. The Rear Units (B, C, D) built in 1988, each 2-bed/2-bath, command Rents of $2,000, $2,100, and $2,200 respectively. Features include Shared Laundry, Enclosed Yards in Units A and D, and ample Garage Space. Each Tenant handles their Own Utilities, enhancing the Property's Income Efficiency. Conveniently Located near the Freeway, Shopping, Schools, and the Beach, this 4Plex is a promising proposition.
While Property has Extensive Deferred Maintenance, this is Reflected in the Pricing, which allows room for a VALUE ADD and IMMEDIATE Capital Growth for the Savy Investor. Your Huntington Beach Income Property Awaits.
Sold for $1,760,000 on 06/12/23
Listing Provided by:
Gantry Wilson DRE #01412779 714-500-7797,
eXp Realty of California Inc
Bought with: eXp Realty of California Inc
$1,760,000
7832 Newman Ave, Huntington Beach, CA 92647
9beds
8baths
4,396sqft
Quadruplex
Built in 1988
-- sqft lot
$-- Zestimate®
$400/sqft
$3,844 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: June 13, 2023 at 02:21pm
Listing Provided by:
Gantry Wilson DRE #01412779 714-500-7797,
eXp Realty of California Inc
Bought with:
Gantry Wilson, DRE #01412779
eXp Realty of California Inc
Source: CRMLS,MLS#: OC23092831
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 8
Heating
- Forced Air, Wall Furnace
Cooling
- None
Appliances
- Included: Gas Range
- Laundry: Common Area
Features
- High Ceilings, Open Floorplan
- Flooring: Carpet, Wood
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 4,396
- Total interior livable area: 4,396 sqft
Property
Parking
- Total spaces: 8
- Parking features: Carport, Garage
- Garage spaces: 6
- Carport spaces: 2
- Covered spaces: 8
Features
- Levels: One,Two
- Stories: 1
- Entry location: 1
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: None
Lot
- Size: 9,583 sqft
- Features: Front Yard, Yard
Details
- Parcel number: 16530110
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1988
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Street Lights
Location
- Region: Huntington Beach
- Subdivision: ,Other
HOA & financial
Other financial information
- Total actual rent: 111600
Other
Other facts
- Listing terms: Cash,Cash to New Loan,Submit