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Sold for $2,398,000 on 11/29/23
  • Listing Provided by: 

    Damon Mazzano DRE #01735292 949-433-6883,

    Ron Mazzano, Broker

    Bought with: CB Richard Ellis, Inc.
    $2,398,000

    7872 Liberty Dr, Huntington Beach, CA 92647

    9beds
    8baths
    4,859sqft
    Quadruplex
    Built in 1979
    -- sqft lot
    $-- Zestimate®
    $494/sqft
    $3,921 Estimated rent

    Owner options

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    $3,921/mo

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    $3,921/mo

    Rent Zestimate®

    Refinance and save

    $14,908/mo

    Est. payment

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    $14,908/mo

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    What's special

    Looking for the ultimate investment income opportunity in one of the world’s most legendary seaside communities? Well, you found it in this Pride of Ownership cash-flowing Quadruplex situated in the highly sought-after Huntington Beach, CA – Surf City, USA, with an additional 1-bedroom 1-bath income unit with a market rent of $2100. This attractive Muti-Family Property is located in an ideal rental location close to various dining options, entertainment, shopping, renowned beaches, transportation and the 405 freeway. Currently operating close to market rent with a GOI of $144,176 with significant potential for increased income and priced at a high cap rate of 4.26% at only $479,600 a door! This complex features an est. 1500 sq. ft., 3 bedrooms, 2 bath front townhome, which features private inside laundry room, spacious living room fireplace, recessed lighting, open kitchen with bar seating and granite countertops, 2 upstairs balconies, 2 car garage, and large side patio that could be utilized for future owner occupancy. The additional units all have spacious floor plans and are nicely equipped with appliances and first floor 2-bedroom apartment has a spacious enclosed backyard. Recent building upgrades include updated exterior paint, newer central water heater, Ring cameras, and a newly landscaped courtyard. This property has a shared laundry room which generates additional income, 6 total garages, individual unit balconies or patios, owner's storage room, automatic sprinkler system, and a large driveway/carport for additional parking. Located just minutes from fine dining, nightlife, entertainment, Downtown Huntington beach, Bella Terra outdoor mall, and the best surfing and beaches, this property offers an amazing investment opportunity in one of SoCal’s most desirable areas. Looking for another great income property, please inquire about the owner’s other listing at 8162 La Paz Dr. Huntington Beach. Please call now to schedule a tour today to become the new proud owner of this impressive low-rise garden complex.

    Zillow last checked: 8 hours ago

    Listing updated: November 30, 2023 at 10:09am

    Listing Provided by:

    Damon Mazzano DRE #01735292 949-433-6883,

    Ron Mazzano, Broker

    Bought with:

    Jorge Felix, DRE #01327006

    CB Richard Ellis, Inc.

    Source: CRMLS,MLS#: NP23141560MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 8
    Heating
    • Forced Air, Wall Furnace
    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Included: Dishwasher, Disposal, Gas Oven, Gas Range, Microwave, Water Heater, Dryer, Washer
    • Laundry: Common Area
    Features
    • Ceiling Fan(s), Granite Counters, Open Floorplan
    • Flooring: Laminate, Vinyl
    • Doors: Sliding Doors
    • Has fireplace: Yes
    • Fireplace features: Living Room
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 4,859
    • Total interior livable area: 4,859 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Garage
    • Garage spaces: 6
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: None
    Lot
    • Size: 8,712 sqft
    • Features: 2-5 Units/Acre, Back Yard, Sprinkler System
    Details
    • Parcel number: 16531213
    • Zoning: R3
    • Special conditions: Standard,Trust

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional
    • Property subtype: Quadruplex
    Materials
    • Roof: Flat,Tile
    Condition
    • New construction: No
    • Year built: 1979

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

    Community & neighborhood

    Security
    • Security features: Smoke Detector(s)
    Community
    • Community features: Sidewalks
    Location
    • Region: Huntington Beach

    HOA & financial

    Other financial information
    • Total actual rent: 12075

    Other

    Other facts
    • Listing terms: Cash,Conventional,1031 Exchange,VA Loan