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.
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
What's special
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#: NP23141560
Originating 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