Huntington Beach CA  home offered at $1,750,000 

Call Lisa DiNoto Group at (909)921-2544 to see this home.

 

7832 Newman Ave
Huntington Beach, California CA 92647
Sold For: $1,760,000
Listing ID: OC23092831
Price/SqFt: $400.36
Status: Closed
Sold Date: 6/12/2023
SqFt: 4,396 Sq Ft
Acres: 0.220 Acres
Subdivision: Other (OTHR)
Year Built: 1988

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.

Primary Features

County: Orange
Price/SqFt: 400.36
Property Sub Type: Quadruplex
Property Type: Residential Income
Subdivision: Other (OTHR)
Year Built: 1988

Interior

Appliances: yes
Appliances: Gas Range
Building Area Units: Square Feet
Common Walls: 2+ Common Walls
Cooling: no
Cooling Type: None
Fireplace: no
Fireplace Features: None
Flooring: Carpet, Wood
Garage Spaces: 6
Heating: yes
Heating Type: Forced Air, Wall Furnace
Interior Features: High Ceilings, Open Floorplan
Laundry: yes
Laundry Features: Community
Levels: One, Two
Number With Range: 4
Spa: no
Spa Features: None
Stories Total: 2

External

Carport Spaces: 2
Entry Level: 1
Entry Location: 1
Lot Features: Front Yard, Yard
Lot Size Area: 9583
Lot Size Source: Assessor
Lot Size Square Feet: 9583
Number Of Buildings: 2
Parking: yes
Parking Features: Carport, Garage
Parking Total: 8
Pool Features: None
Private Pool: no
Property Attached: yes
Sewer: Public Sewer
View: no
View Type: None
Water Source: Public

Location

Country: US
Elevation Units: Feet
MLS Area Major: 15 - West Huntington Beach
Subdivision Name Other: Other

Additional

Additional Parcels: no
Association: no
Community Features: Street Lights
Days On Market: 3
List Agent State License: 01412779
List Office State License: 01878277
Lot Size Units: Square Feet
New Construction: no
Number Of Separate Electric Meters: 5
Number Of Separate Gas Meters: 5
Number Of Separate Water Meters: 5
Number Of Units Leased: 4
Number Of Units Total: 4
Parcel Number: 16530110
Senior Community: no
Year Built Source: Public Records

Financial

Gross Multiplier: 15.68
Gross Scheduled Income: 111600
Land Lease: no
Net Operating Income: 111600
Price Per Unit: 437500
Rent Control: no
Special Listing Conditions: Standard
Tax Lot: 10
Tax Tract: 3478
Tax Tract Number: 099402
Tenant Pays: All Utilities
Total Actual Rent: 111600

Zoning Info


© 2024. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Any correspondence from IDX pages are routed to Realty Masters and Associates or one of their associates. Last updated Thursday, March 28th, 2024.

Based on information from CARETS as of Thursday, March 28th, 2024 01:20:37 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
#IDX-primaryPhoto,#idx-details-header,#IDX-listingMediaLinks
Listed by: GantryWilson, DRE #01412779 from eXp Realty of California Inc 888-584-9427

Contact - Listing ID OC23092831

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Lisa DiNoto

9483 Haven Ave #100
Rancho Cucamonga, CA 91730
Phone: 9099212544

Data services provided by IDX Broker
{"page":"listing","idxID":"d025","listingID":"OC23092831","extra":"7832-Newman-Ave-Huntington-Beach-CA-92647","type":"detailsContact"}
http://lisadinotogroup.com
details.php
https://homes.lisadinotogroup.com
details