Huntington Beach, CA 92648,212 15th ST
Huntington Beach, CA 92648,212 15th ST
Huntington Beach, CA 92648,212 15th ST
Huntington Beach, CA 92648,212 15th ST
Huntington Beach, CA 92648,212 15th ST
Huntington Beach, CA 92648,212 15th ST
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$3,850,000

$4,000,000

3.8%
Est.Price: ?

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Est. payment /mo

7,840 Sqft Lot


SOLD DATE : 07/16/2024

Key Details

Sold Price $3,850,000

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Subdivision Downtown Area (Down)

MLS Listing ID OC24051075

Sold Date 07/16/24

HOA Y/N No

Year Built 1970

Lot Size 7,840 Sqft

Property Description

212 15th Street in Downtown Huntington Beach is a rare offering being just 1.5 blocks from the beach. It is located in the 200 block (two 25 foot lots + 15 foot portion of adjacent lot). This is an owner-user area with the majority of nearby dwellings being condominiums from $1,000,000 to $1,500,000 and SFRs in the $1,750,000,000 to $6,000,000 range. High income tenants are naturally drawn to the area by nearby attractions including: The soft sands & ridable waves of Surf City, blufftop park/bike path, Beach Playground, Pier, Main Street Village, restaurants, shopping, entertainment, and numerous events (4th of July parade & fireworks, US Open of Surfing, Pacific Airshow, & more). This is the first time the property has been offered for sale in 40 years and is arguably the best (small residential income) investment opportunity for upside rental potential in coastal Orange County. The mix of units includes (five) 2 BR – 1BA units, (three) 1BR – 1BA units. 8 Garage Spaces + 4 Open Spaces. Built in 1970, and individually metered for gas & electric. The building is only 6 blocks from award winning Elementary & Middle Schools – 10 blocks from Huntington Beach High School (which offers the Academy of Performing Arts and Nationally Ranked athletics programs). Fantastic upside potential - Current rents can be increased significantly to estimated market levels. Contact Listing Agent for rental projections. Given its proximity to beach and Main Street Village, this offering represents an attractive opportunity to rehab and substantially increase rental income for the long term income property investor.

Location

State CA

County Orange

Area 15 - West Huntington Beach

Interior

Heating Natural Gas

Fireplace No

Laundry Common Area

Exterior

Parking Features Driveway, Garage

Garage Spaces 8.0

Garage Description 8.0

Pool None

Community Features Biking, Curbs, Fishing, Gutter(s), Street Lights, Sidewalks, Water Sports

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Flat

Total Parking Spaces 12

Private Pool No

Building

Lot Description Rectangular Lot

Story 2

Entry Level Two

Sewer Sewer Tap Paid

Water Public

Architectural Style Traditional

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 02403115

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash to Loan

Special Listing Condition Standard, Trust

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California Regional MLS (CRMLS)
Listed by Scot Campbell • Coldwell Banker-Campbell Rltrs • 714-336-0394
Bought with Nick Valayati • Valiant Multi-Family Group
agent-avatar

+1(619) 519-2303

steve@stevelucal.com

PO Box 181892, Coronado, California, 92178, United States

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