212 15th Street, Huntington Beach, California 92648
- $4,000,000
- $4,000,000
Overview
- Mixed Use, Residential Income
- 8.0
- 6538 Sqft
- 1970
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.
Address
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Address: 212 15th Street
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City: Huntington Beach
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State/county: CA
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Zip/Postal Code: 92648
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Area: Downtown Area (DOWN)
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Country: US
Details
Updated on July 17, 2024 at 5:50 pm-
Property ID OC24051075
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Price $4,000,000
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Property Size 6538 Sqft
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Land Area 0.18 Acres
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Garages 8.0
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Year Built 1970
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Property Type Mixed Use, Residential Income
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Property Status Closed
Additional details
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Listing Terms Cash, Cash to New Loan
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Roof Flat
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Utilities Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
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Sewer Sewer Tap Paid
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Heating Natural Gas
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County Orange
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Property Type Residential Income
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Pool None
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Parking Driveway, Garage
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Community Features Biking, Curbs, Fishing, Gutter(s), Street Lights, Sidewalks, Water Sports
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Architectural Style Traditional
Mortgage Calculator
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