$2,950,000
7681 Ellis Avenue, Huntington Beach 92648
12
Beds
6
Baths
5,155
Square feet
6,098
Lot Size
5
# Of Units
Listing Agent
Noam Srolovitz - Kape Property Management, Inc.We are pleased to present this turnkey 5 unit apartment community located in the heart of Huntington Beach, at an in-place 4.83% cap rate (proforma 5.12%) and 15 GRM. This asset comprises an attractive unit mix of two 3-Bed/2-Bath units (~1,100 SF each) & three 2-Bed/1.5-Bath townhomes (~990 SF each). The property - interior and exterior - has been upgraded and professionally designed over the course of the last ~12 months, including windows, kitchens, bathrooms, lighting, appliances (including laundry in each unit), flooring, exterior paint, lighting & landscaping, roof (2019), partial plumbing and electric. In addition, the property now boasts a spectacular ~1,100 SF 3-Bed/2-Bath ADU. Qualified, market-rate, long-term tenants in place, these units leased FAST due to exquisite exterior and interior design, amenities like brand new kitchens & baths, private outdoor spaces, in-unit laundry, AC (ADU), and townhome-style layouts (3 units). Separate gas and electrical meters for each unit. NO LOCAL RENT CONTROL - subject only to AB 1482. Four on-site parking spaces too. Located in prime Orange County in one of the strongest rental markets. Short distance to beaches, HB Pier, neighborhood shopping center, grocery stores, trails and more.
Facts & Features
MLS® # | 24350231 |
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Price | $2,950,000 |
Bedrooms | 12 |
Bathrooms | 6.00 |
Square Footage | 5,155 |
Lot Size | 6,098 |
Year Built | 1964 |
Type | Residential Income |
Status | Active |
# Of Units | 5 |
Community Information
Address | 7681 Ellis Avenue |
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Area | 15 - West Huntington Beach |
City | Huntington Beach |
County | Orange |
Zip Code | 92648 |
Amenities
Parking Spaces | 4 |
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Parking | Assigned |
Garages | Assigned |
Is Waterfront | No |
Has Pool | No |
Interior
Interior Features | Ceiling Fan(s) |
---|---|
Appliances | Dishwasher, Gas Cooktop, Gas Oven, Microwave, Oven, Refrigerator, Dryer, Washer |
Heating | Combination |
Has Basement | No |
Fireplace | No |
# of Stories | 2 |
Stories | Two |
Additional Information
Date Listed | February 29th, 2024 |
---|---|
Days on Market | 64 |
Zoning | R3 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Noam Srolovitz |
---|---|
Office | Kape Property Management, Inc. |