Warren Berzack Lee and Associates (818-986-9800) has listed a Four-Plex multifamily rental income investment property on Barton Drive in Huntington Beach. This 4-Plex investment property offers four 2bd/2ba apartments in the heart of Huntington Beach. Very well priced, we suggest that all our readers call Warren direct immediately to find out additional information about this investment ooportunity.
7792 Barton Drive
Huntington Beach, CA 92647
For Sale: $895,000
Property Type: Fourplex
Warren Berzack, Lee & Associates | Phone: (818) 986-9800
- Bedrooms: 2
- Building Size: 3584 SF
- Lot Size: 7405 SF
- Number of Units: 4
- Number of Stories: 2
- Year Built: 1964
- Days on market: 155
- Cap Rate: 4.30
- Net Operating Income: $39,958
- Gross Scheduled Income: $64,600
- Rent Control: No
- GRM: 14.32
- Property Description
Price Reduced, Motivated Seller – Excellent Huntington Beach location in a very low vacancy area. 2-Story 4-plex property (2 units upstairs / 2 units downstairs), ALL 2 Bedroom, 2 Bathroom Units. Very clean and well maintained. Many Upgrades Recently Completed including: New Roof, New Windows, New Paint inside and outside, Newer flooring, Tile Entryways, refurbished Kitchens & Bathrooms, and more. Additional income from laundry room. 4 carport parking spaces. More parking than most of the other 4-plexes in the neighborhood. Easy access to Shopping and Transportation. Close to the Beach. Walk to Schools.
Huntington Beach Commercial Apartments For Sale: Duplex, Triplex and Fouplex
Huntington Beach is located in Orange County and is a great place to buy or sell multifamily, duplex, triplex, fourplex and larger commercial apartment properties. Its job industry, conveniences, and attractions make this a great place to live and there is a good market available to buy multifamily rental properties such as duplexes, triplexes, and fourplexes. These properties can bring in great income and can be sold quickly if you need to move your investments around. There is also no rent control in Huntington Beach.
Huntington Beach’s population was 194,708 as of 2012, which makes it the largest beach city in Orange County. The estimated median household income in 2011 was $75,336 (it was $64,824 in 2000). This is larger than the California median which was $57,287 in 2011.
Huntington Beach has large professional, scientific, and technical industries which comprise 9.3% of all industries in the city. This is because employers such as Boeing have 4,609 employees, which which makes it the top employer in Huntington Beach. Quicksilver, Cambro Manufacturing, Hyatt Regency, and C & D Aerospace are also top employers.
The city also enjoys being close to a variety of conveniences. The nearest major airport is John Wayne Airport. This airport has international and domestic flights from Santa Ana, California and is 9 miles from the center of Huntington Beach. Another major airport is Long Beach Airport, which has domestic flights and is 19 miles from Huntington Beach. The local hospital is Huntington Beach Hospital but there are also a few hospitals several miles away in Fountain Valley. There are many colleges in or around Huntington Beach, but the biggest ones are California State Long Beach (about 9 miles) and University of California Irvine (about 10 miles) which both have around 26,000 full time students enrolled.
Huntington Beach has many attractions, the most popular of which is its 9.5 mile sandy beach. The downtown district includes an active art center, a colorful shopping district, and the International Surfing Museum.
All of these features make Huntington Beach a great city to buy or sell multifamily investment rental properties such as duplexes, triplexes, fourplexes and larger commercial apartment buildings. This vibrant, growing community has great attractions, a healthy work industry, and above average rent. The density of the city and the desire for people to live here, make it an ideal location for multifamily living and the city does have great duplex, triplex, and fourplex properties.
Also serving other Orange County Cities.
This information was gathered from www.huntingtonbeachca.gov, city-data.com, and wikipedia.
Thank you for choosing MultiFamilyOwl.com in your search for a duplex, triplex, fourplex or commercial apartment for sale in Huntington Beach.
Find Multi-family Home and Property Listings in Orange County, CA
Orange County has an affluent population of 3,010,23 and is The third most populous county in the United States, second only to Los Angeles and San Diego County. Investing in Orange County is an excellent choice for multifamily residential income property owners. The overall economy is improving and decreasing unemployment rates are excellent for rising rental rates. Orange County’s great climate, family fun attractions like Disneyland and Knott’s Berry Farm, several beaches and more than 40 miles of coastline makes Orange county cities a popular vacation destination. Additionally if you convert your apartment into a vacation rental, you will create short term rentals that you will yield you higher rental rates.
Orange County is known for its political conservatism. A 2005 academic study listed three Orange County cities as being among America’s 25 “most conservative.” The city of Santa Ana is the county seat and is a part of Orange County’s 947.98 square miles. You may receive higher rents for multi-unit residential investment properties near the coast, however in general the asking purchase prices are higher.
Where most population centers tend to be identified by a major city, there is no defined urban center in Orange County. It is mostly suburban except for some traditionally urban areas at the centers of the older cities of Anaheim, Fullerton, Huntington Beach, Orange, and Santa Ana. There are several edge city-style developments such as Irvine Business Center, Newport Center, and South Coast Metro. Residents sometimes figuratively divide the county into “North Orange County” and “South County”. This is more of a cultural and demographic distinction perpetuated by the popular television shows “The OC”, “The Real Housewives of Orange County” and “Laguna Beach”, between the older areas closer to Los Angeles, and the more affluent and recently developed areas to the South and East.
Orange County is famous for its tourism and is the headquarters of several Fortune 500 and Fortune 1000 headquarters for Ingram Micro, Broadcam, Western Digital, Edwards Lifesciences, Standard Pacific, Quiksilver and Apria Healthcare. Notable technology companies are there like Gateway, Toshiba and Linksys. It is also an automotive, fast food & casual dining center containing the headquarters of Mercedes-Benz, Mazda, Toyota, Samsung, Kia Motors, Hyundai, Del Taco, Taco Bell, El Pollo Loco, In-N-Out Burger, Claim Jumper, Marie Callender’s, and Wienerschnitzel. Perfectly positioning you as an owner serving these industries, fewer and fewer apartment buildings are being built in California. Several are being torn down to build big mega mansions, driving up demand and creating higher rental rates.
Moreover, there are great tax benefits to owning income producing real estate. A property manager can help you control owner/ landlord expenses and if necessary guide you through the tricky Section 8 and eviction process. We have many duplexes, triplexes, fourplexes, and commercial apartment buildings without rent control, with on site parking, laundry and separately metered utilities.
Invest with us and request more information about the historical CAP Rates for your preferred Orange county cities and ask about the GRM (Gross Rent Multiplier), Net Operating Income and Gross Operating Income for specific listings.
Information gathered from Wikipedia and www.propertymetrics.com
Thank you for choosing MultiFamilyOwl.com in your search for a duplex, triplex, fourplex or commercial apartment for sale in Orange County.
You might be interested in looking in one of these Orange County cities: Anaheim – Brea – Buena Park – Corona Del Mar – Costa Mesa – Dana Point – Fountain Valley – Fullerton – Garden Grove – Huntington Beach – La Habra – Laguna Beach – Los Alamitos – Newport Beach – Orange – San Clemente – Santa Ana – Seal Beach – Sunset Beach – Tustin