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7581 Warner Ave Avenue, Huntington Beach, CA 92647

Property Details

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7581 Warner Ave Avenue
Huntington Beach, CA 92647

In Escrow / Under Contract: $4,999,888

Property Type: Commercial Apartments
MLS#: OC17201601

  • Building Size: 13305 SF
  • Lot Size: 16117 SF
  • Number of Units: 11
  • Number of Stories: 3
  • Year Built: 1988
  • Days on market: 469
  • Cap Rate: 3.83
  • Net Operating Income: $191,540
  • Gross Scheduled Income: $296,075
  • Rent Control: No
  • Contact Listing Agent Direct:
  • Burton Young, Sperry Commercial, Inc.

Property Description

MAJOR 2ND PRICE REDUCTION FROM $5,099,000 TO $4,999,888 A VALUE ADD PROPERTY WITH UPSIDE IN RENTS! Built in 1988, Huntington Beach Terrace Apartments is a Class A. Consisting of 11 very spacious two and three bedroom apartments, 10 of which have been recently renovated. Completed between 2016 and 2017, each unit now boasts new interior paint, window awnings, granite counter tops, stainless steel appliances(dishwasher/refrigerator/sink/stove top/oven/micro-wave), cabinets/hardware, kitchen fixtures, faux wood flooring, ceiling fans, electrical outlets,bathroom vanity cabinets, toilets, flooring, showers, lights, mirrored closets, interior doors, etc. Additionally, each unit enjoys a newly renovated balcony or patio, renovated on-site laundry on each of the 3 levels, private enclosed parking garage (16 total), and ample guest surface parking(8 open spots). Standard to each apartment is metered gas and electric, central air conditioning/heat, and individual water heater. Water, trash, and sewer is billed back through a RUBS program. Displaying new exterior paint, monument signage, landscaping, and full video surveillance, this multi-family investment offering is strongly positioned for a quick sale in what is considered to be a solid beach city rental market. PLEASE CALL AGENT FOR COMPLETE MARKETING PACKAGE

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7581 Warner Ave Avenue, Huntington Beach, CA 92647

Based on information from California Regional Multiple Listing Service, Inc. as of February 6, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Listing provided by: Burton Young, Sperry Commercial, Inc.

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