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    7881 Holt Drive

    Huntington Beach, CA 92647
    • $2,600,000
    • STATUS: Active Under Contract
    • ON SITE: 40 days
    • ID#: OC20244036
    Under Contract
    UPDATED: 32 min ago
    $2,600,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,086
      SQFT
    • $427
      $/SQFT
    Neighborhood:
    699 - Not Defined
    Type:
    Multi-Family
    Built:
    1977
    County:
    Orange
    Area:
    699 - Not Defined

    School Ratings & Info

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    Description

    Stabilized investment opportunity with a high cap rate in the coastal city of Huntington Beach. Providing immediate cash flow, an investor can get good leverage to take advantage of the current interest rate environment and continue to build their portfolio. Units have gone through quality renovations and a new roof was put on in 2019. These large updated units with an ideal unit mix are a great addition to any portfolio.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-20T07:28:58.627. 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 deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.

    www.hometownnorthcounty.com/homes/112529117
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    7881 Holt Drive Huntington Beach, CA 92647

    • Price: $2,600,000
    • Status: Active Under Contract
    • Updated: 32 min ago
    • ID#: OC20244036
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    6,086
    SQFT
    $427
    $/SQFT
    1977
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Orange
    Area:
    699 - Not Defined
    Property Description
    Stabilized investment opportunity with a high cap rate in the coastal city of Huntington Beach. Providing immediate cash flow, an investor can get good leverage to take advantage of the current interest rate environment and continue to build their portfolio. Units have gone through quality renovations and a new roof was put on in 2019. These large updated units with an ideal unit mix are a great addition to any portfolio.
    Exterior Features

    Carport Spaces 5.00 Garage Spaces 8.00 Lot Features Back YardRectangular Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Features CarportGarage Parking Total 13.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Appliances DishwasherDisposalGas RangeRefrigerator Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features Family Room Fireplace YN Yes Heating Wall Furnace Heating YN Yes Interior Features BalconyCeiling Fan(S)Granite Counters Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.52 Community Features BikingHikingSidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Garage Income 1800.00 Gardener Expense 943.00 Gross Income 173352.00 Gross Multiplier 15.00 Gross Scheduled Income 173352.00 Insurance Expense 4373.00 Land Lease YN No Laundry Income 1572.00 Laundry YN Yes Maintenance Expense 4900.00 Net Operating Income 117648.00 New Construction YN No New Taxes Expense 29775.00 Number Of Separate Electric Meters 8 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Number Of Units Leased 7 Operating Expense 50605.00 Other Expense 3968.00 Other Expense Description All Util Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tax Rate 1.10 Tenant Pays ElectricityGas Total Actual Rent 14165.00 Total Expenses 50605.00 Trash Expense 2450.00 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance 5099 Water Sewer Expense 2462.00 Water Source Public Year Built Source Public Records Zoning R3

    Listing provided courtesy of Christopher Pettit of Side, Inc


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-20T07:28:58.627. 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 deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.

     
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    San Ramon CA, 94583