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Key Details
Sold Price $1,400,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW23214682
Sold Date 01/02/24
Bedrooms 2
HOA Y/N No
Lot Size 6,010 Sqft
Property Description
We are pleased to present the Slater Property located in Huntington Beach. This value-add fourplex is situated on a major thoroughfare, Slater Avenue, giving the property high visibility and easy accessibility, ensuring a consistent flow of potential tenants. The single-story property comprises all 2-bedroom 1-bath units, each equipped with garages, laminate wood flooring (3/4 units), and dual-pane windows. The building also features a laundry facility, a recently replaced roof with a 10-year warranty, and individual meters for electricity and gas. Overall, this value-add investment offers over 40% upside in rental income with a solid foundation to achieve market rents while incurring low costs.
We are pleased to present the Slater Property located in Huntington Beach. This value-add fourplex is situated on a major thoroughfare, Slater Avenue, giving the property high visibility and easy accessibility, ensuring a consistent flow of potential tenants. The single-story property comprises all 2-bedroom 1-bath units, each equipped with garages, laminate wood flooring (3/4 units), and dual-pane windows. The building also features a laundry facility, a recently replaced roof with a 10-year warranty, and individual meters for electricity and gas. Overall, this value-add investment offers over 40% upside in rental income with a solid foundation to achieve market rents while incurring low costs.
Location
State CA
County Orange
Area Oc - Huntington Beach (92647)
Zoning Public Rec
Building
Lot Description Sidewalks
Story 1
Lot Size Range 4000-7499 SF
Level or Stories 1 Story
Others
Monthly Total Fees $83
Acceptable Financing Conventional
Space Rent $1,789
Listing Terms Conventional
Financing Conventional
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Bought with Chris Keramati • Triqor Group
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