2520 17th Street
Huntington Beach, CA 92648
MLS #EV15094060

Income
  • 10units
  • 8,040sq ft
Pending Sale $2,999,000
Est. P&I payment: $11454.15/mo
2520 17th Street, Huntington Beach, CA 92648
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Description for 2520 17th Street, Huntington Beach, CA 92648
Back On the Market, A rare find in Huntington Beach! Close to everything and within walking distance from shopping centers, great schools, the beach, City Hall, Downtown, bus stations and freeways. It's a spectacular find-- a two story 10 units apartment community on an OVER SIZE LOT (20,884 Sq.Ft.). The buildings consist of 3 large units, each 2 bedrooms and 2 bath, and 7 large units, each 1 bedroom 1 bath. All first floor units have a private patio and upper units have a spacious balcony. There are plenty of parking spaces including 10 carports. Furthermore, the site may be eligible for the addition of more units (check city requirement). Good UPSIDE in rent that is currently below market level. A new roof has recently been installed in addition to a 1 year old 100-gallon water heater. Additional income from laundry room.
MLS #EV15094060
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My Notes for MLS #EV15094060

General Features

  • Number Of Buildings: 2
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Year Built: 1973
  • Year Built Source: Assessor
  • Subdivision Name: Beach Homes North (BCHN)
  • Subdivision Name Other: Beach Homes North (BCHN)
  • Number With Carpet: 10
  • Number With Disposal: 10
  • Number With Patio: 5
  • Number With Range: 10

Exterior Features

  • Carport Spaces: 10
  • Construction Materials: Frame
  • Roof: Composition
  • Stories Total: 2
  • Fencing: Block
  • Lot Features: 16-20 Units/Acre
  • Lot Size SqFt: 20,909
  • Lot Size Units: Square Feet
  • Entry Location: Ground Level
  • Garage Spaces: 5
  • Parking YN: 1
  • Parking Features: Carport Detached
  • Parking Total: 15
  • Pool Features: None
  • Property Condition: Repairs Cosmetic
  • Architectural Style: Contemporary
  • Common Walls: 2+ Common Walls
  • Property Attached YN: 1

Interior Features

  • Flooring: Carpet
  • Foundation Details: Slab
  • Interior Features: 2 Staircases
  • Levels: Two
  • Average 1Bed Area: 752
  • Average 2Bed Area: 925

Utility Features

  • Heating YN: 1
  • Heating: Wall Heater
  • Laundry YN: 1
  • Laundry Equipment Own Lease: Lease
  • Laundry Features: Community
  • Utilities: Sewer Available
  • Water Source: Public
  • Appliances YN: 1
  • Appliances: Built In Range
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Financial Features

  • Electric Expense: 50
  • Gross Scheduled Income: 156,000
  • Insurance Expense: 150
  • Laundry Income: 125
  • Maintenance Expense: 1,000
  • Net Operating Income: 120,000
  • Operating Expense: 36,000
  • Price Per SqFt: 373.01
  • Tax Annual Amount: 23,671
  • Tax Year: 2013
  • Total Expenses: 38,000
  • Trash Expense: 100
  • Vacancy Allowance Rate: 2
  • Water Sewer Expense: 500
  • Present Loans: 1,500,000
  • Tax Lot: 2,503
  • Fuel Expense: 50
  • Gross Income: 13,000
  • New Taxes Expense: 32,000
  • Price Per Unit: 299,000
  • Tenant Pays: Cable TV,​Electricity
  • Total Actual Rent: 12,341

Community Features

  • Community Features: Urban

Miscellaneous Features

  • Building Area Total: 8,040
  • Days On Market: 179
  • Lot Size Source: Assessor
  • Special Listing Conditions: Standard
  • Cumulative Days On Market: 179
  • Tax Tract Number: 225

Location

 
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Directions to 2520 17th Street, Huntington Beach, CA 92648
Cross Streets: Huntington & Yorktown
Listing information for 2520 17th Street, Huntington Beach, CA 92648 was graciously provided by our friends at the listing brokerage, THE BROKER'S REAL ESTATE GROU and by listing agent MARKOS ANWAR DRE# 01114293

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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Alliance Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Alliance Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 01/17/2018 at 8:09pm
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