220 Alabama Street

    Huntington Beach, CA 92648
    • $3,500,000
    • STATUS: Closed
    • ON SITE: 82 days
    • ID#: OC18209236
    Sold - 10/15/2018
    $3,500,000
    SOLD - 10/15/2018
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,722
      SQFT
    • $521
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    Prime location and very rarely comes on market. 10 Units close to the beach in BOOMING Downtown HB. Just steps to the new Pacific City shopping /dining complex. 2 blocks to the beach/pier. Upside potential in rents. 5 on site parking spaces tenants pay monthly for. On site walk in laundry. Sits on a downtown double lot. Main Street USA is just around the corner. New construction homes all over this area with very few new units being built. Luxury Apts around the corner get $3000 for a 1 bedroom, $3500 plus for 2 bedrooms. Some of the units have been remodled with quartz counters, new cabinetry, flooring, carpets and show great -see pictures/drone..

    Sold by Justin White of Justin White.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-18T15:30:53.73. 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. Licensed in the State of California, USA.
    www.kimmeeker.com/homes/86936654

    220 Alabama Street Huntington Beach, CA 92648

    • Price: $3,500,000
    • Status: Closed
    • Updated: 76 min ago
    • ID#: OC18209236
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    6,722
    SQFT
    $521
    $/SQFT
    1960
    Built
    Neighborhood:
    Downtown Area (Down)
    County:
    Orange
    Area:
    15 - West Huntington Beach
    Property Description
    Prime location and very rarely comes on market. 10 Units close to the beach in BOOMING Downtown HB. Just steps to the new Pacific City shopping /dining complex. 2 blocks to the beach/pier. Upside potential in rents. 5 on site parking spaces tenants pay monthly for. On site walk in laundry. Sits on a downtown double lot. Main Street USA is just around the corner. New construction homes all over this area with very few new units being built. Luxury Apts around the corner get $3000 for a 1 bedroom, $3500 plus for 2 bedrooms. Some of the units have been remodled with quartz counters, new cabinetry, flooring, carpets and show great -see pictures/drone..
    Exterior Features

    Entry Level 1 Entry Location 1 Fence YN Yes Fencing Wood Foundation Details Slab Garage Spaces 0.00 Lot Features Front Yard Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes Roof Flat

    Interior Features

    Appliances Gas RangeGas Water HeaterWater Heater Central 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 2+ Common Walls Flooring CarpetLaminateTile Heating Wall Heater Heating YN Yes Interior Features Ceramic CountersLiving Room BalconyStorage Space Laundry Features Community Levels Two Room Type Family Room

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Curbs Country Us Electric Electricity - On Property Electric Expense 991.00 Elevation Units Feet Garage Income 0.00 Garage Rental Rate 0.00 Gardener Expense 1050.00 Gross Income 183000.00 Gross Scheduled Income 183000.00 Insurance Expense 3700.00 Land Lease YN No Laundry Income 60.00 Laundry YN Yes Licenses Expense 125.00 Net Operating Income 1128100.00 New Taxes Expense 38500.00 Number Of Separate Electric Meters 10 Number Of Separate Gas Meters 10 Number Of Separate Water Meters 1 Number Of Units Leased 10 Number With Range 10 Operating Expense 54900.00 Other Expense 1500.00 Professional Management Expense 11520.00 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Downtown Area (Down) Supplies Expense 600.00 Tenant Pays Cable TvElectricityGasSee Remarks Total Actual Rent 15975.00 Total Expenses 62606.00 Trash Expense 2280.00 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 3840.00 Water Source Public Year Built Source Assessor Zoning R3

    Listing provided courtesy of David Macleod of Coldwell Banker Beachside.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-18T15:30:53.73. 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. Licensed in the State of California, USA.
     
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