Huntington Beach, CA 92648 7681 Ellis Avenue
$2,845,000
35 more
Presented By: Noam Srolovitz with Kape Property Management, Inc.;
Home Details
We are pleased to present this turnkey 5 unit apartment community located in the heart of Huntington Beach, at an in-place 5.04% cap rate (proforma 5.12%) and 14.59 GRM. This asset comprises an attractive unit mix of two 3-Bed/2-Bath units (~1,100 SF each) & three 2-Bed/1.5-Bath townhomes (~990 SF each). The property - interior and exterior - has been upgraded and professionally designed over the course of the last ~12 months, including windows, kitchens, bathrooms, lighting, appliances (including laundry in each unit), flooring, exterior paint, lighting & landscaping, roof (2019), partial plumbing and electric. In addition, the property now boasts a spectacular ~1,100 SF 3-Bed/2-Bath ADU. Qualified, market-rate, long-term tenants in place, these units leased FAST due to exquisite exterior and interior design, amenities like brand new kitchens & baths, private outdoor spaces, in-unit laundry, AC (ADU), and townhome-style layouts (3 units). Separate gas and electrical meters for each unit. NO LOCAL RENT CONTROL - subject only to AB 1482. Four on-site parking spaces too. Located in prime Orange County in one of the strongest rental markets. Short distance to beaches, HB Pier, neighborhood shopping center, grocery stores, trails and more.
Presented By: Noam Srolovitz with Kape Property Management, Inc.;
Interior Features for 7681 Ellis Avenue
Bedrooms
Total Bedrooms12
Bathrooms
1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths9
Other Interior Features
LivingAreaSourcePlans
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesInside
Street SuffixAvenue
Total Stories2
General for 7681 Ellis Avenue
Additional Parcels Y/NNo
AppliancesDishwasher, GasCooktop, GasOven, Microwave, Oven, Refrigerator, Dryer, Washer
Attached Garage No
Cap Rate5.04
Carport Y/NNo
CityHuntington Beach
CountyOrange
Days on Market69
DirectionsWest of Beach Blvd
Garage Y/NNo
Gross Income195300.0
HOA / Comm AssnNo
HeatingCombination
Home Warranty Y/NNo
Interior FeaturesCeilingFans
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet6098.0
MLS Area15 - West Huntington Beach
MobileHomeRemainsYNNo
Net Operating Income143710.0
New ConstructionNo
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameEllis
Tenant PaysCableTV, Electricity, Gas
Total Units5
View Y/NNo
Waterfront Y/NNo
Year Built1964
ZoningR3
Exterior for 7681 Ellis Avenue
Building Area Total5155.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions62x100
Lot Size Acres0.14
Lot Size Area6098.0
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesAssigned
SpaNo
Total Parking4.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480