7332 Garfield Avenue

    Huntington Beach, CA 92648
    • $1,675,000
    • STATUS: Active
    • ON SITE: 98 days
    • ID#: PW19061534
    UPDATED: 21 min ago
    $1,675,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,158
      SQFT
    • $403
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1974
    County:

    School Ratings & Info

    Description

    4 large units with 7 car garages ( 3 units double garages, 1 unit single garage), townhouse style (up and down same unit), freshly painted exterior, opportunity for condo conversion to make more profit. Excellent rental area, located between Beach Blvd and Gothard St. Minutes to shopping, school, beach, hospital. Insurance includes fire and earthquake coverage ($1,766 and $1,461). Expenses include 5% professional management fees. New owner may reduce expenses by managing it himself and not take earthquake insurance to increase cap rate. Property to be sold "As Is".

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-26T22:39:16.037. 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.hellerthehomeseller.com/homes/92850002

    7332 Garfield Avenue Huntington Beach, CA 92648

    • Price: $1,675,000
    • Status: Active
    • Updated: 21 min ago
    • ID#: PW19061534
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    4,158
    SQFT
    $403
    $/SQFT
    1974
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    14 - South Huntington Beach
    Property Description
    4 large units with 7 car garages ( 3 units double garages, 1 unit single garage), townhouse style (up and down same unit), freshly painted exterior, opportunity for condo conversion to make more profit. Excellent rental area, located between Beach Blvd and Gothard St. Minutes to shopping, school, beach, hospital. Insurance includes fire and earthquake coverage ($1,766 and $1,461). Expenses include 5% professional management fees. New owner may reduce expenses by managing it himself and not take earthquake insurance to increase cap rate. Property to be sold "As Is".
    Exterior Features

    Construction Materials AsphaltConcrete Fence YN Yes Fencing Wood Garage Spaces 7.00 Lot Features PavedSprinkler SystemSprinklers In Front Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage - Single Door Parking Total 9.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Roof Composition View Neighborhood View YN Yes

    Interior Features

    Appliances DishwasherFree-Standing RangeDisposalGas OvenGas RangeGas CooktopGas Water HeaterRange Hood 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 Fireplace Features Living Room Fireplace YN Yes Flooring CarpetTile Heating CentralNatural Gas Heating YN Yes Interior Features Living Room Deck AttachedUnfurnished Laundry Features Outside Levels Two Window Features Blinds

    Property Features

    Accessibility Features 32 Inch Or More Wide Doors Additional Parcels YN No Building Area Units Square Feet Cap Rate 3.30 Community Features Street Lights Country Us Electric Electricity - On Property Electric Expense 401.00 Elevation Units Feet Fuel Expense 979.00 Gardener Expense 695.00 Gross Equity 1380000 Gross Income 1100.00 Gross Multiplier 18.00 Gross Operating Income 93896.00 Gross Scheduled Income 96800.00 Gross Spendable Income 35506.00 Insurance Expense 3227.00 Land Lease YN No Laundry Equipment Own Lease Lease Laundry Income 459.00 Laundry YN Yes Licenses Expense 120.00 Maintenance Expense 4061.00 Maintenance Percent 4.24 Net Operating Income 57795.00 New Construction YN No New Taxes Expense 18975.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 4 Number With Dishwasher 4 Number With Range 4 Operating Expense 36101.00 Operating Expense Percent 37.00 Other Income1 641.00 Pest Control Expense 156.00 Present Loans 345000 Professional Management Expense 4641.00 Property Sub Type Quadruplex Rent Control YN No Security Features Carbon Monoxide Detector(S)Fire And Smoke Detection SystemSecurity Lights Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other N/A Supplies Expense 280.00 Tax Annual Amount 6578.00 Tax Rate 1.11 Tenant Pays Cable TvElectricityGas Total Actual Rent 7975.00 Total Expenses 36101.00 Trash Expense 947.00 Utilities Electricity AvailableElectricity ConnectedNatural Gas AvailableNatural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance 2904 Vacancy Allowance Rate 3.00 Water Sewer Expense 1619.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Amy Hsu of Triple-Eight Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-26T22:39:16.037. 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.
     
    Heller The Home Seller | Keller Williams Realty
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024