Est. cap rate

1.8%

Assumed rent, all units

$7,620/mo

Units

3

Price per unit

$865,333

Est. annual NOI

$45,720

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Triplex

Bedrooms

4

Bathrooms

3

Building size

1,836 sqft

Lot size

2,700 sqft

Year built

1938

Stories

2

Garage spaces

0

Heating

Wall Furnace

Cooling

None

Pool

None

View

Ocean,Park/Greenbelt,Neighborhood

Status

Active

Days on market

144

MLS #

241378775

About this property

Seize the opportunity to build a spectacular Coastal Showcase residence (or leave the property as-is) on this prime north-end, Full Lot, in Sunset Beach. Offered with close to ready-to-issue (RTI) architectural plans. The proposed visionary design showcases a New Construction, striking tri-level modern home featuring a rooftop deck w/built-in jacuzzi, floor-to-ceiling glass, private elevator, and two expansive decks. This unique street-to-street lot is open on three sides and is steps from sand & sea! Located in one of OC’s most desirable beach community and Supply-Constrained neighborhood. Walking distance to Huntington Boat Harbour, restaurants, cafes, entertainment, & shopping along PCH. Situated in a high-demand rental area and surrounded by new development, this property offers strong upside for both investors and end-users. Use some or all units for long term rentals or Short Term Rentals (STR's) are allowed (verify w/coastal). Some units can be used as Guest House, In-law suite, Granny flat, Son/Daughter home, Casita. ** ALL Units have been recently Upgraded ** **** PERMITTED PLANS FOR FUTURE BUILD: Front house (existing) will be a 2 bed, 2 bath extensive remodel. The back ¾ lot will be new construction, detached from the front house, 3 bed / 3 bath, 2 car garage, w/rooftop. Plus a studio/ADU with its own kitchen, bathroom & private entrance. **** DESCRIPTION OF WHAT THE PROPERTY CURRENTLY IS: There are 3 livable units. Property will be delivered fully vacant. Front house is a detached two-story 2 bedroom, 1 bath home w/ balcony. The back units are two stacked studios (approx. 410 SF each), the top one has a large balcony. 2-3 car on-site parking. ** ALL units have been recently upgraded ** The sale includes Architectural Plans and completed, valuable, key pre-development work providing meaningful savings in both time & upfront costs.

Location

16432 25th Street

Sunset Beach, Orange, CA, 90742