Est. cap rate

2.8%

Assumed rent, all units

$11,320/mo

Units

4

Price per unit

$598,725

Est. annual NOI

$67,920

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

Quadruplex

Bedrooms

4

Building size

3,861 sqft

Lot size

6,098 sqft

Year built

1974

Stories

2

Garage spaces

4

Heating

Natural Gas,Forced Air

Cooling

Gas

Pool

None

View

Neighborhood

Status

Active

Days on market

22

MLS #

246257985

About this property

Highly desirable location in Huntington Beach, 92648! Fourplex on corner lot of Oswego and Huntington. One 3 Bedroom 2 bath unit includes it's own washer and dryer hookup in garage, accessible from the inside of the unit. All units have fireplaces. Two 2 bedrooms 2 bath units, One 1 Br. with single bath. Each unit has it's own private patio with new Techwood gates recently installed. Laundry room on premises for the other 3 units. Four single car garages with automatic roll up doors. There is additional parking in front of garages for two more vehicles per door! Additional street parking on both sides of the corner lot! Low vacancy rate with three very long term tenants. The one bedroom is on a one year lease. All other tenants on a month to month rental basis. Buyers to cooperate with sellers 1031 exchange at no liability or cost to the buyers. 30-45 day escrow preferred. Listing agent is co-owner. Long term ownership with the same partners since 2002. This property is a rare opportunity to own an exceptional income producing property in a prime location in Huntington Beach!

Location

1501 Huntington Street

Huntington Beach, Orange, CA, 92648