Est. cap rate

2.2%

Assumed rent, all units

$7,620/mo

Units

3

Price per unit

$698,333

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

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

1

MLS #

248220429

About this property

This unique street-to-street lot is open on three sides and is literally steps from sand & sea! Enjoy coastal living located in one of OC’s most desirable unique 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 options for both end-users and investors. Use some or all units for long term rentals or Short Term Rentals, (STR's are allowed, verify w/City of HB). This property delivers outstanding versatility for multi-generational living, guests, or income-generating rental use. Just moments from both downtown Huntington Beach & Seal Beach. There are 3 units on this single lot. Property will be delivered fully vacant. The front main house is a detached two-story 2 bedroom, 1 bath home w/ balcony (approx 1,000 sf). 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 ** Property located in Low Flood Zone Call/Text Johnny with any questions. Please text to arrange a showing. Include with your offer: 1) Proof of funds on bank statement. 2) FICO scores. 3) Lender pre-approval letter. Thank you for showing. Due to the age of the buildings, buyer to verify permits, size and condition of the property.

Location

16432 25th Street

Sunset Beach, Orange, CA, 90742