2501 Florida ST Huntington Beach, CA 92648
Active
$3,250,000
2%
6 Units
8 Beds
9 Baths
6,605 Area(sq.ft.)
9,472 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 1,760 | $ 1,760 | $ 2,425 |
| Unit 2 | 1 | 2 | 2 | No | $ 2,937 | $ 2,937 | $ 3,250 |
| Unit 3 | 3 | 2 | 3 | No | $ 3,284 | $ 3,284 | $ 3,550 |
| Unit 4 | 1 | 3 | 3 | No | $ 3,017 | $ 3,017 | $ 3,795 |
| 4 | 6 | 12 | 15 | $ 17,566 | $ 17,566 | $ 20,120 |
| MLS #: | OC24185301MR |
| Days On Market: | 87 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 492 |
| Price per unit: | $ 541,667 |
| Year Built: | 1977 |
Property Details
Florida Street Townhomes is a 6-unit value-add investment opportunity with projected obtainable rental upside. The property has undergone a partial renovation including interiors along with recent exterior woodwork, paint and roof. Florida features strong in-place cashflow with upside as neighboring property (directly adjacent property) has proven market rents. The residents of Florida Street enjoy access to world class beaches, entertainment venues and easy access to the top employment centers in Southern California. The property is comprised of large (1) one bedroom, one-bath, (1) two-bedroom, two-bath, (3) two-bedroom, two and one half bath townhomes, and (1) three-bedroom, two and one half bath townhome. The units are 1,100 SQFT on average. The property has 11 total garage spaces, ten of which are direct access. Partial interior renovation includes, quartz/granite counters, upgraded cabinets, stainless appliances, dishwashers, tile and vinyl plank flooring, and side by side washer/dryers. Each unit features an enclosed patio or exterior balcony, the three bedroom unit includes both.Interested in this Listing?
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Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 55,314 |
| Net Operating Income: | $ 154,678 |
| Cap Rate: | 4.69% |
Structure
| Community Features: | Biking |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | R-3 |
| Land Lease Type: | Fee |
| Parking Garage: | Direct Entrance |
| Total Parking: | 11 |
Interior
| Laundry: | Dryer, Dryer Included, Gas Dryer Hookup, Washer, Washer Hookup, Washer Included |
| Laundry Equipment: | Own |
Exterior
| Pool: | No |
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