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125 16th Street

Huntington Beach, CA 92648
  • $8,990,000
  • STATUS: Active Under Contract
  • ON SITE: 46 Days
  • ID#: OC24046070
Under Contract
UPDATED: 159 min ago
$8,990,000
  • 0
    BEDS
  • 0.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1971
County:

School Ratings & Info

Listing Agent(s): Scot Campbell of Coldwell Banker-Campbell Rltrs (714-960-6384) and Michael O'neill II of CB Richard Ellis, Inc.()


Description

Beachwood Apartments is a rare offering being the largest building presently available in Huntington Beach and the closest to the sand. It is located in the 100 block of Downtown Huntington Beach (built on 6 legal lots) and is less than 200 feet from Pacific Coast Highway. This is an owner-user area with the majority of nearby dwellings being condominiums from $1,000,000 to $1,750,000 and SFRs in the $2,000,000 to $6,000,000 range. High income tenants are naturally drawn to this building by nearby attractions including: The soft sands & ridable waves of Surf City, blufftop park/bike path, Beach Playground, Pier, Main Street Village, restaurants, shopping, entertainment, and numerous events (4th of July parade & fireworks, US Open of Surfing, Pacific Airshow, & more). This is the first time the property has been offered for sale in 40 years and is arguably the best investment opportunity for upside rental potential in coastal Orange County. The mix of units includes (two) 3 BR " 2BA units, (three) 2BR " 2BA units, (eleven) 2BR " 1BA units, and (two) 1BR " 1BA units several units have partial ocean views. 24 Garage Spaces. Built in 1971, and individually metered for gas & electric. The building is only 8 blocks from award winning Elementary & Middle Schools " 12 blocks from Huntington Beach High School (which offers the Academy of Performing Arts and Nationally Ranked athletics programs).

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-24T19:38:30.2. 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 or RE/MAX Freedom. Licensed in the State of California, USA.
www.homesinthehighdesert.com/homes/148422806
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125 16th Street Huntington Beach, CA 92648

  • Price: $8,990,000
  • Status: Active Under Contract
  • On Site: 46 Days
  • Updated: 159 min ago
  • ID#: OC24046070
0
Beds
0
Baths
0
½ Baths
0.4
Acres
1971
Built
Neighborhood:
Downtown Area (Down)
County:
Orange
Area:
15 - West Huntington Beach
Property Description
Beachwood Apartments is a rare offering being the largest building presently available in Huntington Beach and the closest to the sand. It is located in the 100 block of Downtown Huntington Beach (built on 6 legal lots) and is less than 200 feet from Pacific Coast Highway. This is an owner-user area with the majority of nearby dwellings being condominiums from $1,000,000 to $1,750,000 and SFRs in the $2,000,000 to $6,000,000 range. High income tenants are naturally drawn to this building by nearby attractions including: The soft sands & ridable waves of Surf City, blufftop park/bike path, Beach Playground, Pier, Main Street Village, restaurants, shopping, entertainment, and numerous events (4th of July parade & fireworks, US Open of Surfing, Pacific Airshow, & more). This is the first time the property has been offered for sale in 40 years and is arguably the best investment opportunity for upside rental potential in coastal Orange County. The mix of units includes (two) 3 BR " 2BA units, (three) 2BR " 2BA units, (eleven) 2BR " 1BA units, and (two) 1BR " 1BA units several units have partial ocean views. 24 Garage Spaces. Built in 1971, and individually metered for gas & electric. The building is only 8 blocks from award winning Elementary & Middle Schools " 12 blocks from Huntington Beach High School (which offers the Academy of Performing Arts and Nationally Ranked athletics programs).
Exterior Features

Architectural Style Traditional Construction Materials Brick VeneerShingle SidingStucco Entry Level 1 Entry Location 1 Foundation Details Slab Lot Features Corner LotRectangular LotSprinkler System Number Of Separate Electric Meters 18 Parking Features Door-SingleGarage Parking Total 24 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Roof Flat Spa Features None Spa YN No View Ocean View YN Yes

Interior Features

Common Walls No Common Walls Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features BikingCurbsFishingStorm Drain(s)Street LightsSidewalksWater Sports Current Financing None Disclosures Coastal Commission Restrictions Electric Electricity - On Property Garage YN Yes Gross Income 0 Gross Scheduled Income 514067 Insurance Expense 13500 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan Net Operating Income 303221 New Construction YN No Number Of Separate Gas Meters 18 Number Of Separate Water Meters 1 Number Of Units Leased 18 Operating Expense 195488 Possession Close Of Escrow Property Sub Type Mixed Use Rent Control YN No Senior Community YN No Sewer Public SewerSewer Tap Paid Special Listing Conditions Standard Tenant Pays ElectricityGasSee Remarks Total Actual Rent 42662 Trash Expense 5353 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Vacancy Allowance 15358 Vacancy Allowance Rate 3 Water Sewer Expense 5063 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-24T19:38:30.2. 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 or RE/MAX Freedom. Licensed in the State of California, USA.
 
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RE/MAX Freedom
12180 Ridgecrest Rd. Building E Ste. 522
Victorville CA, 92395
Listing Agent(s): Scot Campbell of Coldwell Banker-Campbell Rltrs (714-960-6384) and Michael O'neill II of CB Richard Ellis, Inc.()