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709 Palm Ave

Huntington Beach, CA 92648 View Map $4,550,000 Schedule a Tour
Sq.Ft. Lot7,605
Year1970
Nichole Burke

Nichole Burke

(714) 887-6600
DRE No.: 01466946

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Status: Active
Property Type:Residential Income (Multi-Family)
MLS #:OC22165024
On Site:16 Days
Lot Size:7,605 Sq. Ft.
County:Orange
> Location, Location, Location!!!
> Downtown Huntington Beach
> Less than three blocks to the Beach and Pier
> 100% Turnkey Asset
> All Units have been remodeled in the past 12 months
> (5) 2 Bedroom / 1 Bath, (3) 1 Bedroom / 1 Bath Units
> 3.51% CAP Rate on Actuals

Listing Agent/Office

Agent Name:Pat Swanson
Office Name:Pat Swanson

Mortgage Calculator

$000 Monthly Payment
Loan and interest only.

Detailed Maps

Community Information

Address:709 Palm Ave Huntington Beach, CA 92648
County:Orange
Zip Code:92648

Architecture

Year Built:1970
Stories:2
Building Area: 6698.0
Number of Buildings: 1
Total Units: 8
Stories Total: 2
Unit 2: 3 Units•1 Bed•1 Bath•Unfurnished•$1,995 actual rent•$5,985 total rent•$6,585 pro forma
Garage Spaces: 8.0
Parking Total: 8.0

Features / Amenities

Common Walls: 2+ Common Walls

Property Features

Lot Size: 0.17 Acres / 7,605 Sq. Ft.
Lot Features: Corner Lot
Sewer: Public Sewer
Water: Public

Tax and Financial Info

Gross Income: $231,489
Gross Scheduled Income: $233,520
Net Operating Income: $159,793
Electric Expense: $4,845
Insurance Expense: $2,396
Trash Expense: $2,557
Operating Expense: $71,696
Terms: Cash, CashtoNewLoan, Item1031Exchange
Total Actual Rent: $19,460
Land Lease: No

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709 Palm Ave Huntington Beach, CA 92648
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709 Palm Ave Huntington Beach, CA 92648
 
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Listing agent / office Pat Swanson, Pat Swanson.
Based on information from California Regional Multiple Listing Service, Inc. as of August 11, 2022. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.