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MLS:24-350231

7681 Ellis, Huntington Beach, CA 92648

Priced at: $2,845,000
Bedrooms:
12
Bathrooms (Full):
0
Bathrooms (Half):
0
Living Area SqFt:
5,155 Sq Ft
Lot SqFt:
6,098 Sq Ft
Year Built:
1964
We are pleased to present this turnkey 5 unit apartment community located in the heart of Huntington Beach, at an in-place 5.04% cap rate (proforma 5.12%) and 14.59 GRM. This asset comprises an attractive unit mix of two 3-Bed/2-Bath units (~1,100 SF each) & three 2-Bed/1.5-Bath townhomes (~990 SF each). The property - interior and exterior - has been upgraded and professionally designed over the course of the last ~12 months, including windows, kitchens, bathrooms, lighting, appliances (including laundry in each unit), flooring, exterior paint, lighting & landscaping, roof (2019), partial plumbing and electric. In addition, the property now boasts a spectacular ~1,100 SF 3-Bed/2-Bath ADU. Qualified, market-rate, long-term tenants in place, these units leased FAST due to exquisite exterior and interior design, amenities like brand new kitchens & baths, private outdoor spaces, in-unit laundry, AC (ADU), and townhome-style layouts (3 units). Separate gas and electrical meters for each unit. NO LOCAL RENT CONTROL - subject only to AB 1482. Four on-site parking spaces too. Located in prime Orange County in one of the strongest rental markets. Short distance to beaches, HB Pier, neighborhood shopping center, grocery stores, trails and more.

Fees

Tenant Pays:
Cable TV, Electricity, Gas

Features

Equipment/ Appliances:
  • Built-Ins
  • Cable
  • Ceiling Fan
  • Dishwasher
  • Dryer
  • Electric Dryer Hookup
  • Ice Maker
  • Hood Fan
  • Freezer
  • Range/Oven
  • Refrigerator
  • Washer
  • Other
  • Microwave
Parking:
  • Assigned
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MLS: 24-350231
7681 Ellis, Huntington Beach, CA 92648
Price: $2,845,000
Listing courtesy of Kape Property Management, Inc.

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"Property information shown has been provided from various sources, which can include the seller and/or public records. It is believed reliable but not guaranteed and should not be relied upon without independent verification."

Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. All dimensions are estimates only and may not be exact measurements. Square Footages are approximate. Floor plans and development plans are subject to change. The sketches, renderings, graphic materials, plans, specifics, terms, conditions and statements are proposed only, and the developer, the management company, the owners and other affiliates reserve the right to modify, revise or withdraw any or all of same in their sole discretion and without prior notice. All pricing and availability is subject to change. The information is to be used as a point of reference and not a binding agreement.

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