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    7801 Sycamore Drive

    Huntington Beach, CA 92647
    • $1,600,000
    • STATUS: CONTINGENT
    • ON SITE: 38 days
    • ID#: 302576782
    Under Contract
    UPDATED: 72 min ago
    $1,600,000
    • 9
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1974
    County:

    School Ratings & Info

    Description

    This HB 4plex was just extensively remodeled including new kitchens, bathrooms, flooring, energy efficient lighting, updated switches and outlets, new exterior and interior paint and more. With current rents that are close to fair market value, this building generates solid gross scheduled income of over $108,000. The smart unit mix includes one 3 bedroom/2 bath unit over the garages and three 2 bedroom/1 bath units on the ground floor. Resident amenities include onsite laundry room (owner-owned machines This HB 4plex was just extensively remodeled including new kitchens, bathrooms, flooring, energy efficient lighting, updated switches and outlets, new exterior and interior paint and more. With current rents that are close to fair market value, this building generates solid gross scheduled income of over $108,000. The smart unit mix includes one 3 bedroom/2 bath unit over the garages and three 2 bedroom/1 bath units on the ground floor. Resident amenities include onsite laundry room (owner-owned machines generate approximately $300 a month), a large fenced private back patio area, a large 1 car garage for each unit, plus additional onsite parking. This building is conveniently located in a designated Qualified Opportunity Zone, which can offer potential tax advantages to savvy investors while generating nearly a 5% cap rate with current income.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.dreamlivingsd.com/homes/107402079
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    7801 Sycamore Drive Huntington Beach, CA 92647

    • Price: $1,600,000
    • Status: CONTINGENT
    • Updated: 72 min ago
    • ID#: 302576782
    9
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1974
    Built
    Neighborhood:
    Oc - Huntington Beach (92647)
    County:
    Orange
    Area:
    Oc - Huntington Beach (92647)
    Property Description
    This HB 4plex was just extensively remodeled including new kitchens, bathrooms, flooring, energy efficient lighting, updated switches and outlets, new exterior and interior paint and more. With current rents that are close to fair market value, this building generates solid gross scheduled income of over $108,000. The smart unit mix includes one 3 bedroom/2 bath unit over the garages and three 2 bedroom/1 bath units on the ground floor. Resident amenities include onsite laundry room (owner-owned machines This HB 4plex was just extensively remodeled including new kitchens, bathrooms, flooring, energy efficient lighting, updated switches and outlets, new exterior and interior paint and more. With current rents that are close to fair market value, this building generates solid gross scheduled income of over $108,000. The smart unit mix includes one 3 bedroom/2 bath unit over the garages and three 2 bedroom/1 bath units on the ground floor. Resident amenities include onsite laundry room (owner-owned machines generate approximately $300 a month), a large fenced private back patio area, a large 1 car garage for each unit, plus additional onsite parking. This building is conveniently located in a designated Qualified Opportunity Zone, which can offer potential tax advantages to savvy investors while generating nearly a 5% cap rate with current income.
    Exterior Features

    Pool N/K Site Sidewalks

    Interior Features

    Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Units With Range Oven 4

    Property Features

    Actual Cap Rate 5.0 Annual Expense Actual 25321 Assessments N/K Buildings 1 Gross Scheduled Income Actual 108300 Home Owners Fees 0.0 Possession Close Of Escrow Tenant Pays Cable TvElectricityGas/Propane Terms CashConventional Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 2600.0 Unit2 Rent Actual 2000.0 Unit3 Rent Actual 2100.0 Unit4 Rent Actual 2025.0 Water Meter On Property

    Listing provided courtesy of Coldwell Banker Realty. Listing information © 2020 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
     
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