1008 Florida Street , A

    Huntington Beach, CA 92648
    • $1,440,000
    • STATUS: Active
    • ON SITE: 20 days
    • ID#: PW19229664
    UPDATED: 209 min ago
    $1,440,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,604
      SQFT
    • $553
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    An investor looking to begin building a portfolio and provide for their own housing can purchase the property and begin building equity at a very reasonable price. With rents in the area for remodeled two bedrooms in the $2,400-$2,800 range, an investor/owner can acquire the property and after taxes and insurance and all expenses associated with owning rental property the owner will only need to pay themselves $3,899 per month to own a property 1 mile from the beach. Two bedroom units rent for between a low of $2,045 ($2.87/SF) and as high as $3,100. An investor who maintains the property in it+GGs current condition will continue to benefit from an ease of management property in a improving location. The residential component of Pacific City will add units targeting high net worth individuals. Pacific City 2 bedrooms are currently starting at $3,900 and are filling up as fast as they are completed. The availability of these high end units will attract tenants that want to live close to Pacific City but want to pay slightly less for a great location. 1008 Florida with it+GGs tastefully remodeled twos, private patio spaces, and garages will continue to attract tenants with increasing disposable income.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-17T00:35:15.083. 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 Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/99385371

    1008 Florida Street , A Huntington Beach, CA 92648

    • Price: $1,440,000
    • Status: Active
    • Updated: 209 min ago
    • ID#: PW19229664
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    2,604
    SQFT
    $553
    $/SQFT
    1958
    Built
    Neighborhood:
    Yorktowne (York)
    County:
    Orange
    Area:
    14 - South Huntington Beach
    Property Description
    An investor looking to begin building a portfolio and provide for their own housing can purchase the property and begin building equity at a very reasonable price. With rents in the area for remodeled two bedrooms in the $2,400-$2,800 range, an investor/owner can acquire the property and after taxes and insurance and all expenses associated with owning rental property the owner will only need to pay themselves $3,899 per month to own a property 1 mile from the beach. Two bedroom units rent for between a low of $2,045 ($2.87/SF) and as high as $3,100. An investor who maintains the property in it+GGs current condition will continue to benefit from an ease of management property in a improving location. The residential component of Pacific City will add units targeting high net worth individuals. Pacific City 2 bedrooms are currently starting at $3,900 and are filling up as fast as they are completed. The availability of these high end units will attract tenants that want to live close to Pacific City but want to pay slightly less for a great location. 1008 Florida with it+GGs tastefully remodeled twos, private patio spaces, and garages will continue to attract tenants with increasing disposable income.
    Exterior Features

    Garage Spaces 4.00 Lot Features Front YardGarden Lot Size Source Assessor Lot Size Units Square Feet Parking Features GarageGarage - Single Door Parking Total 4.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Outside Levels One

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Dog ParkParkUrban Country Us Electric Expense 224.00 Elevation Units Feet Fuel Expense 360.00 Gardener Expense 1500.00 Gross Income 81480.00 Gross Operating Income 81480.00 Gross Scheduled Income 81480.00 Insurance Expense 3010.00 Land Lease YN No Laundry YN Yes Net Operating Income 55648.00 New Construction YN No New Taxes Expense 16388.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 3 Number With Dishwasher 3 Number With Range 3 Number With Refrigerator 3 Operating Expense 25832.00 Pest Control Expense 900.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Yorktowne (York) Tenant Pays Cable TvElectricityTelephone Total Expenses 25832.00 Trash Expense 1200.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 150.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Justin White of Justin White


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-17T00:35:15.083. 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 Allison James Estates and Homes. Licensed in the State of California, USA.
     
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