2202 Hess Circle

    Huntington Beach, CA 92648
    • $7,400,000
    • STATUS: Active
    • ON SITE: 112 days
    • ID#: OC19153300
    UPDATED: 55 min ago
    $7,400,000
    • 0
      BEDS
    • 1.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 17,673
      SQFT
    • $419
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1981
    County:

    School Ratings & Info

    Description

    Located in the beach community of Huntington Beach, CA, this 17-unit gated apartment complex sits upon a large 49,223 square foot lot. Built in 1981, the unit mix consists of: Two (2), 3 Bed / 2.5 Townhomes, Three (3), 2 Bed / 1.5 Bath Townhomes with a Den, Eleven (11), 2 Bed / 1.5 Bath Townhomes, and One (1), 1 Bed / 1 Bath. All units have individual water heaters, and tenants have access to a laundry room, 2-car garages, and a tennis court. Located only 1.4 miles from the beach, this investment opportunity is truly a tenant+GGs paradise.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-19T00:36:24.343. 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/96401549

    2202 Hess Circle Huntington Beach, CA 92648

    • Price: $7,400,000
    • Status: Active
    • Updated: 55 min ago
    • ID#: OC19153300
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.13
    Acres
    17,673
    SQFT
    $419
    $/SQFT
    1981
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Orange
    Area:
    699 - Not Defined
    Property Description
    Located in the beach community of Huntington Beach, CA, this 17-unit gated apartment complex sits upon a large 49,223 square foot lot. Built in 1981, the unit mix consists of: Two (2), 3 Bed / 2.5 Townhomes, Three (3), 2 Bed / 1.5 Bath Townhomes with a Den, Eleven (11), 2 Bed / 1.5 Bath Townhomes, and One (1), 1 Bed / 1 Bath. All units have individual water heaters, and tenants have access to a laundry room, 2-car garages, and a tennis court. Located only 1.4 miles from the beach, this investment opportunity is truly a tenant+GGs paradise.
    Exterior Features

    Garage Spaces 16.00 Lot Features Lawn Lot Size Source Assessor Lot Size Units Square Feet Parking Total 33.00 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 Community Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Sidewalks Country Us Electric Expense 1707.00 Elevation Units Feet Fuel Expense 4794.00 Gross Income 408040.00 Gross Scheduled Income 35055.00 Insurance Expense 5100.00 Land Lease YN No Laundry YN Yes Net Operating Income 258858.00 New Construction YN No New Taxes Expense 85919.00 Number Of Separate Electric Meters 18 Number Of Separate Gas Meters 18 Number Of Separate Water Meters 1 Operating Expense 153982.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 35055.00 Total Expenses 153982.00 Trash Expense 5407.00 Water Sewer Expense 8979.00 Water Source Public Year Built Source Assessor Zoning R3

    Listing provided courtesy of Pat Swanson of Pat Swanson


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-19T00:36:24.343. 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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