7871 Newman Avenue

    Huntington Beach, CA 92647
    • $1,299,999
    • STATUS: Active
    • ON SITE: 134 days
    • ID#: OC19129223
    UPDATED: 38 min ago
    $1,299,999
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,000
      SQFT
    • $433
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    Excellent income producing triplex plus 1 storage/studio. One 3 beds/1 bath and two 2 beds/1 bath and 1 storage. All unit have laundry room and own backyard. New owner can easily raise rent to market level. Market rent for each unit should be $1,800. All rental are below market level. Current rent is $1,750, $1700, $1600, and $400 ($65,400 per year). Current owner only pay for water ($120 per month). Tenants pay all other utilities. Very convenience for renter as it is close to Walmart, banks, and hospital. Only 4 miles from the beach. This property has a huge lot, 9,000+ square foot.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-16T20:39:24.95. 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/95450757

    7871 Newman Avenue Huntington Beach, CA 92647

    • Price: $1,299,999
    • Status: Active
    • Updated: 38 min ago
    • ID#: OC19129223
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    3,000
    SQFT
    $433
    $/SQFT
    1963
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    14 - South Huntington Beach
    Property Description
    Excellent income producing triplex plus 1 storage/studio. One 3 beds/1 bath and two 2 beds/1 bath and 1 storage. All unit have laundry room and own backyard. New owner can easily raise rent to market level. Market rent for each unit should be $1,800. All rental are below market level. Current rent is $1,750, $1700, $1600, and $400 ($65,400 per year). Current owner only pay for water ($120 per month). Tenants pay all other utilities. Very convenience for renter as it is close to Walmart, banks, and hospital. Only 4 miles from the beach. This property has a huge lot, 9,000+ square foot.
    Exterior Features

    Garage Spaces 0.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 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 1 Common Wall Laundry Features Inside Levels One

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Park Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 0.00 Gross Scheduled Income 65400.00 Insurance Expense 1000.00 Land Lease YN No Laundry YN Yes Net Operating Income 48180.00 New Construction YN No New Taxes Expense 14300.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 3 Operating Expense 3440.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Na Total Expenses 17220.00 Trash Expense 480.00 Water Sewer Expense 1440.00 Water Source Well Year Built Source Public Records

    Listing provided courtesy of Khoa Ha of Khoa Ha, Broker


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-16T20:39:24.95. 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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