212 15th Street

Huntington Beach, CA 92648

$4,000,000
Price
13
Beds
8
Baths
6,538 Sq. Ft.
$612 / Sq. Ft.
6,538
Sq. Ft.
$612
per Sq. Ft.

Description

212 15th Street in Downtown Huntington Beach is a rare offering being just 1.5 blocks from the beach. It is located in the 200 block (two 25 foot lots + 15 foot portion of adjacent lot). This is an owner-user area with the majority of nearby dwellings being condominiums from $1,000,000 to $1,500,000 and SFRs in the $1,750,000,000 to $6,000,000 range. High income tenants are naturally drawn to the area by nearby attractions including: The soft sands & ridable waves of Surf City, blufftop park/bike...212 15th Street in Downtown Huntington Beach is a rare offering being just 1.5 blocks from the beach. It is located in the 200 block (two 25 foot lots + 15 foot portion of adjacent lot). This is an owner-user area with the majority of nearby dwellings being condominiums from $1,000,000 to $1,500,000 and SFRs in the $1,750,000,000 to $6,000,000 range. High income tenants are naturally drawn to the area by nearby attractions including: The soft sands & ridable waves of Surf City, blufftop park/bike path, Beach Playground, Pier, Main Street Village, restaurants, shopping, entertainment, and numerous events (4th of July parade & fireworks, US Open of Surfing, Pacific Airshow, & more). This is the first time the property has been offered for sale in 40 years and is arguably the best (small residential income) investment opportunity for upside rental potential in coastal Orange County. The mix of units includes (five) 2 BR – 1BA units, (three) 1BR – 1BA units. 8 Garage Spaces + 4 Open Spaces. Built in 1970, and individually metered for gas & electric. The building is only 6 blocks from award winning Elementary & Middle Schools – 10 blocks from Huntington Beach High School (which offers the Academy of Performing Arts and Nationally Ranked athletics programs). Fantastic upside potential - Current rents can be increased significantly to estimated market levels. Contact Listing Agent for rental projections. Given its proximity to beach and Main Street Village, this offering represents an attractive opportunity to rehab and substantially increase rental income for the long term income property investor.
  1. Listed by Scot Campbell • DRE #00943759 • Brokerage DRE #01235106 • Coldwell Banker-Campbell Rltrs • 714-336-0394
  2. Listed by Michael O'Neill II • DRE #02036937 • Brokerage DRE #00409987 • CB Richard Ellis, Inc.

Property Details for 212 15th Street

Architectural Style
Traditional
View
None
Parking Spaces Total
12
Private Pool
No
Total Units
8.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
6538

Location

Listing Courtesy of Coldwell Banker-Campbell Rltrs, Scot Campbell, DRE #00943759; CB Richard Ellis, Inc., Michael O'Neill II, DRE #02036937
Add your commute
LISTING UPDATED: 04/17/2024 08:11 AM

Property Details for 212 15th Street

StatusActive
MLS #OC24051075
Days on Market50
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1970
Lot Size0.18 AC / 7,841 SF
CountyOrange County

Location

Listing Courtesy of Coldwell Banker-Campbell Rltrs, Scot Campbell, DRE #00943759; CB Richard Ellis, Inc., Michael O'Neill II, DRE #02036937
Add your commute

Building Information for 212 15th Street

Stories2Residences-Year Built1970Building Size-Lot Size0.18 AC / 7,841 SF

Payment Calculator

$25,181 per month

30 year fixed, 7.25% Interest

Principal and Interest

$21,830

Property Taxes

$3,351

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 212 15th Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $219,168
  • Gross Scheduled Income: $219,168
  • Gross Spendable Income: $133,555
  • Vacancy Allowance: 6575
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $220,012
  • Net Operating Income: $135,555
  • Other Income Description: $844 in Laundry income in GSI
  • Gross Multiplier: 18.25
Expense Details
  • Operating Expense: $77,882
  • Operating Expense Percent: 35.00%
  • New Taxes Expense: $44,005
  • Gardener Expense: $1,800
  • Electric Expense: $461
  • Insurance Expense: $6,000
  • Professional Management Expense: $10,976
  • Other Expense: $8,775
  • Other Expense Description: See OM
  • Trash Expense: $2,821
  • Water Sewer Expense: $3,044
  • Total Expenses: $77,882
Tax / Assessment Info
  • Tax Block: 214
  • Tax Tract Number: 352
  • Tax Census Tract: 993.10
  • Tax Lot: 12
Community / Development
Community / Development
  • Community Features: Biking, Curbs, Fishing, Gutters, Watersports, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
  • Heating Type: Natural Gas
  • Heating: Natural Gas
Exterior Features
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Roof: Flat
  • Entry Location: 1
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Lot Features: Rectangular Lot
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Sewer Paid
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Electricity - On Property
  • Water Source: Public
Parking Info
  • Garage Spaces: 8
  • Parking: Yes
  • Parking Garage: Driveway, Garage
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 8
  • Carport Spaces: 0
  • Parking Features: Driveway, Garage
Property / Structure Info
  • Builders Tract Name: Downtown Area
  • Builders Tract Code: Downtown Area (DOWN)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,300
  • Unit Type Total Rent: $2,300
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Partially
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,052
  • Unit Type Total Rent: $2,052
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $2,200
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,376
  • Unit Type Total Rent: $2,376
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,376
  • Unit Type Total Rent: $2,376
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,400
  • Unit Type Total Rent: $2,400
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,400
  • Unit Type Total Rent: $2,400
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 7
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,160
  • Unit Type Total Rent: $2,169
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 8
Unit Information
  • Number Of Units Leased: 8
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 8
  • Number With Range: 8
  • Number With Disposal: 8

Property History for 212 15th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 212 15th Street

Taxable ValueLand$3,171,839Additions$296,161Total$3,468,000
Tax Record2023$40,210 ($3,351 / month)
Home Facts
Total Finished SqFt6,538 SqFtAbove Grade Finished SqFt6,538 SqFtStories2Lot Size7,630 SqFtStyleMulti-Family Res (5+ Units)Year Built1970CountyORANGEAPN024-031-15

Schools near 212 15th Street

This home is within Huntington Beach City Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Agnes L. Smith Elementary School
PublicK to 5

Ethel Dwyer Middle School
Public6 to 8

Huntington Beach High School
Public9 to 12

Kinetic Academy
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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212 15th Street is a mixed use property for sale in Huntington Beach, CA 92648. This property was listed for sale on March 13, 2024 by Coldwell Banker-Campbell Rltrs, it's currently listed at $4,000,000. This listing's school districts are Huntington Beach City Elementary School District, Huntington Beach Union High School District. Nearby schools include Agnes L. Smith Elementary School, Ethel Dwyer Middle School and Huntington Beach High School. 212 15th Street is a 13-bed, 8-bath, 6,538 sqft mixed use property built in 1970.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker-Campbell Rltrs, Scot Campbell, DRE #00943759; CB Richard Ellis, Inc., Michael O'Neill II, DRE #02036937

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.