218 Indianapolis Avenue

218 Indianapolis Avenue

Huntington Beach, CA 92648

$2,695,000
Price
7
Beds
5
Baths
4,500 Sq. Ft.
$599 / Sq. Ft.
4,500
Sq. Ft.
$599
per Sq. Ft.

Open: 5/5 01:00PM - 05:00PM

Open: 5/5 01:00PM - 05:00PM

a view of a white house with potted plants next to yard
an aerial view of a house with outdoor space
an aerial view of a residential apartment building with a yard
a view of a white house with large windows and table
a view of a dinning table and chair in the patio of the house
a view of a white house with a outdoor space
a view of living room and kitchen with furniture
a view of entryway with a garden
a living room with furniture a rug and a chandelier
a large white kitchen with a stove a sink dishwasher and a fireplace with wooden floor
a kitchen with granite countertop a sink cabinets and stainless steel appliances
a living room with furniture and a fireplace
a dining room with furniture and window
a spacious bedroom with a bed and furniture
a bathroom with a granite countertop sink mirror vanity bathtub and a shower
a living room with furniture
a kitchen with kitchen island a sink appliances and wooden floor
a bedroom with furniture and a flat screen tv
a spacious bathroom with a double vanity sink a mirror and shower
a view of a livingroom with tub and door
a view of an empty room with a window and a kitchen
a bathroom with a granite countertop sink and a large mirror
a bed room with a bed and a chandelier
a view of a big room with closet and cabinet
a kitchen with a stove cabinets and a refrigerator
a view of an empty room with a window
a view of a balcony

Description

Huge priced reduction. Don't miss this opportunity! One-of-a-kind Triplex with a huge private custom home in the front and two detached one-bedroom units in the back above the four single car garages. This rare triplex sits on an oversized lot spanning over 7,800 square feet, boasting an impressive 60 feet of frontage, and is a stone's throw away from the beach and Main Street. The centerpiece of this property is the detached stunning, remodeled Spanish-style home. With five bedrooms and three full...Huge priced reduction. Don't miss this opportunity! One-of-a-kind Triplex with a huge private custom home in the front and two detached one-bedroom units in the back above the four single car garages. This rare triplex sits on an oversized lot spanning over 7,800 square feet, boasting an impressive 60 feet of frontage, and is a stone's throw away from the beach and Main Street. The centerpiece of this property is the detached stunning, remodeled Spanish-style home. With five bedrooms and three full bathrooms spread across two spacious levels offering an expansive layout that features coffered ceilings, elegant Spanish arches, and an abundance of natural light. The main level hosts two bedrooms and one full bath, an open living and dining area, a chef's kitchen, and a cozy family room complete with a wet bar and fireplace. Upstairs, you'll find three additional bedrooms and two full bathrooms, including an oversized master suite with a spacious floor plan, fireplace, walk-in closet, and ensuite shower & tub combo. The home has been thoughtfully upgraded with brand-new windows and coverings, luxury vinyl flooring, paint, and stainless-steel appliances. The exterior of the property has been equally enhanced featuring a new concrete driveway for three cars, a private deck with all new fencing, and newly installed sprinkler drip system with beautiful water-efficient landscaping featuring a variety of fruit and vegetable plants. In addition to the main house, this property also includes two oversized units tucked away in the back, each with one bedroom that will be delivered vacant and awaiting your personal touch. These units offer ultimate privacy from the main home, with their own entrance through the alley, private single-car garages, shared laundry & BBQ area, and two balconies each. This is a unique opportunity to create a multigenerational living space for your extended family or obtain monthly passive income north of $2,700 per unit. Whether you're an astute investor seeking a lucrative opportunity or an eager homeowner envisioning your forever home with the benefit of two additional units, this property offers boundless potential. With a gross monthly income exceeding $13,400 if fully rented, this is your chance to secure a generational asset in one of the most sought-after locations in Huntington Beach.
  1. Listed by Kamfar Kyle Mirrafati • DRE #01911204 • Brokerage DRE #01469842 • Matthews Real Estate Investment Services

Property Details for 218 Indianapolis Avenue

Style
Spanish
Parcel Number
02418116
Total Units
3.0
Living Area
4500
Source Living Area
Estimated
Area
West Huntington Beach (15)
Subdivision Name
Downtown Area
Vacancy Rate
100

Open Houses

Sunday, May 5th

1:00 PM - 5:00 PM

PublicView Details

Location

Listing Courtesy of Matthews Real Estate Investment Services, Kamfar Kyle Mirrafati, DRE #01911204
Add your commute
LISTING UPDATED: 04/30/2024 07:53 AM

Property Details for 218 Indianapolis Avenue

StatusActive
MLS #24-373801
Days on Market25
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1976
Lot Size0.18 AC / 7,841 SF
CountyOrange County

Location

Listing Courtesy of Matthews Real Estate Investment Services, Kamfar Kyle Mirrafati, DRE #01911204
Add your commute

Building Information for 218 Indianapolis Avenue

Stories2Residences-Year Built1976Building Size-Lot Size0.18 AC / 7,841 SF

Payment Calculator

$16,678 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,708

Property Taxes

$1,970

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 218 Indianapolis Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 3
  • Senior Community: No
  • Builders Tract Name: Downtown Area
Structure Info
Structure Info
  • Year Built Source: Estimated
  • Number Of Stories: 2
  • Number Of Buildings: 2
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $155,976
  • Net Operating Income: $114,723.00
  • Gross Income: $160,800
  • Cap Rate: 4.31%
  • Gross Rent Multiplier: $16.76
  • Owner Pays: Water
  • Total Annual Expense: 41253
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.18
  • Lot Size Square Feet: 7841
Parking Details
Parking Details
  • Parking Garage: Driveway, Private, Private Garage
  • Total Parking: 7
  • Open Other Spaces Total: 3
  • Garage Spaces Total: 4
  • Parking Features: Driveway, Private
  • Garage Structures Total: 4.0
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Central
  • Heating Type: Central
  • Equipment: Dishwasher, Microwave, Gas Or Electric Dryer Hookup
  • Common Walls: Detached/No Common Walls
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-09-2024
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 5
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $8,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $295,026.00
  • Assessed Improvement Percent: 14.16
  • Assessed Land Value: $1,787,797.00
  • Assessed Land Percent: 85.84
  • Assessed Total Value: $2,082,823.00

Property History for 218 Indianapolis Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 218 Indianapolis Avenue

Taxable ValueLand$1,787,797Additions$295,026Total$2,082,823
Tax Record2023$23,636 ($1,970 / month)
Home Facts
Beds3Total Finished SqFt1,422 SqFtAbove Grade Finished SqFt1,422 SqFtStories1Lot Size6,900 SqFtStyleSingle Family ResidenceYear Built1976CountyORANGEAPN024-181-16

Schools near 218 Indianapolis Avenue

This home is within Huntington Beach City Elementary School District.
Rating
School
Type
Grades
Distance
Agnes L. Smith Elementary School
Public - K to 5
Ethel Dwyer Middle School
Public - 6 to 8
Huntington Beach High School
Public - 9 to 12
Kinetic Academy
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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

Homes for Sale near West Huntington Beach

Neighborhoods

Cities

ZIPs

More information about 218 Indianapolis Avenue, Huntington Beach, CA 92648

218 Indianapolis Avenue is a multi-family home for sale in Huntington Beach, CA 92648. This property was listed for sale on April 9, 2024 by Matthews Real Estate Investment Services, it's currently listed at $2,695,000. It has been on the market for a total of 25 days and was last sold on June 14, 2022. 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. 218 Indianapolis Avenue is a 7-bed, 5-bath, 4,500 sqft multi-family home built in 1976.

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 Matthews Real Estate Investment Services, Kamfar Kyle Mirrafati, DRE #01911204

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.