301 Utica Avenue

Huntington Beach, CA 92648

$2,205,000
Last Sold Price
9
Beds
6
Baths
4,754 Sq. Ft.
$464 / Sq. Ft.
4,754
Sq. Ft.
$464
per Sq. Ft.

Description

We are pleased to offer a unique opportunity to acquire 301 Utica Avenue, a well-maintained pride of ownership four-unit (4) apartment building located in a rapidly evolving neighborhood of Yorktown in beautiful Huntington Beach. Built in 1976, this 4,754 SqFt building sits on a large corner lot featuring a great unit mix of three (3) large townhome units and one (1) single level upstairs unit with five (5) single car garages plus six (6) additional parking spaces and an on-site laundry facility...We are pleased to offer a unique opportunity to acquire 301 Utica Avenue, a well-maintained pride of ownership four-unit (4) apartment building located in a rapidly evolving neighborhood of Yorktown in beautiful Huntington Beach. Built in 1976, this 4,754 SqFt building sits on a large corner lot featuring a great unit mix of three (3) large townhome units and one (1) single level upstairs unit with five (5) single car garages plus six (6) additional parking spaces and an on-site laundry facility for tenant convenience. The property features a beautiful three-bedroom/two and a half-bathroom townhome "owner's" unit with central heat, large walk-in closets, washer/dryer hookups, new counter tops, and flooring. The property is in excellent condition with all replaced plumbing throughout, and all the units contain fireplaces, private patios or balconies, and high ceilings with plenty of natural light. With this rare buying opportunity, an investor will have the opportunity to purchase a pride of ownership property and take advantage of the fundamentals fueling the rental neighborhood of the Huntington Beach community for decades to come.
  1. Listed by Kamfar Kyle Mirrafati • DRE #01911204 • Brokerage DRE #01469842 • Matthews Real Estate Investment Services

Property Details for 301 Utica Avenue

Parcel Number
02507135
Total Units
4.0
Living Area
4754
Source Living Area
Vendor Enhanced
Area
West Huntington Beach (15)
Vacancy Rate
3%
Lot Size Area
8276
Source Lot Size Area
Vendor Enhanced

Location

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

Sold By Nestegg Inc., Emmanuel Ramos, DRE #01826507

Add your commute
LISTING UPDATED: 07/26/2023 08:55 AM

Property Details for 301 Utica Avenue

StatusSold
MLS #23-276579
Days on Market13
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1976
Lot Size0.19 AC / 8,276 SF
CountyOrange County

Location

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

Sold By Nestegg Inc., Emmanuel Ramos, DRE #01826507

Add your commute

Building Information for 301 Utica Avenue

Stories2Residences-Year Built1976Building Size-Lot Size0.19 AC / 8,276 SF

Payment Calculator

$12,684 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,034

Property Taxes

$650

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 301 Utica Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Water Heaters: Yes
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: Actual
  • Gross Operating Income: $97,678
  • Net Operating Income: $62,266.00
  • Gross Income: $100,440
  • Cap Rate: 2.77%
  • Gross Rent Multiplier: $22.35
  • Total Annual Expense: 35412
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.19
  • Lot Size Square Feet: 8276
Parking Details
Parking Details
  • Parking Garage: Garage Is Detached, Garage - 1 Car
  • Total Parking: 11
  • Open Other Spaces Total: 6
  • Garage Spaces Total: 5
  • Parking Features: Garage - Single Door
  • Attached Garage: No
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
  • Heating Type: Other
  • Equipment: Other
  • Laundry: Community
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-05-2023
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $2,700.00
  • Unit Actual Rent: $2,700.00
  • Unit Projected Rent: $3,900.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,900.00
  • Unit Actual Rent: $1,900.00
  • Unit Projected Rent: $2,950.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,870.00
  • Unit Actual Rent: $1,870.00
  • Unit Projected Rent: $2,950.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,900.00
  • Unit Actual Rent: $1,900.00
  • Unit Projected Rent: $2,850.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $418,506.00
  • Assessed Improvement Percent: 69.39
  • Assessed Land Value: $184,641.00
  • Assessed Land Percent: 30.61
  • Assessed Total Value: $603,147.00

Property History for 301 Utica 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 301 Utica Avenue

Taxable ValueLand$188,333Additions$426,876Total$615,209
Tax Record2023$7,805 ($650 / month)
Home Facts
Total Finished SqFt4,754 SqFtAbove Grade Finished SqFt4,754 SqFtStories2Lot Size8,283 SqFtStyleQuadraplexYear Built1976CountyORANGEAPN025-071-35

Schools near 301 Utica Avenue

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
John R. Peterson 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

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Similar Sold Homes

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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.