317 22nd Street

Huntington Beach, CA 92648

$2,750,000
Price
9
Beds
8
Baths
4,101 Sq. Ft.
$671 / Sq. Ft.
4,101
Sq. Ft.
$671
per Sq. Ft.

Description

317 22nd Street in Downtown Huntington Beach was one of the last double (50 foot) lot fourplexes constructed on the Downtown Numbered Streets before custom builders switched to the development of 2 & 3 story SFRs constructed on 25 foot wide lots. Most fourplexes built in the area are in the 3600 to 3900 square foot range; however, this building is 4101 square feet due to an excellent design & rear 2nd floor cantilever. There are 3 fourplexes on the 300 block of 22nd St, the other structures both...317 22nd Street in Downtown Huntington Beach was one of the last double (50 foot) lot fourplexes constructed on the Downtown Numbered Streets before custom builders switched to the development of 2 & 3 story SFRs constructed on 25 foot wide lots. Most fourplexes built in the area are in the 3600 to 3900 square foot range; however, this building is 4101 square feet due to an excellent design & rear 2nd floor cantilever. There are 3 fourplexes on the 300 block of 22nd St, the other structures both in front and behind are single lot SFRs (which are valued in the $1.75 to $2.5 million range). This building defines a fourplex which is suitable for an “owner-user” who intends to occupy one of the units (full time or as a "beach close" second home). 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, & numerous events (4th of July parade & fireworks, US Open of Surfing, Pacific Airshow, & more). The building next door 321 22nd Street is also available. This is the first time these properties (317 & 321 22nd St) have been offered for sale in 40 years. They are arguably the best owner user quality buildings that have come on the market in several years. The mix of units includes (two) 3 BR – 2.5 BA units, (one) 2 BR – 1 Ba unit, and (one) 1BR – 1BA unit. Each 3 bedroom unit has two garage spaces, and there is one garage space each for the other two units (for a total of 6 garage spaces). There is onsite parking for two additional cars. Built in 1973, 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 rent comparables. Given its proximity to beach, pier, and Main Street Village, this offering represents an attractive opportunity to rehab and substantially increase rental income for the long term income property investor or owner occupant. The location & two large 3 bedroom “front” units makes these buildings “ideal” for partnerships. Note: 321 22nd Street is a “model match” building with same footprint & floorplans on the same size (50’ X 115’) lot.
  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 317 22nd Street

Architectural Style
Traditional
View
None
Parking Spaces Total
8
Private Pool
No
Cooling Type
N/K
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor

Location

Listing Courtesy of Coldwell Banker-Campbell Rltrs, Scot Campbell, DRE #00943759; CB Richard Ellis, Inc., Michael O'Neill II, DRE #02036937
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LISTING UPDATED: 04/24/2024 05:29 AM

Property Details for 317 22nd Street

StatusPending
MLS #OC24051319
Days on Market15
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1973
Lot Size0.13 AC / 5,875 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 317 22nd Street

Stories2Residences-Year Built1973Building Size-Lot Size0.13 AC / 5,875 SF

Payment Calculator

$16,310 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,008

Property Taxes

$1,302

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 317 22nd Street

Rental Info
Rental Info
  • Tenant Pays: Electricity
Income / Expense / Tax Details
Income Details
  • Gross Income: $129,892
  • Gross Scheduled Income: $129,892
  • Vacancy Allowance: 3884
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $126,009
  • Net Operating Income: $81,663
  • Laundry Income: $436
  • Other Income Description: Laundry income in GSI above
  • Gross Multiplier: 21.17
  • Current Financing: None
Expense Details
  • Operating Expense: $44,346
  • Operating Expense Percent: 34.00%
  • New Taxes Expense: $30,254
  • Gardener Expense: $1,800
  • Electric Expense: $481
  • Insurance Expense: $3,000
  • Maintenance Expense: $2,800
  • Other Expense: $2,675
  • Other Expense Description: See OM
  • Trash Expense: $1,835
  • Water Sewer Expense: $1,501
  • Total Expenses: $44,346
Tax / Assessment Info
  • Tax Block: 322
  • Tax Tract Number: 359
  • Tax Census Tract: 993.10
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 17
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Assessments YN: No
  • Assessments: None
  • Community Features: Biking, Curbs, Dog Park, Fishing, Watersports, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community, Individual Room
Exterior Features
  • Security Features: Smoke Detector(s)
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Roof: Flat
  • Entry Location: 1
  • Foundation Details: Slab
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Rectangular Lot, Sprinklers In Front
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Alley Paved, Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer, Sewer Paid
  • Sewer/Septic: Sewer Connected
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Electricity - On Property
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Parking: Yes
  • Parking Garage: Garage
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 6
  • Carport Spaces: 0
  • Parking Features: 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: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,300
  • Unit Type Total Rent: $3,300
  • Unit Type Pro Forma: 3600
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,240
  • Unit Type Total Rent: $3,240
  • Unit Type Pro Forma: 3600
  • Unit Type Type: 2
Unit 3
  • 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: $2,160
  • Unit Type Pro Forma: 3250
  • Unit Type Type: 3
Unit 4
  • 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: $1,900
  • Unit Type Total Rent: $1,900
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 317 22nd 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 317 22nd Street

Taxable ValueLand$1,129,447Additions$196,383Total$1,325,830
Tax Record2023$15,623 ($1,302 / month)
Home Facts
Total Finished SqFt4,101 SqFtAbove Grade Finished SqFt4,101 SqFtStories2Lot Size5,750 SqFtStyleQuadraplexYear Built1973CountyORANGEAPN023-125-10

Schools near 317 22nd 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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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.