319 15th Street

Huntington Beach, CA 92648

$3,200,000
Price
7
Beds
8
Baths
4,825 Sq. Ft.
$663 / Sq. Ft.
4,825
Sq. Ft.
$663
per Sq. Ft.

Description

We are pleased to present this wonderful beachside apartment complex built in 1972, a rare investment opportunity in Huntington Beach. The property is conveniently located within walking distance to downtown Huntington Beach and also Pacific City, both highly desirable locations with lots of shopping, restaurants and entertainment. Each unit has an enclosed garage with remote garage doors. The building has been well maintained with large units. Investors have the opportunity to acquire a prime property...We are pleased to present this wonderful beachside apartment complex built in 1972, a rare investment opportunity in Huntington Beach. The property is conveniently located within walking distance to downtown Huntington Beach and also Pacific City, both highly desirable locations with lots of shopping, restaurants and entertainment. Each unit has an enclosed garage with remote garage doors. The building has been well maintained with large units. Investors have the opportunity to acquire a prime property with steady cash flow and potential for value add appreciation. With a 5.2% cap rate on market rents the property has huge upside potential. Don’t miss out on this exceptional chance to own a well-maintained and profitable investment property in a prime location.
  1. Listed by Gary Tolfa • DRE #00955403 • Brokerage DRE #01921625 • Triqor Group • gary@triqorgroup.com

Property Details for 319 15th Street

Parking Spaces Total
6
Private Pool
No
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4825
Assessor Parcel Number
023-158-07
Property Attached YN
true

Location

Listing Courtesy of Triqor Group, Gary Tolfa, DRE #00955403
Add your commute
LISTING UPDATED: 05/01/2024 04:01 AM

Property Details for 319 15th Street

StatusPending
MLS #PW23124047
Days on Market271
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1972
CountyOrange County

Location

Listing Courtesy of Triqor Group, Gary Tolfa, DRE #00955403
Add your commute

Building Information for 319 15th Street

Building/Complex319 15th StFloor-Stories2Residences-Pet Policy-Year Built1972Building Size-

Payment Calculator

$17,832 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,464

Property Taxes

$368

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 319 15th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $156,120
  • Gross Scheduled Income: $156,120
  • Vacancy Allowance: 4684
  • Vacancy Allowance Rate: 3
  • Net Operating Income: $98,837
Expense Details
  • Operating Expense: $52,600
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $52,600
Tax / Assessment Info
  • Tax Block: 315
  • Tax Tract Number: 352
  • Tax Census Tract: 993.10
  • CFD/Mello-Roos Fee: $1,500
  • Tax Lot: 17
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Entry Location: /
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Rectangular Lot
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Parking Garage Spaces: 6
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Huntington West
  • Builders Tract Code: Huntington West (HWST)
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,070
  • Unit Type Total Rent: $8,280
  • Unit Type Pro Forma: 2750
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,470
  • Unit Type Total Rent: $2,470
  • Unit Type Pro Forma: 3850
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,260
  • Unit Type Total Rent: $2,260
  • Unit Type Pro Forma: 3975
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 0

Property History for 319 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 319 15th Street

Taxable ValueLand$65,994Additions$195,137Total$261,131
Tax Record2023$4,420 ($368 / month)
Home Facts
Total Finished SqFt4,804 SqFtAbove Grade Finished SqFt4,804 SqFtStories2Lot Size5,875 SqFtStyleMulti-Family Res (5+ Units)Year Built1972CountyORANGEAPN023-158-07

Schools near 319 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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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 Triqor Group, Gary Tolfa, DRE #00955403

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.