405 7th Street

Huntington Beach, CA 92648

$2,670,000
Last Sold Price
5
Beds
6
Baths
4,213 Sq. Ft.
$634 / Sq. Ft.
4,213
Sq. Ft.
$634
per Sq. Ft.

Description

Offered for the first time in over 26 years, this trophy asset is just 528 yards to the sand! From this location, tenants can easily walk to downtown where an abundance of shopping, nightlife, and restaurants can be found. The asset consists of six (6), well-maintained units that offer patios, a garage for each apartment, and a common laundry room. Of the six units, the mix consists of: (1) 2 Bedroom / 1 Bath, and (5) 1 Bedroom / Bath; which cater towards young professionals, as well as beach lovers...Offered for the first time in over 26 years, this trophy asset is just 528 yards to the sand! From this location, tenants can easily walk to downtown where an abundance of shopping, nightlife, and restaurants can be found. The asset consists of six (6), well-maintained units that offer patios, a garage for each apartment, and a common laundry room. Of the six units, the mix consists of: (1) 2 Bedroom / 1 Bath, and (5) 1 Bedroom / Bath; which cater towards young professionals, as well as beach lovers alike. If your client is looking for both a pride-of-ownership asset, in a world class location, this is their deal. When admiring this property, please drive by only, and do not disturb the tenants.
  1. Listed by Pat Swanson • DRE #01382974 • Brokerage DRE #01382974 • Pat Swanson

Property Details for 405 7th Street

Parking Spaces Total
6
Private Pool
No
Total Units
6.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
4213
Assessor Parcel Number
024-108-16
Property Attached YN
true

Location

Listing Courtesy of Pat Swanson, Pat Swanson, DRE #01382974

Sold By Marcus & Millichap RE Invest, Greg Bassirpou, DRE #01365951

Add your commute
LISTING UPDATED: 08/24/2021 09:02 AM

Property Details for 405 7th Street

StatusClosed
MLS #OC21079300
Days on Market8
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1969
Lot Size0.13 AC / 5,801 SF
CountyOrange County

Location

Listing Courtesy of Pat Swanson, Pat Swanson, DRE #01382974

Sold By Marcus & Millichap RE Invest, Greg Bassirpou, DRE #01365951

Add your commute

Building Information for 405 7th Street

Stories2Residences-Year Built1969Building Size-Lot Size0.13 AC / 5,801 SF

Payment Calculator

$17,197 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,571

Property Taxes

$2,626

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 405 7th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $130,717
  • Gross Scheduled Income: $134,760
  • Net Operating Income: $87,533
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $43,184
  • New Taxes Expense: $28,868
  • Fuel Expense: $1,000
  • Electric Expense: $720
  • Insurance Expense: $2,100
  • Professional Management Expense: $0
  • Trash Expense: $2,100
  • Water Sewer Expense: $2,400
  • Total Expenses: $43,184
Tax / Assessment Info
  • Tax Block: 407
  • Tax Tract Number: 356
  • Tax Census Tract: 993.11
  • Tax Lot: 5
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Lawn
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Parking Garage Spaces: 6
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 3
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,795
  • Unit Type Total Rent: $5,385
  • Unit Type Pro Forma: 6300
  • Unit Type Type: 1
Unit 2
  • 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: $1,895
  • Unit Type Total Rent: $1,895
  • Unit Type Pro Forma: 2100
  • 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: $2,100
  • Unit Type Total Rent: $2,100
  • Unit Type Pro Forma: 2100
  • 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: $1,750
  • Unit Type Total Rent: $1,750
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1

Property History for 405 7th 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 405 7th Street

Taxable ValueLand$2,533,133Additions$190,267Total$2,723,400
Tax Record2023$31,508 ($2,626 / month)
Home Facts
Total Finished SqFt4,213 SqFtAbove Grade Finished SqFt4,213 SqFtStories2Lot Size5,876 SqFtStyleMulti-Family Res (5+ Units)Year Built1969CountyORANGEAPN024-108-16

Schools near 405 7th 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.

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.

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 Pat Swanson, Pat Swanson, DRE #01382974

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.