7681 Ellis Avenue
7681 Ellis Avenue
$2,950,000
12
9
5,155
5,155
$572
Description
We are pleased to present this turnkey 5 unit apartment community located in the heart of Huntington Beach, at an in-place 4.83% cap rate (proforma 5.12%) and 15 GRM. This asset comprises an attractive unit mix of two 3-Bed/2-Bath units (~1,100 SF each) & three 2-Bed/1.5-Bath townhomes (~990 SF each). The property - interior and exterior - has been upgraded and professionally designed over the course of the last ~12 months, including windows, kitchens, bathrooms, lighting, appliances (including laundry...We are pleased to present this turnkey 5 unit apartment community located in the heart of Huntington Beach, at an in-place 4.83% cap rate (proforma 5.12%) and 15 GRM. This asset comprises an attractive unit mix of two 3-Bed/2-Bath units (~1,100 SF each) & three 2-Bed/1.5-Bath townhomes (~990 SF each). The property - interior and exterior - has been upgraded and professionally designed over the course of the last ~12 months, including windows, kitchens, bathrooms, lighting, appliances (including laundry in each unit), flooring, exterior paint, lighting & landscaping, roof (2019), partial plumbing and electric. In addition, the property now boasts a spectacular ~1,100 SF 3-Bed/2-Bath ADU. Qualified, market-rate, long-term tenants in place, these units leased FAST due to exquisite exterior and interior design, amenities like brand new kitchens & baths, private outdoor spaces, in-unit laundry, AC (ADU), and townhome-style layouts (3 units). Separate gas and electrical meters for each unit. NO LOCAL RENT CONTROL - subject only to AB 1482. Four on-site parking spaces too. Located in prime Orange County in one of the strongest rental markets. Short distance to beaches, HB Pier, neighborhood shopping center, grocery stores, trails and more.
- Listed by Noam Srolovitz • DRE #02069623 • Brokerage DRE #02069623 • Kape Property Management, Inc.
- Listed by Benjamin Lester • DRE #02033314 • Brokerage DRE #02069623 • Kape Property Management, Inc.
Property Details for 7681 Ellis Avenue
Zoning
R3
Parcel Number15905507
Total Units5.0
Living Area5155
Source Living AreaPlans
AreaWest Huntington Beach (15)
Vacancy Rate0
Lot Size Area6098
Location
LISTING UPDATED: 03/18/2024 07:40 AM
Property Details for 7681 Ellis Avenue
Status | Active |
---|---|
MLS # | 24-350231 |
Days on Market | 66 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1964 |
Lot Size | 0.14 AC / 6,098 SF |
County | Orange County |
Location
Building Information for 7681 Ellis Avenue
Stories2Residences-Year Built1964Building Size-Lot Size0.14 AC / 6,098 SF
Payment Calculator
$17,870 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 7681 Ellis Avenue
Property History for 7681 Ellis Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 7681 Ellis Avenue
Taxable ValueLand$1,698,415Additions$151,585Total$1,850,000
Tax Record2023$21,249 ($1,771 / month)
Home Facts
Total Finished SqFt4,070 SqFtAbove Grade Finished SqFt4,070 SqFtStories2Lot Size6,191 SqFtStyleQuadraplexYear Built1964CountyORANGEAPN159-055-07
Schools near 7681 Ellis Avenue
This home is within Ocean View School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Hope View Elementary School PublicK to 5 | ||
Mesa View Middle School Public6 to 8 | ||
Ocean View High School Public9 to 12 | ||
Coast High School Public9 to 12 |
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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