Rare opportunity to acquire one of four tenant-occupied investment properties available individually or as part of a premier Orange County residential income portfolio. This property is currently leased at $9,000 per month under a 5-year lease with a 5-year extension option and 5% annual rent increases, providing immediate income and long-term stability for investors.This spacious three-story residence offers approximately 3,000 square feet with 6 bedrooms, 4 full bathrooms, and an attached two-car garage. The home features granite countertops, recessed lighting, a spacious kitchen, generous living areas, and a flexible floor plan designed to accommodate a variety of living arrangements.Currently undergoing remodeling and improvements expected to be completed prior to the close of escrow, this property is located in the desirable Parkside Classics community of Huntington Beach, close to shopping, restaurants, parks, schools, major freeways, and just minutes from the beach. Tenants currently pay all utilities and day-to-day operating expenses, while the owner is responsible for property taxes, insurance, and repairs.
| MLS # | OC26160503 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| HOA Dues | $268 |
| Sub-Type | Resale |
| Status | Active |
| Year | 2001 |
| Days On Site | 41 |
| Listing Provided By | Luxre Realty, Inc. | Michael Bente |
| SQ Feet | 3,000 |
|---|---|
| Garage | 2 |
| Story(s) | 3 |
| Units | 1 |
| Building(s) | 1 |
| Acreage | 0.56 |
| Property View | Yes |
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Granite Counters, Tile Counters, Bedroom On Main Level, Main Level Primary |
| Window Features | Screens |
| Appliances | Gas Oven, Gas Range, Microwave |
| Fireplace Yes / No | Yes |
| Security Features | Carbon Monoxide Detectors, Smoke Detectors |
|---|---|
| Foundation Details | Concrete Perimeter, Slab |
| Lot Features | Zero To One Unit Acre |
| Parking Features | Garage, Garage Faces Rear |
|---|---|
| Garage Yes / No | Yes |
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Water Connected |
|---|---|
| Electric | Standard |
| Sewer | Public Sewer |
| Community Features | Curbs, Street Lights, Sidewalks |
|---|
| Property | 12213 |
|---|
| State | CA |
|---|---|
| County | Orange |
| City | Huntington Beach |
| Zip Code | 92648 |
| Area | 15 West Huntington Beach |
| Community Name | other |
| Listing VS Median (in other) | |
Price: $1,850,000 low | high Med: $800,000 sqft: 3,000 low | high Med: 1,876 $ / sqft: $617 low | high Med: $436 On site: 41 low | high Med: 80.5 | |
| State | CA |
|---|---|
| County | Orange |
| City | Huntington Beach |
| Zip Code | 92648 |
| Area | 15 West Huntington Beach |
| Community Name | other |
| Listing VS Median (in other) | |
Price: $1,850,000 low | high Med: $800,000 sqft: 3,000 low | high Med: 1,876 $ / sqft: $617 low | high Med: $436 On site: 41 low | high Med: 80.5 | |