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Huntington Beach, CA 92647,7872 Liberty DR
Huntington Beach, CA 92647,7872 Liberty DR
Huntington Beach, CA 92647,7872 Liberty DR
$2,398,000
Est. payment /mo
$2,398,000
Est.Price: ?

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8,712 Sqft Lot
SOLD DATE : 11/29/2023

Key Details

Sold Price $2,398,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID NP23141560

Year Built 1979

Lot Size 8,712 Sqft

Property Description

Looking for the ultimate investment income opportunity in one of the world’s most legendary seaside communities? Well, you found it in this Pride of Ownership cash-flowing Quadruplex situated in the highly sought-after Huntington Beach, CA – Surf City, USA, with an additional 1-bedroom 1-bath income unit with a market rent of $2100. This attractive Muti-Family Property is located in an ideal rental location close to various dining options, entertainment, shopping, renowned beaches, transportation and the 405 freeway. Currently operating close to market rent with a GOI of $144,176 with significant potential for increased income and priced at a high cap rate of 4.26% at only $479,600 a door! This complex features an est. 1500 sq. ft., 3 bedrooms, 2 bath front townhome, which features private inside laundry room, spacious living room fireplace, recessed lighting, open kitchen with bar seating and granite countertops, 2 upstairs balconies, 2 car garage, and large side patio that could be utilized for future owner occupancy. The additional units all have spacious floor plans and are nicely equipped with appliances and first floor 2-bedroom apartment has a spacious enclosed backyard. Recent building upgrades include updated exterior paint, newer central water heater, Ring cameras, and a newly landscaped courtyard. This property has a shared laundry room which generates additional income, 6 total garages, individual unit balconies or patios, owner's storage room, automatic sprinkler system, and a large driveway/carport for additional parking. Located just minutes from fine dining, nightlife, entertainment, Downtown Huntington beach, Bella Terra outdoor mall, and the best surfing and beaches, this property offers an amazing investment opportunity in one of SoCal’s most desirable areas. Looking for another great income property, please inquire about the owner’s other listing at 8162 La Paz Dr. Huntington Beach. Please call now to schedule a tour today to become the new proud owner of this impressive low-rise garden complex.

Location

State CA

County Orange

Area 14 - South Huntington Beach

Zoning R3

Interior

Heating Forced Air, Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Laminate, Vinyl

Fireplaces Type Living Room

Laundry Common Area

Exterior

Garage Spaces 6.0

Garage Description 6.0

Pool None

Community Features Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Flat,Tile

Building

Lot Description 2-5 Units/Acre, Back Yard, Sprinkler System

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash, Conventional, 1031 Exchange, VA Loan

Listing Terms Cash, Conventional, 1031 Exchange, VA Loan

Special Listing Condition Standard, Trust

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California Regional MLS (CRMLS)
Listed by Damon Mazzano • Ron Mazzano, Broker
Bought with Jorge Felix • CB Richard Ellis, Inc.
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextadvisors.properties

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