Huntington Beach, CA 92647,7861 Ronald Drive
$2,800,000
$2,950,000
5.1%
Est.Price: ?

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0.42 Acres Lot

7861 Ronald Drive Huntington Beach, CA 92647

Est. payment /mo
SOLD DATE : 05/19/2022

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Key Details

Sold Price $2,800,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW21264322

Year Built 1964

Lot Size 0.423 Acres

Property Description

Two side by side triplex apartment complexes each with their own parcel of land. Located in the City of Huntington Beach, this property offers renters the ultimate Southern California living at their fingertips. Huntington Beach is known for legendary surf and beaches and features a thriving downtown with shops, dining and entertainment unique to Southern California culture. This investment opportunity is comprised entirely of single-story, two bedroom/one bathroom units averaging just under 900 sq.ft each. All units are provided a private patio, W/D hookups for in home laundry machines, and an enclosed garage with room for another parking spot in front of the garage. The combination of the single-story unit style along with its premier Huntington Beach location creates never-ending demand for the Ronald Drive units. A new investor will find a consistent occupancy which will allow for steady improvements in rent levels with little turnover and continuing growth in cash flow.

Location

State CA

County Orange

Area 699 - Not Defined

Interior

Laundry Washer Hookup, Gas Dryer Hookup, In Garage

Exterior

Garage Spaces 6.0

Garage Description 6.0

Pool None

Community Features Sidewalks

Building

Lot Description 11-15 Units/Acre

Story One

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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CRMLS – RECore
Listed by Rick Applebaum Morgan Skenderian
Bought with Paul Espinosa Morgan Skenderian

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Stacy Braglia

Stacy Braglia

REALTOR® | License ID: 01303104

+1(951) 295-5477

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