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7681 Ellis Ave Huntington Beach, CA, 92648
$2,845,000 $5,000 Commercial for sale Other
We are pleased to present this turnkey 5 unit apartment community located in the heart of Huntington Beach, at an in-place 5.04% cap rate (proforma 5.12%) and 14.59 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.
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Property details
5,155 sqft interior area
Land area
6,098 sqft (0.14 acres)
Days on Verhouse
82
Address
7681 Ellis Ave, Huntington Beach, CA, 92648
City of California
Huntington Beach
County
Orange
Previous price
$2,850,000
Year Built
1964
District
Listing
Nearby major retailers
Costco
Albertsons
ALDI
Walmart Neighborhood Market
Lowe's
Trader Joe's
Lexus
T-Mobile
Whole Foods Market
Wholesale: 2
Supermarket: 9
Do it yourself: 1
Car: 1
Mobile phone: 1
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Interior Features
—
Garage & Parking
Assigned
Amenities
Other
Appliances
Dryer
Listed by
Noam Srolovitz, Kape Property Management, Inc.
Name
Noam Srolovitz
License number
02069623
Brokerage company
Kape Property Management, Inc.
MLS #
CL24350231
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Calculate your monthly payments
Mortgage
$8,735
Taxes
$0
HOA dues
$0
Mortgage
$569,000 / 20%
2.28%
30 years
Your amount
$8,735 / month
Lot details
TMK #15905507
Parcel nr.
15905507
92648 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 92648
39%
Families with children
National average: 39%
33%
Non family households
349,247
Population
$113,087
Average Income
Age & gender
Median age 42 years
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Commute types
88% commute by car
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Education level
26% have bachelor education
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Number of employees
3% work in education and healthcare
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Vehicles available
41% have 2 vehicle
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Vehicles by gender
41% have 2 vehicle
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Housing market insights for
$1.25m
Neighborhood average
sales price*
sales price*
$1.24m
Neighborhood median
sales price*
sales price*
603
Number
of sales*
of sales*
Housing type
50% are single detacheds
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Rooms
37% of the houses have 4 or 5 rooms
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Bedrooms
57% have 2 or 3 bedrooms
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Owners vs Renters
59% are owners
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18.33 / 20
Most Walkable
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Price Decrease May 7, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| May 7, 2024 | Price Decrease | $2,845,000 -0.18% | 0 | MLS #CL24350231 |
| May 7, 2024 | Price Decrease | $2,850,000 -3.39% | 0 | MLS #CL24350231 |
| Feb 29, 2024 | New Listing | $2,950,000 | 0 | MLS #CL24350231 |
Taxes of 7681 Ellis Ave, Huntington Beach, CA, 92648
R3 zoning / MLS #CL24350231
Zoning
R3
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Frequently Asked Questions about 7681 Ellis Ave
What is 7681 Ellis Ave?
7681 Ellis Ave is a Commercial/Industrial propertywith 5,155 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
7681 Ellis Ave, Huntington Beach, CA, 92648.
What comparable properties are nearby?
Comparable nearby commercial properties include 17431 Koledo Ln, 2316 Delaware St, 7511 Warner Ave, 16871 Beach Blvd, 7851 Glencoe Dr, 212 15th St.
Based on information from the bridgeMLS as of 05-20-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: May 08, 2024
Verhouse Last checked 4 minutes ago
The closest grocery stores are Ralphs, 0.99 miles away and Albertsons, 1.03 miles away.
The 92648 zip area has a population of 349,247, and 39% of the families have children. The median age is 42.51 years and 88% commute by car. The most popular housing type is "single detached" and 59% is owner.
