7681 Ellis Avenue Huntington Beach, CA 92648
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyOrange
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site77 Days
- MLS StatusActive
- MLS ID Number24350231
- Home Size Source Plans
- Year Built1964
- Lot Size0.14 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Assigned
- Parking Spaces 4
- Number of Stories 22
- Acreage 0.14
- Zoning R3
- Listing Conditions Standard
Interior Features
- Heating Combination
- Appliances DishwasherMicrowaveRefrigeratorGas CooktopGas OvenOven
- Interior Ceiling Fan(s)
- Laundry Features Washer IncludedDryer IncludedInside
Community Features
- Senior Community No
- MLS Area 15 - West Huntington Beach