125 16th Street Huntington Beach, CA $ 8,990,000
125 16th Street
$ 8,990,000
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125 16th Street

Huntington Beach, CA, 92648
$ 8,990,000
Bedrooms36 Baths4.0 Sq 15,809

Monthly Estimate*

$ 62,798

Listed by Coldwell Banker-Campbell Rltrs
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Multi-Family Home for sale in Huntington Beach, CA

for $8,990,000 with 36 bedrooms and 4 full baths. This 15,809 square foot home was built in 1971 on a lot size of 0.4.

Beachwood Apartments is a rare offering being the largest building presently available in Huntington Beach and the closest to the sand. It is located in the 100 block of Downtown Huntington Beach (built on 6 legal lots) and is less than 200 feet from Pacific Coast Highway. This is an owner-user area with the majority of nearby dwellings being condominiums from $1,000,000 to $1,750,000 and SFRs in the $2,000,000 to $6,000,000 range. High income tenants are naturally drawn to this building by nearby attractions including: The soft sands & ridable waves of Surf City, blufftop park/bike path, Beach Playground, Pier, Main Street Village, restaurants, shopping, entertainment, and numerous events (4th of July parade & fireworks, US Open of Surfing, Pacific Airshow, & more). This is the first time the property has been offered for sale in 40 years and is arguably the best investment opportunity for upside rental potential in coastal Orange County. The mix of units includes (two) 3 BR – 2BA units, (three) 2BR – 2BA units, (eleven) 2BR – 1BA units, and (two) 1BR – 1BA units… several units have partial ocean views. 24 Garage Spaces. Built in 1971, and individually metered for gas & electric. The building is only 8 blocks from award winning Elementary & Middle Schools – 12 blocks from Huntington Beach High School (which offers the Academy of Performing Arts and Nationally Ranked athletics programs).

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Multi-Family Pending

Price

$ 8,990,000

Bedrooms

36

Full Bath

4

Property Type

Multi-Family

Taxes

$ 0

Style

Traditional

Lot Size

0.4

Year Built

1971

Town/City

Huntington Beach

County/Region

Orange

MLS | Web ID

OC24046070

Days on Market

69

Features
General
Sewer PublicSewer SewerTapPaid
Heating WallFurnace
Cooling None
Utilities CableConnected ElectricityConnected NaturalGasConnected PhoneConnected SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Flat
HOA 0.0
Garage Spaces 24.0
Architectural Style Traditional
Pool Features None
Construction Materials BrickVeneer ShingleSiding Stucco
Year Built 1971
Electric ElectricityOnProperty
Tenant Pays Electricity Gas SeeRemarks
View Ocean
Stories 2
Levels Two
Property SubType MixedUse
Gross Income 0.0
Community Features Biking Curbs Fishing StormDrains StreetLights Sidewalks WaterSports
County Orange
Net Operating Income 303221.0
Operating Expense 195488.0
Insurance Expense 13500.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Subdivision Name Downtown Area (DOWN)
Garage Y/N Y
Special Listing Conditions Standard
Status Pending
Directions Pacific Coast Hwy to 16th Street turn north. Building is just 180 feet from PCH.
City Huntington Beach
Disclosures CoastalCommissionRestrictions
Entry Location 1
View Y/N Y
Senior Community Y/N N
Total Units 18
MLS Area 15 - West Huntington Beach
Lot Size Square Feet 17424.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 18
Street Name 16th
Listing Terms Cash CashtoNewLoan
Spa Features None
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Current Financing None
Trash Expense 5353.0
Water Sewer Expense 5063.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://www.vr-360-tour.com/e/cuQBjh09Mp0/e?hide_e3play=true&hide_logo=true&hide_nadir=true&hidelive=true&share_button=false https://Coldwell-Banker-Campbell-Realtors.vr-360-tour.com/e/cuQBjh09Mp0/e
Days on Market 17
Building Area Units SquareFeet
Standard Status Pending
Year Built Source Assessor
Tax Lot 11
Total Actual Rent 42662.0
Property Sub Type Additional MixedUse
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Exterior
Parking Features DoorSingle Garage
Lot Features CornerLot RectangularLot SprinklerSystem
Water Source Public
Total Parking 24.0
Lot Size Area 17424.0
Foundation Details Slab
Number of Buildings 1
Spa N
Building Area Total 15809.0
Lot Size Acres 0.4
Road Surface Type Paved
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 18
Number of Separate Electric Meters 18
Road Frontage Type CityStreet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Street
Laundry Features CommonArea
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 125
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* Excluded Features
List By
Coldwell Banker-Campbell Rltrs

Broker

(714) 336-0394

Phone

Affordability Calculator

$62,798
Per Month
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Monthly Principal & Interest
$62,798
Monthly Property Taxes
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/9/2024$8,990,000 Listed Price

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125 16th Street, Huntington Beach, CA, 92648 is a Multi-Family Home for sale at $8,990,000 with 15,809 sqft and a lot size of 0.4. 125 16th Street has 36 bedrooms, 4.0 baths, and was built in 1971. The property's zip code is 92648 which is in Huntington Beach, CA