206 Chicago Avenue
Huntington Beach, CA, 92648 $ 2,990,000
Bedrooms5 Baths5.0 Sq 2,400 Monthly Estimate*
$ 20,886
for $2,990,000 with 5 bedrooms and 5 full baths. This 2,400 square foot home was built in 1956 on a lot size of 0.15.
UNBELIEVABLE INVESTMENT OPPORTUNITY to become the next owner of an amazing, newly-remodeled 5 unit complex located on a DOUBLE LOT in the heart of Downtown Huntington Beach! There are two buildings on-site, one with 3 units in the front and one with 2 units in the back. Each unit is a 1 bed/1 bath with 480 sq of living space and their own respective patio/yard areas in front. When I say remodeled, I mean it was a COMPLETE renovation. Some of the upgrades include: brand new roof, new sewer lines, new PEX plumbing, new gas lines, new electrical (panels, meters, wires, outlets, switches, lights), new cabinets, New appliances (microwave, range (gas), dishwasher, W/D hookups (gas), new flooring, new paint, new hardscape/landscape, irrigation, new stucco and stacked stone, new doors and windows, New shower tile/glass (each unit has different color), and more! Each unit has its own parking spot at the rear of the property. After the remodel, the owner signed all new tenants with one year leases that initiated in August of 2023 at fair market rent for that time. Not easy finding a double lot investment property let alone one that is remodeled top to bottom and located within 3 blocks of the ocean and Pacific City. As of the moment writing this, there is nothing like it on the market in the area so do not wait to act as opportunities like these are fleeting.
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FeaturesGeneralSewer SewerTapPaid
Cooling SeeRemarks
Garage Spaces 0.0
Pool Features None
Year Built 1956
Tenant Pays Electricity Gas
Stories 1
Levels One
Property SubType Apartment
Gross Income 160200.0
Community Features Suburban
County Orange
Net Operating Income 116365.0
Operating Expense 43385.0
Insurance Expense 2125.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Subdivision Name Downtown Area (DOWN)
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Off of Chicago and Alabama
City Huntington Beach
Entry Location 1
View Y/N N
Senior Community Y/N N
Open Parking Spaces 5.0
Total Units 5
MLS Area 15 - West Huntington Beach
Lot Size Square Feet 6534.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Chicago
Listing Terms Cash CashtoNewLoan Conventional
Property Attached Y/N Y
Land Lease Y/N N
Electric Expense 0.0
Home Warranty Y/N N
Trash Expense 2760.0
Water Sewer Expense 1080.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 48
Building Area Units SquareFeet
Standard Status Active
Year Built Source Appraiser
Tax Lot 18
Property Sub Type Additional Apartment
Taxes 35000.0
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ExteriorLot Features StreetLevel
Water Source Public
Total Parking 5.0
Lot Size Area 6534.0
Number of Buildings 2
Spa N
Building Area Total 2400.0
Lot Size Acres 0.15
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 5
Number of Separate Electric Meters 5
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal Stories 1
Common Walls Item2CommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N N
Fireplace Y/N N
Street Suffix Avenue
Laundry Features WasherHookup ElectricDryerHookup GasDryerHookup
Entry Level 1
Electric On Property Y/N N
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $20,886
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
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.
Learn more about how to save NearbyMulti-family listings in Huntington Beach, CA
Average List Price $2,745,552
Percent of Sale Price 8%
About Huntington Beach, CA 200,643 Population
5% Since 2002
$ 88,114 Median Income
42.31 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/2/2024 | $2,990,000 | -8.00% | Price Down |
| 3/14/2024 | $3,250,000 | | Listed Price |