Description
Opportunity abounds in this charming, viable, three-unit (triplex), double lot, investors dream property in downtown Huntington Beach. Each front unit is two bedrooms and one bathroom; the third unit above the garage is one bedroom and one bathroom. There is a two car garage, parking pad for two additional cars, and shared laundry within the garage. Located mere steps from the ocean and from all of Main Streets offerings, this property is ideal for years of passive income. Eventual remodeling or complete reconstruction opportunities are endless - anything from simple TLC (some TLC is warranted in the near future), to grand upgrades, to outright razing and conversion into two or more residences via lot splitting, ADUs and/or new SB9 (check with city on full construction potential), creating countless opportunities to rebuild and maximize this prime parcel. Dont want to spend money on new construction, prefer passive income from day one - not a problem - these beach homes are light and bright with two great month-to-month tenants in-place in the front units and the third unit above the garage will soon be vacant. Reminiscent of classic beach bungalows, with ample front yards and an enormous courtyard space, these properties are a tenants dream (and therefore an investors opportunity). The street is among the best in all of Huntington Beach, with a true neighborhood feel, complete with friendly neighbors and the occasional lemonade stands. No oil well on this prime parcel! Do not, do not, disturb the wonderful tenants!
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5BEDS
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0.13ACRES
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3BATHS
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01/2 BATHS
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2,545SQFT
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$939$/SQFT
Description
Opportunity abounds in this charming, viable, three-unit (triplex), double lot, investors dream property in downtown Huntington Beach. Each front unit is two bedrooms and one bathroom; the third unit above the garage is one bedroom and one bathroom. There is a two car garage, parking pad for two additional cars, and shared laundry within the garage. Located mere steps from the ocean and from all of Main Streets offerings, this property is ideal for years of passive income. Eventual remodeling or complete reconstruction opportunities are endless - anything from simple TLC (some TLC is warranted in the near future), to grand upgrades, to outright razing and conversion into two or more residences via lot splitting, ADUs and/or new SB9 (check with city on full construction potential), creating countless opportunities to rebuild and maximize this prime parcel. Dont want to spend money on new construction, prefer passive income from day one - not a problem - these beach homes are light and bright with two great month-to-month tenants in-place in the front units and the third unit above the garage will soon be vacant. Reminiscent of classic beach bungalows, with ample front yards and an enormous courtyard space, these properties are a tenants dream (and therefore an investors opportunity). The street is among the best in all of Huntington Beach, with a true neighborhood feel, complete with friendly neighbors and the occasional lemonade stands. No oil well on this prime parcel! Do not, do not, disturb the wonderful tenants!
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-06-30T00:30:13.847. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Ivan and Maria | Real Estate One. Licensed in the State of California, USA.