7801 Sycamore Drive, Huntington Beach, CA 92647

$1,600,000
3,418
SqFt
List Price
$1,600,000
Status
ACTIVE UNDER CONTRACT
MLS#
PW20121625
Year Built
1974
Living Sq. Ft
3,418
Lot Size
7,579
Acres
0.174
Lot Location
Rectangular Lot
Days on Market
26
Property Type
Multifamily
Property Sub Type
Quadruplex
Stories
Two Level

Property Description

This HB 4plex was just extensively remodeled including new kitchens, bathrooms, flooring, energy efficient lighting, updated switches and outlets, new exterior and interior paint and more. With current rents that are close to fair market value, this building generates solid gross scheduled income of over $108,000. The smart unit mix includes one 3 bedroom/2 bath unit over the garages and three 2 bedroom/1 bath units on the ground floor. Resident amenities include onsite laundry room (owner-owned machines generate approximately $300 a month), a large fenced private back patio area, a large 1 car garage for each unit, plus additional onsite parking. This building is conveniently located in a designated Qualified Opportunity Zone, which can offer potential tax advantages to savvy investors while generating nearly a 5% cap rate with current income.

Additional Information

Tract Number
368
Lot Description
Sidewalks, Street Lights
Pool Description
None
Heat
Wall Furnace
Garage Spaces Total
4
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Total Number of Units
4

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Christian Walsh from Coldwell Banker Realty

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.