7681 Ellis Avenue 7681 Ellis Avenue Huntington Beach, California 92648 United States
7681 Ellis Avenue Huntington Beach, California 92648 United States
$2,950,000
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We are pleased to present this turnkey 5 unit apartment community located in the heart of Huntington Beach, at an in-place 4.83% cap rate (proforma 5.12%) and 15 GRM. This asset comprises an attractive unit mix of two 3-Bed/2-Bath units (~1,100...
- 12
- Bedrooms
- 5,155 Sq Ft.
- Interior
- .14 Acres
- Exterior
- Residential Income
- Property type
- 1964
- Year Built
- 24350231
- Web Id
- 24350231
- MLS ID
- 59
- days ago
About 7681 Ellis Avenue
We are pleased to present this turnkey 5 unit apartment community located in the heart of Huntington Beach, at an in-place 4.83% cap rate (proforma 5.12%) and 15 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.
Listing Courtesy of Noam Srolovitz, Kape Property Management, Inc., 02069623, Benjamin Lester, Kape Property Management, Inc., 02033314, Active
The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.
Listing Courtesy of Noam Srolovitz, Kape Property Management, Inc., 02069623, Benjamin Lester, Kape Property Management, Inc., 02033314, Active
The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.
Amenities
- Dishwasher
- Refrigerator
- Washer Included
- Dryer Included
features
- cooling
- Propane Heating
- Parking
- Assigned Parking
PROPERTY INFORMATION
- Appliances
- Dishwasher, GasCooktop, GasOven, Microwave, Oven, Refrigerator, Dryer, Washer
- Heating
- Combination
- Parking Description
- Assigned
INTERIOR
- Interior Features
- CeilingFans
ADDITIONAL INFORMATION
- Number of Units
- 5
Listing Courtesy of Kape Property Management, Inc.