15332 Shasta

    Huntington Beach, CA 92647
    • $899,000
    • STATUS: Active
    • ON SITE: 212 days
    • ID#: OC18080190
    UPDATED: 30 min ago
    $899,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,499
      SQFT
    • $360
      $/SQFT
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    UNIQUE INVESTMENT OPPORTUNITY!! Great Opportunity for a cash or 1031 exchange investor to get a stable return on their investment. This property has a tenant has a business that has been occupying the property since 2004 and with a lease rate of $4,250/month that is over the market, the current lease terminates August 22nd, 2022. Leasee would only be responsible for the major repairs. So, no repairs needed or cash infused into the property. Current tenant would consider a long-term lease extension with a rate increase at the end of the 80-month lease.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T08:31:04.723. 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. Licensed in the State of California, USA.
    www.bentongrouphomes.com/homes/82715594

    15332 Shasta Huntington Beach, CA 92647

    • Price: $899,000
    • Status: Active
    • Updated: 30 min ago
    • ID#: OC18080190
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,499
    SQFT
    $360
    $/SQFT
    1962
    Built
    Neighborhood:
    Fashion Homes (Hb - 17) (Fsnh)
    County:
    Orange
    Area:
    17 - Northwest Huntington Beach
    Property Description
    UNIQUE INVESTMENT OPPORTUNITY!! Great Opportunity for a cash or 1031 exchange investor to get a stable return on their investment. This property has a tenant has a business that has been occupying the property since 2004 and with a lease rate of $4,250/month that is over the market, the current lease terminates August 22nd, 2022. Leasee would only be responsible for the major repairs. So, no repairs needed or cash infused into the property. Current tenant would consider a long-term lease extension with a rate increase at the end of the 80-month lease.
    Exterior Features

    Garage Spaces 2.00 Lot Features 0-1 Unit/Acre Lot Size Source Other Lot Size Units Square Feet Parking Total 2.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Fireplace Features BathDenFamily RoomKitchenLiving RoomMaster BedroomMaster Retreat Fireplace YN Yes Flooring CarpetLaminateStone Heating Central Furnace Heating YN Yes Laundry Features Gas & Electric Dryer HookupWasher HookupWasher Included Levels One Room Type Main Floor Master BedroomMaster Bathroom

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.40 Community Features Sidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 63000.00 Gross Operating Income 63000.00 Gross Scheduled Income 63000.00 Insurance Expense 600.00 Land Lease YN No Laundry YN Yes Net Operating Income 49200.00 New Construction YN No New Taxes Expense 13200.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 13800.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Fashion Homes (Hb - 17) (Fsnh) Tenant Pays All UtilitiesGardenerHvac MaintenanceJanitorial ServicePest ControlRepairsTrash CollectionWater Total Expenses 13800.00 Trash Expense 0.00 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer Connected Vacancy Allowance Rate 0.00 Water Sewer Expense 0.00 Water Source Public

    Listing provided courtesy of Tonya Campo of New Concept Properties.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T08:31:04.723. 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. Licensed in the State of California, USA.
     
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