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Listing 7 out of 50
$1,525,000 For Sale

1008 Florida Street
Huntington Beach, CA 92648

3 units | Multi Family Home
5663 sq ft - MLS# PW19049891
Property Photo
1/22

Description

An investor looking to begin building a portfolio and provide for their own housing can purchase the property and begin building equity at a very reasonable price. With rents in the area for remodeled two bedrooms in the $2,400-$2,800 range, an investor/owner can acquire the property and after taxes and insurance and all expenses associated with owning rental property the owner will only need to pay themselves $3,899 per month to own a property 1 mile from the beach. Two bedroom units rent for between a low of $2,045 ($2.87/SF) and as high as $3,100. An investor who maintains the property in it’s current condition will continue to benefit from an ease of management property in a improving location. The residential component of Pacific City will add units targeting high net worth individuals. Pacific City 2 bedrooms are currently starting at $3,900 and are filling up as fast as they are completed. The availability of these high end units will attract tenants that want to live close to Pacific City but want to pay slightly less for a great location. 1008 Florida with it’s tastefully remodeled twos, private patio spaces, and garages will continue to attract millennials with increasing disposable income.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 92648
  • Year Built: 1963
  • Subdivision/Neighborhood: Downtown Area (Down)
  • Stories: One
  • Units: 3 units
  • # of Parking Spaces: 2.00
  • Lot Size: 5663 sq ft
  • Area: 15 - West Huntington Beach
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 3010.00
  • Building Area Units: Square Feet
  • Cap Rate: 3.60
  • Common Walls: 2+ Common Walls
  • Community Features: Curbs
  • Country: US
  • Directions: Off Beach Blvd and Adams
  • Electric Expense: 224.00
  • Fuel Expense: 360.00
  • Garage Spaces: 2.00
  • Gardener Expense: 1500.00
  • Gross Income: 81480.00
  • Gross Multiplier: 18.15
  • Gross Scheduled Income: 84000.00
  • Insurance Expense: 3010.00
  • Laundry Features: Community
  • Laundry YN: Yes
  • Listing Agent License: 01267826
  • Listing Office License: 01267826
  • Lot Features: Front Yard
  • Lot Size Area: 0.1300
  • Lot Size Source: Assessor
  • Lot Size Units: Acres
  • MLS: CRM
  • Net Operating Income: 54598.00
  • New Taxes Expense: 17538.00
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Operating Expense: 26982.00
  • Other Expense: 2100.00
  • Other Expense Description: Repairs
  • Pest Control Expense: 900.00
  • Property Attached YN: Yes
  • Sewer: Public Sewer
  • Stories Total: 1
  • Total Actual Rent: 7000.00
  • Total Expenses: 26982.00
  • Trash Expense: 150.00
  • Water Source: Public
  • Year Built Source: Assessor
Courtesy of Justin White, Justin White

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Michael Call
Michael Call Realty

18682 Beach Blvd. #165
Huntington Beach, CA 92663
Phone: 714-791-1102
Email: onecall4all1@verizon.net
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Testimonials

"It is my pleasure to write this letter of recommendation for our realtor Mr. Michael Call. Michael was instrumental in helping us purchase a new home in Huntington Beach, California. Michael is from Huntington Beach and he possesses extensive knowledge of the neighborhoods and schools in Huntington Beach as well as in many of the surrounding cities. Having come from Phoenix Arizona, we had no idea which neighborhood would work best for our family, but Michael took the time to show us several great family neighborhoods with amazing schools. He also showed us many homes in these areas, but never rushed us. Instead he carefully listened to what we liked and disliked from each of those homes until he was able to find us the perfect home. In fact, it was Michael’s history as a great realtor in Huntington Beach that helped us locate our new home. Michael is well organized, creative, and he is constantly looking for ways to help his clients find the home of their dreams. With all of his real estate skills and knowledge however, Michael’s greatest assets are that he is patient, thoughtful, a great listener, and an advocate for his clients. He is the only realtor that I have worked with who took the time to call the home warranty company when our furnace stopped working and he personally saw to it that we were reimbursed for repairing the furnace. Michael has an excellent understanding of real estate practices in California. Michael has impeccable character; he is intelligent, honest and extremely hard working. It is my opinion that Michael Call is a person who is very proactive, and he has the ability to help you find and purchase an amazing home. It has been a wonderful experience to work with Michael Call and I will not hesitate to recommend him to others looking for a new home in Southern California." Cean R. Colcord Ph. D.
"Michael Call did an excellent job selling our home. He came to look at the home before it went on market, made recommendations which we followed through with and within that week of listing we had an offer. Once the process began, Michael was very diligent in tracking all aspects of the sale. He made sure all items got into escrow, let us know when items where due and followed up quickly on any questions or requests that were made. He continually checked in with us to make sure the process was going smoothly. Michael always responded to any email and/or voice mail that was sent very quickly. We highly recommended using Michael for your home purchase or sale, knowing he will do an excellent job for you." Danielle & Greg Winchell
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Michael Call | 714-791-1102 | Contact Me
18682 Beach Blvd. #165 - Huntington Beach, CA 92648
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