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123 6th Street

Huntington Beach, CA 92648
  • $5,675,000
  • STATUS: ACTIVE
  • ON SITE: 72 Days
  • ID#: PW23179086
$5,675,000
  • 3
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
County:

School Ratings & Info

Description

Offered for the first time in more than 40 years, we are pleased to present 123 6th Street (also listed at 605 Walnut Avenue). At 15 units, this is one of the larger multifamily properties in downtown. Ideally located on the 100 Block, residents are just steps from the beach, The Strand, and Main Street. By updating the units and bringing rents closer to market levels, the new owner can take advantage of enormous upside potential. The entire building was re-piped in 2005, and the electrical system was upgraded in 2004. Additionally, the roof was replaced in 2012, while the windows were redone in 2015. Offered for the first time in more than 40 years, we are pleased to present 123 6th Street (also listed at 605 Walnut Avenue). At 15 units, this is one of the larger multifamily properties in downtown. Ideally located on the 100 Block, residents are just steps from the beach, The Strand, and Main Street. By updating the units and bringing rents closer to market levels, the new owner can take advantage of enormous upside potential. The entire building was re-piped in 2005, and the electrical system was upgraded in 2004. Additionally, the roof was replaced in 2012, while the windows were redone in 2015.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.gellens.com/homes/143707637
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123 6th Street Huntington Beach, CA 92648

  • Price: $5,675,000
  • Status: ACTIVE
  • On Site: 72 Days
  • ID#: PW23179086
3
Beds
0
Baths
0
½ Baths
0.2
Acres
Neighborhood:
Oc - Huntington Beach (92648)
County:
Orange
Area:
Oc - Huntington Beach (92648)
Property Description
Offered for the first time in more than 40 years, we are pleased to present 123 6th Street (also listed at 605 Walnut Avenue). At 15 units, this is one of the larger multifamily properties in downtown. Ideally located on the 100 Block, residents are just steps from the beach, The Strand, and Main Street. By updating the units and bringing rents closer to market levels, the new owner can take advantage of enormous upside potential. The entire building was re-piped in 2005, and the electrical system was upgraded in 2004. Additionally, the roof was replaced in 2012, while the windows were redone in 2015. Offered for the first time in more than 40 years, we are pleased to present 123 6th Street (also listed at 605 Walnut Avenue). At 15 units, this is one of the larger multifamily properties in downtown. Ideally located on the 100 Block, residents are just steps from the beach, The Strand, and Main Street. By updating the units and bringing rents closer to market levels, the new owner can take advantage of enormous upside potential. The entire building was re-piped in 2005, and the electrical system was upgraded in 2004. Additionally, the roof was replaced in 2012, while the windows were redone in 2015.
Exterior Features

Parking Garage Desc Unit1 Assigned Pool N/K Site Corner LotCurbs

Interior Features

Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1

Property Features

Actual Cap Rate 1.9 Annual Expense Actual 99459 Buildings 1 Cfd Mello Roos Fee 3424.0 Cfd Mello Roos Fee Reflects Year Gross Rent Multiplier Actual 26.79 Gross Scheduled Income Actual 211860 Monthly Total Fees 285 Terms CashConventionalExchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit1 Rent Actual 1128.0 Unit2 Rent Actual 960.0 Unit3 Rent Actual 1925.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Damien Breaux of Morgan Skenderian: . Listing information © 2023 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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Maxine & Marti Gellens | Berkshire Hathaway HomeServices California Properties
7910 Girard Ave Ste 9
La Jolla CA, 92037