7681 Ellis Avenue, Huntington Beach

$2,950,000

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12

Beds

6

Baths

5,155

Square feet

0.14

Acres

Listing Agent
Noam Srolovitz - Kape Property Management, Inc.

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.

Features of 7681 Ellis Avenue

MLS® # 24350231
Price $2,950,000
Bedrooms 12
Bathrooms 6.00
Square Footage 5,155
Acres 0.14
Year Built 1964
Type Residential Income
Status Active

Community Information

Address 7681 Ellis Avenue
Area 15 - West Huntington Beach
City Huntington Beach
County Orange
Zip Code 92648

Amenities

Parking Spaces 4
Parking Assigned
Garages Assigned
Is Waterfront No
Has Pool No

Interior

Interior Features Ceiling Fan(s)
Appliances Dishwasher, Gas Cooktop, Gas Oven, Microwave, Oven, Refrigerator, Dryer, Washer
Heating Combination
Has Basement No
Fireplace No
# of Stories 2
Stories Two

Additional Information

Date Listed February 29th, 2024
Days on Market 49
Zoning R3
Foreclosure No
Short Sale No
RE / Bank Owned No
Leased Land Fee
Senior Community No

Listing Details

AgentNoam Srolovitz
OfficeKape Property Management, Inc.

Listing Map

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