321 22nd Street Huntington Beach, CA 92648
Listing Courtesy of: CRMLS / Coldwell Banker Campbell Realtors / Scot Campbell - Contact:  714-336-0394

  321 22nd Street Huntington Beach, CA 92648

Pending (42 Days)
$2,750,000

Description

321 22nd Street in Downtown Huntington Beach was one of the last double (50 foot) lot fourplexes constructed on the Downtown Numbered Streets before custom builders switched to the development of 2 & 3 story SFRs constructed on 25 foot wide lots. Most fourplexes built in the area are in the 3600 to 3900 square foot range; however, this building is 4101 square feet due to an excellent design & rear 2nd floor cantilever. There are 3 fourplexes on the 300 block of 22nd St, the other structures both in front and behind are single lot SFRs (which are valued in the $1.75 to $2.5 million range). This building defines a fourplex which is suitable for an “owner-user” who intends to occupy one of the units (full time or as a beach close second home). High income tenants are naturally drawn to the area by nearby attractions including: The soft sands & ridable waves of Surf City, blufftop park/bike path, Beach Playground, Pier, Main Street Village, restaurants, shopping, entertainment, & numerous events (4th of July parade & fireworks, US Open of Surfing, Pacific Airshow, & more). The building next door 317 22nd Street is also available. This is the first time these properties (317 & 321 22nd St) have been offered for sale in 40 years. They are arguably the best owner user quality buildings that have come on the market in several years. The mix of units includes (two) 3 BR – 2.5 BA units, (one) 2 BR – 1 Ba unit, and (one) 1BR – 1BA unit. Each 3 bedroom unit has two garage spaces, and there is one garage space each for the other two units (for a total of 6 garage spaces). There is onsite parking for two additional cars. Built in 1973, and individually metered for gas & electric. The building is only 6 blocks from award winning Elementary & Middle Schools – 10 blocks from Huntington Beach High School (which offers the Academy of Performing Arts and Nationally Ranked athletics programs). Fantastic upside potential - Current rents can be increased significantly to estimated market levels. Contact Listing Agent for rent comparables. Given its proximity to beach, pier, and Main Street Village, this offering represents an attractive opportunity to rehab and substantially increase rental income for the long term income property investor or owner occupant. The location & two large 3 bedroom “front” units makes these buildings “ideal” for partnerships. Note: 317 22nd Street is a “model match” building with same footprint & floorplans on the same size (50’ X 115’) lot.

MLS #:
OC24051425
Lot Size
5,875 SQFT
Type
Multifamily
Year Built
1973
Style
Traditional
County
Orange County
Community
Downtown Area (Down)

Listed By

Scot Campbell, Coldwell Banker Campbell Realtors, Contact: 714-336-0394
Source
CRMLS
Last checked Apr 24 2024 at 7:01 AM GMT+0000
Bathroom Details
Interior Features
  • Laundry: Common Area
Subdivision
  • Downtown Area (down)
Lot Information
  • Sprinklers In Front
Property Features
  • Fireplace: Living Room
  • Foundation: Slab
Heating and Cooling
  • Natural Gas
Flooring
  • Carpet
Exterior Features
  • Roof: Flat
Utility Information
  • Utilities: Water Source: Public, Natural Gas Connected, Electricity Connected, Water Connected, Sewer Connected
  • Sewer: Public Sewer, Sewer Tap Paid
Parking
  • Garage
Stories
  • 2
Additional Listing Info
  • Buyer Brokerage Commission: 2.000
Location
   
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Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.