218 Indianapolis Avenue
Huntington Beach, CA, 92648 $ 2,535,000
Baths0.0 Sq 4,500 Monthly Estimate*
$ 16,848
Studio
for $2,535,000. This 4,500 square foot home was built in 1976 on a lot size of 0.18.
HUGE PRICE ADJUSTMENT! MOTIVATED SELLERS! They have secured a property to purchase so don't miss this opportunity to acquire one of the lowest cost per sqft properties in Huntington Beach! One-of-a-kind Triplex with a huge private custom home in the front and two detached one-bedroom units in the back above the four single car garages. This rare triplex sits on an oversized lot spanning over 7,800 square feet, boasting an impressive 60 feet of frontage, and is a stone's throw away from the beach and Main Street. The centerpiece of this property is the detached stunning, remodeled Spanish-style home. With five bedrooms and three full bathrooms spread across two spacious levels offering an expansive layout that features coffered ceilings, elegant Spanish arches, and an abundance of natural light. The main level hosts two bedrooms and one full bath, an open living and dining area, a chef's kitchen, and a cozy family room complete with a wet bar and fireplace. Upstairs, you'll find three additional bedrooms and two full bathrooms, including an oversized master suite with a spacious floor plan, fireplace, walk-in closet, and ensuite shower & tub combo. The home has been thoughtfully upgraded with brand-new windows and coverings, luxury vinyl flooring, paint, and stainless-steel appliances. The exterior of the property has been equally enhanced featuring a new concrete driveway for three cars, a private deck with all new fencing, and newly installed sprinkler drip system with beautiful water-efficient landscaping featuring a variety of fruit and vegetable plants. In addition to the main house, this property also includes two oversized units tucked away in the back, each with one bedroom that will be delivered vacant and awaiting your personal touch. These units offer ultimate privacy from the main home, with their own entrance through the alley, private single-car garages, shared laundry & BBQ area, and two balconies each. This is a unique opportunity to create a multigenerational living space for your extended family or obtain monthly passive income north of $2,700 per unit. Whether you're an astute investor seeking a lucrative opportunity or an eager homeowner envisioning your forever home with the benefit of two additional units, this property offers boundless potential. With a gross monthly income exceeding $13,400 if fully rented, this is your chance to secure a generational asset in one of the most sought-after locations in Huntington Beach.
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FeaturesGeneralHeating Central
Architectural Style Spanish
Pool Features Private
Year Built 1976
Tenant Pays Electricity Gas
Levels Two
County Orange
Net Operating Income 114723.0
New Construction No
Property Type C
HOA / Comm Assn No
Subdivision Name Downtown Area
Status Active
City Huntington Beach
Buyer Agent Compensation 2.00
Senior Community Y/N No
MLS Area 15 - West Huntington Beach
Lot Size Square Feet 7841.0
Street Name Indianapolis
Standard Status Active
Year Built Source Estimated
Buyer Agent Compensation Type %
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InteriorKitchen Appliances Dishwasher Microwave
Total Stories 2
Common Walls No Common Walls
Air Conditioning Y/N No
Heating Y/N Yes
Street Suffix Avenue
Total Baths 0
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ExteriorParking Features None Driveway
Lot Size Area 7841.0
Foundation Details None
Building Area Total 4500.0
Lot Size Acres 0.18
Lot Size Units Square Feet
Land Lease Type Fee
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* Excluded FeaturesList ByKamfar Kyle MirrafatiListing Agent
Matthews Real Estate Investment ServicesBroker
Affordability Calculator
- Monthly Principal & Interest
- $16,848
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Huntington Beach, CA
Average List Price $2,748,214
Percent of Sale Price 8%
About Huntington Beach, CA 200,643 Population
5% Since 2002
$ 88,114 Median Income
42.31 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
5/14/2024 | $2,535,000 | -4.16% | Price Down |
5/13/2024 | $2,645,000 | -1.86% | Price Down |
4/30/2024 | $2,695,000 | -4.94% | Price Down |
4/9/2024 | $2,835,000 | | Listed Price |