218 Indianapolis Avenue Huntington Beach, CA $ 2,535,000
218 Indianapolis Avenue
$ 2,535,000
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218 Indianapolis Avenue

Huntington Beach, CA, 92648
$ 2,535,000
Bedrooms7 Baths5.0 Sq 4,500

Monthly Estimate*

$ 16,848

Listed by Matthews Real Estate Investment Services
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Multi-Family Home for sale in Huntington Beach, CA

for $2,535,000 with 7 bedrooms and 5 full baths. 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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Multi-Family Active

Price

$ 2,535,000

Bedrooms

7

Full Bath

5

Property Type

Multi-Family

Taxes

$ 0

Style

Spanish

Lot Size

0.18

Year Built

1976

Town/City

Huntington Beach

County/Region

Orange

MLS | Web ID

24373801

Days on Market

49

Features
General
Heating Central
Cooling None
Appliances Dishwasher Microwave
Garage Spaces 4.0
Architectural Style Spanish
Year Built 1976
Tenant Pays Electricity Gas
Stories 2
Levels Two
Gross Income 160800.0
County Orange
Net Operating Income 114723.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Subdivision Name Downtown Area
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions See Google Maps
City Huntington Beach
View Y/N N
Senior Community Y/N N
Open Parking Spaces 3.0
Total Units 3
MLS Area 15 - West Huntington Beach
Lot Size Square Feet 7841.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Indianapolis
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 44
Standard Status Active
Year Built Source Estimated
Cap Rate 4.31
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Exterior
Parking Features Driveway Private
Total Parking 7.0
Lot Size Area 7841.0
Number of Buildings 2
Spa N
Building Area Total 4500.0
Lot Size Acres 0.18
Lot Size Units SquareFeet
Lot Size Source Estimated
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Avenue
Total Bedrooms 7
Electric On Property Y/N N
Total Baths 5
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Internal Only
Street Number 1 218
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* Excluded Features
List By
Matthews Real Estate Investment Services

Broker

(949) 200-7494

Phone

Affordability Calculator

$16,848
Per Month
100%
0%
0%
Monthly Principal & Interest
$16,848
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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.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/14/2024$2,535,000 -4.16% Price Down
5/13/2024$2,645,000 -1.86% Price Down
4/23/2024$2,695,000 -4.94% Price Down
4/9/2024$2,835,000 Listed Price

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218 Indianapolis Avenue, Huntington Beach, CA, 92648 is a Multi-Family Home for sale at $2,535,000 with 4,500 sqft and a lot size of 0.18. 218 Indianapolis Avenue has 7 bedrooms, 5.0 baths, and was built in 1976. The property's zip code is 92648 which is in Huntington Beach, CA