Huntington Beach, CA 92648,321 22nd ST
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Huntington Beach, CA 92648,321 22nd ST
Huntington Beach, CA 92648,321 22nd ST
Huntington Beach, CA 92648,321 22nd ST
Huntington Beach, CA 92648,321 22nd ST

$2,712,500

Est. payment /mo

$2,750,000

1.4%
Est.Price: ?

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321 22nd ST Huntington Beach, CA 92648

5,876 Sqft Lot

SOLD DATE : 04/30/2024

Key Details

Sold Price $2,712,500

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Subdivision Downtown Area (Down)

MLS Listing ID OC24051425

Sold Date 04/30/24

HOA Y/N No

Year Built 1973

Lot Size 5,876 Sqft

Property 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.

Location

State CA

County Orange

Area 15 - West Huntington Beach

Interior

Heating Natural Gas

Cooling None

Flooring Carpet

Fireplaces Type Living Room

Fireplace Yes

Laundry Common Area

Exterior

Parking Features Garage

Garage Spaces 6.0

Garage Description 6.0

Pool None

Community Features Biking, Curbs, Fishing, Street Lights, Sidewalks, Water Sports

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Flat

Accessibility None

Total Parking Spaces 8

Private Pool No

Building

Lot Description Sprinklers In Front

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer, Sewer Tap Paid

Water Public

Architectural Style Traditional

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 02312503

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash

Special Listing Condition Standard, Trust

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California Regional MLS (CRMLS)
Listed by Scot Campbell • Coldwell Banker-Campbell Rltrs • 714-336-0394
Bought with Michael O'Neill II • CB Richard Ellis, Inc.

Summer Henry

Agent | License ID: 02237810

+1(562) 489-6263

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