206 Portland Avenue, Huntington Beach, CA 92648

$2,650,000

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List Price
$2,650,000
Status
ACTIVE
MLS#
OC26144065
Year Built
1975
Lot Size
6,098
Acres
0.14
Lot Location
Front Yard, Lawn
Days on Market
21
Property Type
Multifamily
Property Sub Type
Quadruplex
Stories
Two Levels
Neighborhood
Old Towne

Property Description

Rarely does an investment opportunity come along that perfectly captures the quintessential Huntington Beach lifestyle while offering solid fundamentals. Located at 206 Portland Ave, this well- maintained 4-plex is situated in the heart of one of Southern California’s most vibrant coastal pockets. Whether it’s grabbing a morning coffee downtown, heading to the pier for sunset, or exploring the local shops and restaurants, everything that makes HB famous is just moments away. The property consists of four generous 2-bedroom, 1-bathroom units, each designed for comfortable living. Every residential unit enjoys its own private outdoor space—either a yard, patio and/or balcony—perfect for soaking in the sun and sea breezes. Plus, the convenience of private garages for each unit is a major plus in this high-demand beach community. It has been lovingly cared for by a private owner for years, with a suite of recent capital improvements, both interior and exterior. The building is currently fully occupied by long-term tenants on month-to-month agreements, providing immediate cash flow with plenty of flexibility. The property also features separate on-site laundry facilities for additional income. Opportunities to own a highly desirable and well-maintained income property this close to the sand are few and far between. This is coastal living at its best—a blend of pride of ownership, a stellar location, and a smart investment for the long term.

Additional Information

Pool Description
None
Heat
Wall Furnace
View
Neighborhood
Roof
Flat
Garage Spaces Total
4
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
4
Gross Scheduled Income
$139,200
Operating Expense
48290

Listing courtesy of Listing Agent: Jody Clegg (info@jodyclegg.com) from Listing Office: Compass.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.