Lot Size:5,862 Sq. Ft.
Office:Villa Real Estate
Agent Name:Courtney Lucas
Office Name:Villa Real Estate
Opportunity abounds in this charming, viable, three-unit (triplex), double lot, investor's dream property in downtown Huntington Beach. Each front unit is two bedrooms and one bathroom; the third unit above the garage is one bedroom and one bathroom. There is a two car garage, parking pad for two additional cars, and shared laundry within the garage. Located mere steps from the ocean and from all of Main Street's offerings, this property is ideal for years of passive income. Eventual remodeling or complete reconstruction opportunities are endless - anything from simple TLC (some TLC is warranted in the near future), to grand upgrades, to outright razing and conversion into two or more residences via lot splitting, ADUs and/or new SB9 (check with city on full construction potential), creating countless opportunities to rebuild and maximize this prime parcel. Don't want to spend money on new construction, prefer passive income from day one - not a problem - these beach homes are light and bright with two great month-to-month tenants in-place in the front units and the third unit above the garage will soon be vacant. Reminiscent of classic beach bungalows, with ample front yards and an enormous courtyard space, these properties are a tenants' dream (and therefore an investors' opportunity). The street is among the best in all of Huntington Beach, with a true neighborhood feel, complete with friendly neighbors and the occasional lemonade stands. No oil well on this prime parcel! Do not, do not, disturb the wonderful tenants!
Price Change History
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Address:421 9th Street Huntington Beach, CA 92648
Area:15 - West Huntington Beach
Subdivision:Downtown Area (Down)
Building Area: 2545.0
Number of Buildings: 2
Total Units: 3
Unit 1: 1 Unit • 2 Beds • 1 Bath • Unfurnished • $1,900 actual rent • $1,900 total rent • $2,500 pro forma
Unit 2: 1 Unit • 2 Beds • 1 Bath • Unfurnished • $1,900 actual rent • $1,900 total rent • $2,500 pro forma
Unit 3: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $2,200 pro forma
Garage Spaces: 2.0
Parking Total: 2.0
Features / Amenities
Laundry: In Garage
Common Walls: No Common Walls
Heating: Wall Furnace
Lot Size: 0.13 Acres / 5,862 Sq. Ft.
Lot Features: Front Yard, Lawn, ValueInLand
Utilities: Electricity Connected, Sewer Connected, Water Connected
Sewer: Public Sewer
Directions:from PCH, turn north on 9th St., drive to 421, you're there!
Tax and Financial Info
Gross Income: $45,600
Gross Scheduled Income: $45,600
Net Operating Income: $42,600
Insurance Expense: $1,500
Other Expense: $3,000
Operating Expense: $3,000
Land Lease: No
WALKING AND TRANSPORTATION
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