Huntington Beach, CA 92648,125 16th ST
Huntington Beach, CA 92648,125 16th ST
Huntington Beach, CA 92648,125 16th ST
39
$8,650,000
$8,990,000
3.8%
Est.Price: ?

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0.4 Acres Lot

125 16th ST Huntington Beach, CA 92648

Est. payment /mo
SOLD DATE : 05/29/2024

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Key Details

Sold Price $8,650,000

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Subdivision Downtown Area (Down)

MLS Listing ID OC24046070

Sold Date 05/29/24

HOA Y/N No

Year Built 1971

Lot Size 0.400 Acres

Property Description

Beachwood Apartments is a rare offering being the largest building presently available in Huntington Beach and the closest to the sand. It is located in the 100 block of Downtown Huntington Beach (built on 6 legal lots) and is less than 200 feet from Pacific Coast Highway. This is an owner-user area with the majority of nearby dwellings being condominiums from $1,000,000 to $1,750,000 and SFRs in the $2,000,000 to $6,000,000 range. High income tenants are naturally drawn to this building 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, and numerous events (4th of July parade & fireworks, US Open of Surfing, Pacific Airshow, & more). This is the first time the property has been offered for sale in 40 years and is arguably the best investment opportunity for upside rental potential in coastal Orange County. The mix of units includes (two) 3 BR – 2BA units, (three) 2BR – 2BA units, (eleven) 2BR – 1BA units, and (two) 1BR – 1BA units… several units have partial ocean views. 24 Garage Spaces. Built in 1971, and individually metered for gas & electric. The building is only 8 blocks from award winning Elementary & Middle Schools – 12 blocks from Huntington Beach High School (which offers the Academy of Performing Arts and Nationally Ranked athletics programs).

Location

State CA

County Orange

Area 15 - West Huntington Beach

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Laundry Common Area

Exterior

Garage Door-Single, Garage

Garage Spaces 24.0

Garage Description 24.0

Pool None

Community Features Biking, Curbs, Fishing, Storm Drain(s), Street Lights, Sidewalks, Water Sports

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

View Y/N Yes

View Ocean

Roof Type Flat

Total Parking Spaces 24

Private Pool No

Building

Lot Description Corner Lot, Rectangular Lot, Sprinkler System

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 02316703

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Scot Campbell • Coldwell Banker-Campbell Rltrs
Bought with General NONMEMBER • NONMEMBER MRML

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Kimber Wuerfel

Team Leader | License ID: 01314386

+1(714) 812-9155

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