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125 16th ST Huntington Beach, CA 92648
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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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Bought with General NONMEMBER • NONMEMBER MRML