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    7762 Ronald Drive

    Huntington Beach, CA 92647
    • $2,925,000
    • STATUS: Closed
    • ON SITE: 40 days
    • ID#: NP20256161
    Sold - 01/15/2021
    $2,925,000
    SOLD - 01/15/2021
    • 0
      BEDS
    • 0.64
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,849
      SQFT
    • $427
      $/SQFT
    Neighborhood:
    699 - Not Defined
    Type:
    Multi-Family
    Built:
    1961
    County:
    Orange
    Area:
    699 - Not Defined

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    Description

    Offered for sale for the first time in over two decades, this value-add investment is comprised of 9 residential income units located at 7762, 7772, and 7842 Ronald Drive. Each single-story building has 3 units with a mix of one and two bedrooms. All units enjoy ample outdoor space with a charming grassy courtyard along with individual private fenced rear yards. Each building has its own laundry room and ample parking is offered with carports. Recent improvements include upgraded flooring in select units as well as new roofs on all buildings.

    Sold by Daniel Blackwell of Cb Richard Ellis, Inc..

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-21T18:30:27.56. 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 deemed reliable but is not guaranteed accurate by the MLS or Powerhouse Real Estate. Licensed in the State of California, USA.

    www.thepowerhouserealestate.com/homes/112564031
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    7762 Ronald Drive Huntington Beach, CA 92647

    • Price: $3,150,000
    • Status: Closed
    • Updated: 47 min ago
    • ID#: NP20256161
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.64
    Acres
    6,849
    SQFT
    $427
    $/SQFT
    1961
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Orange
    Area:
    699 - Not Defined
    Property Description
    Offered for sale for the first time in over two decades, this value-add investment is comprised of 9 residential income units located at 7762, 7772, and 7842 Ronald Drive. Each single-story building has 3 units with a mix of one and two bedrooms. All units enjoy ample outdoor space with a charming grassy courtyard along with individual private fenced rear yards. Each building has its own laundry room and ample parking is offered with carports. Recent improvements include upgraded flooring in select units as well as new roofs on all buildings.
    Exterior Features

    Carport Spaces 3.00 Garage Spaces 0.00 Lot Features Cul-De-SacGarden Lot Size Source Assessor Lot Size Units Square Feet Parking Features Carport Parking Total 3.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Community Levels One

    Property Features

    Additional Parcels Description 165-302-04165-302-11 Additional Parcels YN Yes Building Area Units Square Feet Community Features Curbs Country Us Electric Expense 612.00 Elevation Units Feet Fuel Expense 2412.00 Gardener Expense 2160.00 Gross Income 139440.00 Gross Operating Income 139440.00 Gross Scheduled Income 139440.00 Insurance Expense 6197.00 Land Lease YN No Laundry Equipment Own Lease Lease Laundry Income 240.00 Laundry YN Yes Maintenance Expense 4800.00 Net Operating Income 109593.00 New Construction YN No New Taxes Expense 34627.00 Number Of Separate Electric Meters 9 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 3 Number Of Units Leased 9 Number With Dishwasher 1 Number With Disposal 9 Number With Range 9 Operating Expense 29847.00 Other Income1 4644.00 Professional Management Expense 5796.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricity Total Expenses 61608.00 Trash Expense 2772.00 Vacancy Allowance Rate 0.00 Water Sewer Expense 2232.00 Water Source Public Year Built Source Public Records

    Listing provided courtesy of Kacey Taormina of Compass


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-21T18:30:27.56. 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 deemed reliable but is not guaranteed accurate by the MLS or Powerhouse Real Estate. Licensed in the State of California, USA.

     
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