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123 6Th St, Huntington Beach, CA 92648
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123 6Th St Huntington Beach, CA 92648

$5,000,000 Sold Price as of 04/04/2024
  • 3 Beds
  • 15 Baths
  • 7,672 Sq.Ft.
Sold
$5,000,000 Sold Price as of 04/04/2024 Refinance Your Mortgage
Map preview of 123 6Th St, Huntington Beach, CA 92648

Property Overview: 123 6Th St Huntington Beach, CA has 3 bedrooms, 15 bathrooms, 7,672 living square feet and 8,712 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Offered for the first time in more than 40 years, we are pleased to present 123 6th Street (also listed at 605 Walnut Avenue). At 15 units, this is one of the larger multifamily properties in downtown. Ideally located on the “100 Block,” residents are just steps from the beach, The Strand, and Main Street. By updating the units and bringing rents closer to market levels, the new owner can take advantage of enormous upside potential. The entire building was re-piped in 2005, and the electrical system was upgraded in 2004. Additionally, the roof was replaced in 2012, while the windows were redone in 2015.

Listed by Damien Breaux | BRE #01460301 | Morgan Skenderian
Last checked: 16 minutes ago | Last updated: April 4th, 2024 | Source CRMLS | DOM: 127

Home details

Lot Sq. Ft
8,712
HOA Dues
$0/mo
Year built
1926
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
PW23179086
City
Huntington Beach
County
Orange
Time on Site
250 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 15
  • Total # of Buildings: 1
  • # of Electric Meters: 16
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 13
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,128
  • Total Rent: $14,670
  • Pro Forma/Market Rent: $2,095
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $960
  • Total Rent: $960
  • Pro Forma/Market Rent: $2,495
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,925
  • Total Rent: $1,925
  • Pro Forma/Market Rent: $2,695
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 1.9%
  • Gross Rent Multiplier: 26.79
  • Gross Scheduled Income: $211,860
  • Net Operating Income: $106,045
  • Gross Operating Income: $205,504
  • Vacancy Allowance: $6,356
  • Laundry Income: $100
  • Laundry Own/Lease: Lease
  • Other Income Description: Laundry
Annual Expense Breakdown
  • Total Operating Expense: $99,459
  • Electric: $3,298
  • Gas/Fuel: $3,298
  • New Taxes: $62,027
  • Trash: $3,298
  • Gardener: $1,800
  • Insurance: $4,688
  • Maintenance: $12,330
  • Professional Management: $0
  • Water/Sewer: $3,298
  • Other Expenses: $2,000
  • Other Expense Description: Misc

Property Details for 123 6Th St

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 15
  • Parcel Number: 02415105
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Special Assessments
Location / Neighborhood
Location Information
  • Directions: PCH and 6th Street are the major cross streets.
Neighborhood Information
  • Community Features: Curbs, Gutters
View more facts & features

Local Huntington Beach Agent

Sale History for 123 6Th St

Last sold for $5,000,000 on April 4th, 2024

  • April, 2024

  • Apr 4, 2024

    Date

    Sold

    CRMLS: PW23179086

    $5,000,000

    Price

  • Sep 25, 2023

    Date

    Active

    CRMLS: PW23179086

    $5,675,000

    Price

  • March, 1993

  • Mar 4, 1993

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 123 6Th St

Assessed Value (2020): $772,166
Year Land Value Improved Value Assessed Value
2020 $263,161 $509,005 $772,166

Home Value Compared to the Market

This property vs the competition

123 6Th St sold on April 4, 2024 for 350.4% higher than the current median sold price for the city of Huntington Beach which is $1,260,000. The median sold price per/sqft for Huntington Beach is $767 and this home is sold at $739.7 per/sqft which puts the price per square foot 3.56% lower than the current median sale per square foot for the city of Huntington Beach.

About 123 6Th St

Detailed summary of property

123 6Th St is a apartment that recently sold in Huntington Beach, CA 92648. This apartment offered 3 bedrooms, 15 bathrooms, roughly 7,672 living square feet, and sits on an approximately 8,712 square foot lot. 123 6Th St was first listed on ArdentRealEstateGroup.com on September 25, 2023. The homeowner sold the property for $5,000,000. Home in Huntington Beach are selling for a median price of $1,260,000 and a median price per square foot of $767. Based on Ardent Real Estate Group's Huntington Beach Market Data, this home is sold 350.4% higher than the current median priced home. Local homes that are currently for sale include 124 Turquoise Ave, 5571 E Seaside and 728 Cerritos Ave. While the average home in Huntington Beach, CA is selling in 55 days, 123 6Th St has a days on market of 127 days. There are currently 325 homes for sale in the Huntington Beach real estate market and 221 of them are single family homes while 76 of them are condos and 28 are townhomes. For more information on this home for sale at 123 6Th St Huntington Beach, CA 92648 contact Ardent Real Estate Group and we will put you in touch with one of our Huntington Beach agents.

Public Facts for 123 6Th St

Public county record property details
Beds
--
Baths
--
Year built
1926
Sq. Ft.
7,672
Lot Size
9,101
Stories
1
Type
Commercial (General)
Pool
No
Spa
No
County
Orange
Lot#
23
APN
024-151-05

The source for these homes facts are from public records.

92648 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,549,000
Median List Price/Sq.Ft.
$839
Median Sold Price
$1,200,000
Median Sold Price/Sq.Ft.
$756
Total Inventory
111
Median Sale to List Price %
92.38%
Avg Days on Market
32
Loan Type
Conventional (40%), FHA (0%), VA (0%), Cash (34.29%), Other (25.71%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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