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206 Chicago Ave, Huntington Beach, CA 92648
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206 Chicago Ave Huntington Beach, CA 92648

$3,250,000
  • 5 Beds
  • 5 Baths
  • 2,400 Sq.Ft.
For Sale
$3,250,000 Get Pre-Qualified
Map preview of 206 Chicago Ave, Huntington Beach, CA 92648

Property Overview: 206 Chicago Ave Huntington Beach, CA has 5 bedrooms, 5 bathrooms, 2,400 living square feet and 6,534 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: UNBELIEVABLE INVESTMENT OPPORTUNITY to become the next owner of an amazing, newly-remodeled 5 unit complex located on a DOUBLE LOT in the heart of Downtown Huntington Beach! There are two buildings on-site, one with 3 units in the front and one with 2 units in the back. Each unit is a 1 bed/1 bath with 480 sq of living space and their own respective patio/yard areas in front. When I say remodeled, I mean it was a COMPLETE renovation. Some of the upgrades include: brand new roof, new sewer lines, new PEX plumbing, new gas lines, new electrical (panels, meters, wires, outlets, switches, lights), new cabinets, New appliances (microwave, range (gas), dishwasher, W/D hookups (gas), new flooring, new paint, new hardscape/landscape, irrigation, new stucco and stacked stone, new doors and windows, New shower tile/glass (each unit has different color), and more! Each unit has its own parking spot at the rear of the property. After the remodel, the owner signed all new tenants with one year leases that initiated in August of 2023 at fair market rent for that time. Not easy finding a double lot investment property let alone one that is remodeled top to bottom and located within 3 blocks of the ocean and Pacific City. As of the moment writing this, there is nothing like it on the market in the area so do not wait to act as opportunities like these are fleeting.

Listed by Matthew Kanoudi | BRE #01419924 | The L3
Last checked: 11 minutes ago | Last updated: March 14th, 2024 | Source CRMLS | DOM: 33
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Home details

Lot Sq. Ft
6,534
HOA Dues
$0/mo
Year built
1956
Garage
--
Property Type:
Apartment
Status
Active
MLS#
OC24051859
City
Huntington Beach
County
Orange
Time on Site
44 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,700
  • Total Rent: $2,700
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,700
  • Total Rent: $2,700
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,650
  • Total Rent: $2,650
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,650
  • Total Rent: $2,650
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,650
  • Total Rent: $2,650
  • Pro Forma/Market Rent: $2,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $160,200
  • Net Operating Income: $116,365
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $43,385
  • Electric: $0
  • New Taxes: $35,000
  • Trash: $2,760
  • Insurance: $2,125
  • Professional Management: $0
  • Water/Sewer: $1,080
  • Other Expenses: $2,870

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Property Details for 206 Chicago Ave

Interior Features
Cooling Information
  • Has Cooling
  • See Remarks
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
Lot Information
  • Lot Features: Level with Street
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 5
  • Parcel Number: 02420320
  • Year Built Source: Appraiser
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Downtown Area (DOWN)
  • Directions: Off of Chicago and Alabama
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local Huntington Beach Agent

Sale History for 206 Chicago Ave

Last leased for $2,650 on August 1st, 2023

  • March, 2024

  • Mar 14, 2024

    Date

    Active

    CRMLS: OC24051859

    $3,250,000

    Price

  • August, 2023

  • Aug 1, 2023

    Date

    Leased

    CRMLS: OC23078184

    $2,650

    Price

  • May 6, 2023

    Date

    Active

    CRMLS: OC23078184

    $2,800

    Price

  • Listing provided courtesy of CRMLS

    This beautifully remodeled one bedroom, one bath unit is in an amazing location walking distance to down town Huntington Beach, the Huntington pier, Pacific City, and so many great restaurants and bars. With a brand new kitchen and bath, this very light and bright unit comes with a spacious and open floor plan. There is AC, built in wifi, and in-unit laundry hookups for stackable washer and dryer. Additionally, there is an outdoor patio perfect for a BBQ or storing your bikes. The unit comes with one reserved parking spot in the back of the building, and there is plenty of street parking on Chicago Ave. There are four available identical units, so it's first come first serve for the location of your unit! Available for immediate move in! Please inquire about pets. No large animals and non-smoking. Owner pays for water and trash. Tenant responsible for electricity and gas.

  • August, 2023

  • Aug 1, 2023

    Date

    Leased

    CRMLS: OC23078179

    $2,650

    Price

  • May 6, 2023

    Date

    Active

    CRMLS: OC23078179

    $2,800

    Price

  • Listing provided courtesy of CRMLS

    This beautifully remodeled one bedroom, one bath unit is in an amazing location walking distance to down town Huntington Beach, the Huntington pier, Pacific City, and so many great restaurants and bars. With a brand new kitchen and bath, this very light and bright unit comes with a spacious and open floor plan. There is AC, built in wifi, and in-unit laundry hookups for stackable washer and dryer. Additionally, there is an outdoor patio perfect for a BBQ or storing your bikes. The unit comes with one reserved parking spot in the back of the building, and there is plenty of street parking on Chicago Ave. There are four available identical units, so it's first come first serve for the location of your unit! Available for immediate move in! Please inquire about pets. No large animals and non-smoking. Owner pays for water and trash. Tenant responsible for electricity and gas.

  • July, 2023

  • Jul 1, 2023

    Date

    Leased

    CRMLS: OC23078193

    $2,650

    Price

  • May 6, 2023

    Date

    Active

    CRMLS: OC23078193

    $2,800

    Price

  • Listing provided courtesy of CRMLS

    This beautifully remodeled one bedroom, one bath unit is in an amazing location walking distance to down town Huntington Beach, the Huntington pier, Pacific City, and so many great restaurants and bars. With a brand new kitchen and bath, this very light and bright unit comes with a spacious and open floor plan. There is AC, built in wifi, and in-unit laundry hookups for stackable washer and dryer. Additionally, there is an outdoor patio perfect for a BBQ or storing your bikes. The unit comes with one reserved parking spot in the back of the building, and there is plenty of street parking on Chicago Ave. There are four available identical units, so it's first come first serve for the location of your unit! Available for immediate move in! Please inquire about pets. No large animals and non-smoking. Owner pays for water and trash. Tenant responsible for electricity and gas.

  • May, 2023

  • May 6, 2023

    Date

    Active

    CRMLS: OC23078150

    $2,800

    Price

  • Listing provided courtesy of CRMLS

    This beautifully remodeled one bedroom, one bath unit is in an amazing location walking distance to down town Huntington Beach, the Huntington pier, Pacific City, and so many great restaurants and bars. With a brand new kitchen and bath, this very light and bright unit comes with a spacious and open floor plan. There is AC, built in wifi, and in-unit laundry hookups for stackable washer and dryer. Additionally, there is an outdoor patio perfect for a BBQ or storing your bikes. The unit comes with one reserved parking spot in the back of the building, and there is plenty of street parking on Chicago Ave. There are four available identical units, so it's first come first serve for the location of your unit! Available for immediate move in! Please inquire about pets. No large animals and non-smoking. Owner pays for water and trash. Tenant responsible for electricity and gas.

  • April, 2022

  • Apr 21, 2022

    Date

    Pending

    CRMLS: OC22021824

    $2,250,000

    Price

  • Feb 11, 2022

    Date

    Active Under Contract

    CRMLS: OC22021824

    $2,250,000

    Price

  • Feb 9, 2022

    Date

    Coming Soon

    CRMLS: OC22021824

    $2,250,000

    Price

  • Listing provided courtesy of CRMLS

    This is a truly rare investment opportunity to own a 5-unit building on a DOUBLE LOT in an absolutely prime location of Huntington Beach less than half a mile from the beach and just moments away from fine dining and shopping at nearby Pacific City and Main Street. Investment opportunities like this simply don't hit the market often. These units have been lovingly maintained by a family with true pride of ownership and have personally managed the property. This double lot property has five 1BR/1BA units with two separate buildings (3 units in the front, 2 in the back), and each unit has its own designated parking spot and there is a sizable yard area. Properties like this very rarely hit the market, especially ones offering an unbeatable location such as this! This is a one-of-a-kind investment opportunity.

  • November, 2006

  • Nov 28, 2006

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 206 Chicago Ave

Assessed Value (2020): $193,736
Year Land Value Improved Value Assessed Value
2020 $119,786 $73,950 $193,736

Home Value Compared to the Market

This property vs the competition

206 Chicago Ave is listed 140.76% higher than the median list price for the city of Huntington Beach which has a median list price of $1,349,888. The median price per/sqft for Huntington Beach is $776 and this home is listed at $1354.17 per/sqft which puts the price per square foot 74.51% higher than the median price per square foot for the city of Huntington Beach.

About 206 Chicago Ave

Detailed summary of property

206 Chicago Ave is a apartment located in Huntington Beach, CA 92648 and is currently for sale. This apartment offers 5 bedrooms, 5 bathrooms, roughly 2,400 living square feet, and sits on an approximately 6,534 square foot lot. 206 Chicago Ave was first listed on ArdentRealEstateGroup.com on March 14, 2024. The homeowner is currently asking $3,250,000. The median priced home in Huntington Beach is $1,349,888 with a median price per square foot of $776. Based on Ardent Real Estate Group's Huntington Beach Market Data, this home is listed 140.76% higher than the median priced home. Local competing homes currently for sale include 16861 Green Ln, 112 28th St and 2711 W Balboa Blvd. While the average home in Huntington Beach, CA is selling in 59 days, 206 Chicago Ave has a days on market of 33 days. There are currently 291 homes for sale in the Huntington Beach real estate market and 197 of them are single family homes while 65 of them are condos and 29 are townhomes. For more information on this home for sale at 206 Chicago Ave 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 206 Chicago Ave

Public county record property details
Beds
--
Baths
--
Year built
1956
Sq. Ft.
1,426
Lot Size
6,118
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
18
APN
024-203-20

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
$1,475,000
Median List Price/Sq.Ft.
$783
Median Sold Price
$1,385,000
Median Sold Price/Sq.Ft.
$753
Total Inventory
98
Median Sale to List Price %
93.9%
Avg Days on Market
37
Loan Type
Conventional (34.62%), FHA (0%), VA (3.85%), Cash (42.31%), Other (19.23%)

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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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