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218 Indianapolis Ave, Huntington Beach, CA 92648
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218 Indianapolis Ave Huntington Beach, CA 92648

$2,695,000
  • 7 Beds
  • 5 Baths
  • 4,500 Sq.Ft.
For Sale
$2,695,000 Get Pre-Qualified
Map preview of 218 Indianapolis Ave, Huntington Beach, CA 92648

Property Overview: 218 Indianapolis Ave Huntington Beach, CA has 7 bedrooms, 5 bathrooms, 4,500 living square feet and 7,841 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: HUGE PRICED REDUCTION. Don't miss this opportunity! One-of-a-kind Triplex with a huge private custom home in the front and two detached one-bedroom units in the back above the four single car garages. This rare triplex sits on an oversized lot spanning over 7,800 square feet, boasting an impressive 60 feet of frontage, and is a stone's throw away from the beach and Main Street. The centerpiece of this property is the detached stunning, remodeled Spanish-style home. With five bedrooms and three full bathrooms spread across two spacious levels offering an expansive layout that features coffered ceilings, elegant Spanish arches, and an abundance of natural light. The main level hosts two bedrooms and one full bath, an open living and dining area, a chef's kitchen, and a cozy family room complete with a wet bar and fireplace. Upstairs, you'll find three additional bedrooms and two full bathrooms, including an oversized master suite with a spacious floor plan, fireplace, walk-in closet, and ensuite shower & tub combo. The home has been thoughtfully upgraded with brand-new windows and coverings, luxury vinyl flooring, paint, and stainless-steel appliances. The exterior of the property has been equally enhanced featuring a new concrete driveway for three cars, a private deck with all new fencing, and newly installed sprinkler drip system with beautiful water-efficient landscaping featuring a variety of fruit and vegetable plants. In addition to the main house, this property also includes two oversized units tucked away in the back, each with one bedroom that will be delivered vacant and awaiting your personal touch. These units offer ultimate privacy from the main home, with their own entrance through the alley, private single-car garages, shared laundry & BBQ area, and two balconies each. This is a unique opportunity to create a multigenerational living space for your extended family or obtain monthly passive income north of $2,700 per unit. Whether you're an astute investor seeking a lucrative opportunity or an eager homeowner envisioning your forever home with the benefit of two additional units, this property offers boundless potential. With a gross monthly income exceeding $13,400 if fully rented, this is your chance to secure a generational asset in one of the most sought-after locations in Huntington Beach.

Listed by Kamfar Kyle Mirrafati | BRE #01911204 | Matthews Real Estate Investment Services
Last checked: 6 minutes ago | Last updated: April 30th, 2024 | Source CRMLS | DOM: 23
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Home details

Lot Sq. Ft
7,841
HOA Dues
$0/mo
Year built
1976
Garage
4 Car
Property Type:
Multi Family
Status
Active
MLS#
24373801
City
Huntington Beach
County
Orange
Time on Site
23 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $8,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.31%
  • Gross Rent Multiplier: 16.76
  • Gross Scheduled Income: --
  • Net Operating Income: $114,723
  • Gross Operating Income: $155,976
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 218 Indianapolis Ave

Sunday, May 5th: 1:00pm-5:00pm
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Property Details for 218 Indianapolis Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Central
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Driveway, Private
Lot Information
  • Lot Size Source: Estimated
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 02418116
  • Year Built Source: Estimated
  • Architectural Style: Spanish
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Subdivision Name: Downtown Area
  • Directions: See Google Maps
View more facts & features

Local Huntington Beach Agent

Sale History for 218 Indianapolis Ave

Last sold for $2,450,000 on June 14th, 2022

  • April, 2024

  • Apr 9, 2024

    Date

    Active

    CRMLS: 24373801

    $2,835,000

    Price

  • June, 2022

  • Jun 14, 2022

    Date

    Sold

    CRMLS: PW22089951

    $2,450,000

    Price

  • May 3, 2022

    Date

    Active

    CRMLS: PW22089951

    $2,385,000

    Price

  • Listing provided courtesy of CRMLS

    If you’re looking for a comfortable home to call your own or a quality investment close to Huntington Beach, this triplex is an opportunity you wouldn’t want to miss! Enjoy nearly $4,000 per month in passive income from the 2 detached 900 sqft 1-bedroom units while living in the generously sized primary home. Inside, its expansive layout offers an impressive four bedrooms, three full baths, including an open living and dining area, a fully equipped chef’s kitchen, a family room with a wet bar and fireplace, as well as a recreational room designed for modern living. Perhaps the best room in the house, the master bedroom is a blank canvas that features spacious floor plan with fireplace and an oversized ensuite with shower/tub combo. Enjoy weekend cookouts on the large deck that provides seclusion as you unwind. A gated driveway offers plenty of parking for the main house while two separate rear entries ensure the privacy of your tenants. It’s a fantastic location on a double lot that puts you in close proximity to the renowned Huntington Beach Pier. Come for a tour before someone else does!

  • June, 2022

  • Jun 14, 2022

    Date

    Sold

    CRMLS: PW22090335

    $2,450,000

    Price

  • May 3, 2022

    Date

    Active

    CRMLS: PW22090335

    $2,385,000

    Price

  • Listing provided courtesy of CRMLS

    If you’re looking for a comfortable home to call your own or a quality investment close to Huntington Beach, this triplex is an opportunity you wouldn’t want to miss! Enjoy nearly $4,000 in passive income from the 2 detached 1-bedroom units while living in the generously sized primary home with estimated rental income from $7,500 to $10,000 per month. Inside, its expansive layout offers an impressive 4 bedrooms, 3 baths, including an open living and dining area, a fully equipped chef’s kitchen, a family room with a wet bar and fireplace, as well as a recreational room designed for modern living. Perhaps the best room in the house, the main bedroom is a blank canvas that features lush carpeting and an oversized ensuite with a gorgeous shower/tub combo. A gated driveway with RV parking offers plenty of parking for the main house while two separate rear entries ensure the privacy of your tenants. It’s a fantastic location on a double lot that puts you in close proximity to the renowned Huntington Beach Pier.

  • January, 2022

  • Jan 11, 2022

    Date

    Leased

    CRMLS: PW22000648

    $1,875

    Price

  • Jan 3, 2022

    Date

    Active

    CRMLS: PW22000648

    $1,875

    Price

  • Listing provided courtesy of CRMLS

    Fantastic location in Downtown Huntington Beach! Back unit, second level triplex. Enjoy ocean breezes from two balconies, a spacious master bedroom with ample closet space, full bath and complete kitchen. The living room is perfect with balcony to enjoy the sea breezes. Walk or bike to your favorite Downtown Huntington Beach attractions including the Huntington Pier and World Famous Beaches. Don't miss this opportunity, this apartment rents out quickly! Ready for immediate move in! New paint and carpet! Sorry no pets.

  • November, 2020

  • Nov 24, 2020

    Date

    Leased

    CRMLS: PW20230995

    $1,685

    Price

  • Nov 2, 2020

    Date

    Active

    CRMLS: PW20230995

    $1,685

    Price

  • Listing provided courtesy of CRMLS

    Fantastic location in Downtown Huntington Beach! Back unit, second level triplex. Enjoy ocean breezes from two balconies, a spacious master bedroom with ample closet space, full bath and complete kitchen. The living room is perfect with balcony to enjoy the sea breezes. Walk or bike to your favorite Downtown Huntington Beach attractions including the Huntington Pier and World Famous Beaches. Don't miss this opportunity, this apartment rents out quickly! Ready for immediate move in! New paint and carpet! Sorry no pets.

  • November, 2020

  • Nov 1, 2020

    Date

    Expired

    CRMLS: PW20195404

    $1,685

    Price

  • Oct 31, 2020

    Date

    Active

    CRMLS: PW20195404

    $1,685

    Price

  • Oct 29, 2020

    Date

    Price Change

    CRMLS: PW20195404

    $1,685

    Price

  • Oct 29, 2020

    Date

    Hold

    CRMLS: PW20195404

    $1,885

    Price

  • Oct 2, 2020

    Date

    Price Change

    CRMLS: PW20195404

    $1,885

    Price

  • Sep 18, 2020

    Date

    Active

    CRMLS: PW20195404

    $1,875

    Price

  • Listing provided courtesy of CRMLS

    Fantastic location in Downtown Huntington Beach! Back unit, second level triplex. Enjoy ocean breezes from two balconies, a spacious master bedroom with ample closet space, full bath and complete kitchen. The living room is perfect with balcony to enjoy the sea breezes. Walk or bike to your favorite Downtown Huntington Beach attractions including the Huntington Pier and World Famous Beaches. Don't miss this opportunity, this apartment rents out quickly! Ready for immediate move in! New paint and carpet! Sorry no pets.

  • October, 2019

  • Oct 25, 2019

    Date

    Sold

    CRMLS: PW18276889

    $1,250,000

    Price

  • Oct 17, 2019

    Date

    Pending

    CRMLS: PW18276889

    $1,250,000

    Price

  • Jun 12, 2019

    Date

    Active Under Contract

    CRMLS: PW18276889

    $1,250,000

    Price

  • Nov 19, 2018

    Date

    Pending

    CRMLS: PW18276889

    $1,250,000

    Price

  • Nov 19, 2018

    Date

    Active

    CRMLS: PW18276889

    $1,250,000

    Price

  • Listing provided courtesy of CRMLS

    Triplex located in downtown Huntington beach. Four bedroom three bath home. Two additional units one bedroom one bathroom

  • October, 2019

  • Oct 24, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,250,000

    Price

  • November, 2018

  • Nov 19, 2018

    Date

    Canceled

    CRMLS: OC18267242

    $1,250,000

    Price

  • Nov 14, 2018

    Date

    Active Under Contract

    CRMLS: OC18267242

    $1,250,000

    Price

  • Nov 6, 2018

    Date

    Pending

    CRMLS: OC18267242

    $1,250,000

    Price

  • Nov 6, 2018

    Date

    Active

    CRMLS: OC18267242

    $1,250,000

    Price

  • Listing provided courtesy of CRMLS

    One of a like - Never before on the market : Large custom home with 2 apartment units. Located in the heart of downtown. Custom built for builder. Front home has 4 bedrooms, 3 baths and each apartment has 1 bedroom and 1 bath. Property features a four car garage

  • August, 2018

  • Aug 22, 2018

    Date

    Canceled

    CRMLS: PW18111018

    $1,000,000

    Price

  • Aug 2, 2018

    Date

    Price Change

    CRMLS: PW18111018

    $1,000,000

    Price

  • Jul 17, 2018

    Date

    Price Change

    CRMLS: PW18111018

    $2,000,000

    Price

  • May 11, 2018

    Date

    Pending

    CRMLS: PW18111018

    $1,000,000

    Price

  • May 11, 2018

    Date

    Active

    CRMLS: PW18111018

    $1,000,000

    Price

  • Listing provided courtesy of CRMLS

    short sale subject to lender approval . this is a double lot with a large home in the front 4 bedrooms 3 bath, with 2 apartments in the back that are 1 bedroom and 1 bath... front house receives rental income of 3,950.00 per month 1 back unit 1,550 per month other 1 back unit 1,400 per month. 4 car garages in alley. Now accepting highest and best offer.. excellent location in downtown Hunington Beach, drive-by-only. interior inspection with accepted offer only. all are tenant occupied.. do not disturb tenants.

  • August, 2006

  • Aug 16, 2006

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 218 Indianapolis Ave

Assessed Value (2020): $1,900,000
Year Land Value Improved Value Assessed Value
2020 $1,577,211 $322,789 $1,900,000

Home Value Compared to the Market

This property vs the competition

218 Indianapolis Ave is listed 99.63% higher than the median list price for the city of Huntington Beach which has a median list price of $1,350,000. The median price per/sqft for Huntington Beach is $775 and this home is listed at $598.89 per/sqft which puts the price per square foot 22.72% lower than the median price per square foot for the city of Huntington Beach.

About 218 Indianapolis Ave

Detailed summary of property

218 Indianapolis Ave is a multi family located in Huntington Beach, CA 92648 and is currently for sale. This multi family property offers 7 bedrooms, 5 bathrooms, roughly 4,500 living square feet, and sits on an approximately 7,841 square foot lot. 218 Indianapolis Ave was first listed on ArdentRealEstateGroup.com on April 9, 2024. The homeowner is currently asking $2,695,000 and was originally asking $2,835,000. The median priced home in Huntington Beach is $1,350,000 with a median price per square foot of $775. Based on Ardent Real Estate Group's Huntington Beach Market Data, this home is listed 99.63% higher than the median priced home. Local competing homes currently for sale include 4822 Neely Circle, 208 41st St and 210 41st St. While the average home in Huntington Beach, CA is selling in 58 days, 218 Indianapolis Ave has a days on market of 23 days. There are currently 293 homes for sale in the Huntington Beach real estate market and 196 of them are single family homes while 66 of them are condos and 31 are townhomes. For more information on this home for sale at 218 Indianapolis 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 218 Indianapolis Ave

Public county record property details
Beds
3
Baths
1
Year built
1976
Sq. Ft.
1,422
Lot Size
6,843
Stories
1
Type
Single Family Residential
Pool
No
Spa
No
County
Orange
Lot#
12
APN
024-181-16

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
$1,499,000
Median List Price/Sq.Ft.
$783
Median Sold Price
$1,525,000
Median Sold Price/Sq.Ft.
$792
Total Inventory
100
Median Sale to List Price %
101.67%
Avg Days on Market
28
Loan Type
Conventional (36.36%), FHA (3.03%), VA (0%), Cash (45.45%), Other (15.15%)

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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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