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2501 Florida St, Huntington Beach, CA 92648
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2501 Florida St Huntington Beach, CA 92648

$3,300,000
  • 12 Beds
  • 13 Baths
  • 6,605 Sq.Ft.
For Sale
$3,300,000 Get Pre-Qualified
Map preview of 2501 Florida St, Huntington Beach, CA 92648

Property Overview: 2501 Florida St Huntington Beach, CA has 12 bedrooms, 13 bathrooms, 6,605 living square feet and 9,472 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: Florida Street Townhomes is a 6-unit value-add investment opportunity with projected obtainable rental upside. The property has undergone a partial renovation including interiors along with recent exterior woodwork, paint and roof. Florida features strong in-place cashflow with upside as neighboring property (directly adjacent property) has proven market rents. The residents of Florida Street enjoy access to world class beaches, entertainment venues and easy access to the top employment centers in Southern California. The property is comprised of large (1) one bedroom, one-bath, (1) two-bedroom, two-bath, (3) two-bedroom, two and one half bath townhomes, and (1) three-bedroom, two and one half bath townhome. The units are 1,100 SQFT on average. The property has 11 total garage spaces, ten of which are direct access. Partial interior renovation includes, quartz/granite counters, upgraded cabinets, stainless appliances, dishwashers, tile and vinyl plank flooring, and side by side washer/dryers. Each unit features an enclosed patio or exterior balcony, the three bedroom unit includes both.

Listed by Peter Hauser | BRE #00856966 | NorthMarq Realty Services, Inc
Last checked: 5 minutes ago | Last updated: September 6th, 2024 | Source CRMLS | DOM: 9

Home details

Lot Sq. Ft
9,472
HOA Dues
$0/mo
Year built
1977
Garage
11 Car
Property Type:
Apartment
Status
Active
MLS#
OC24185301
City
Huntington Beach
County
Orange
Time on Site
10 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 6
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,760
  • Total Rent: $1,760
  • Pro Forma/Market Rent: $2,425
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,937
  • Total Rent: $2,937
  • Pro Forma/Market Rent: $3,250
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,284
  • Total Rent: $3,284
  • Pro Forma/Market Rent: $3,550
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 3
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,017
  • Total Rent: $3,017
  • Pro Forma/Market Rent: $3,795
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.69%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $210,816
  • Net Operating Income: $154,678
  • Gross Operating Income: --
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $55,314
  • Electric: $1
  • Gas/Fuel: $1
  • Trash: $1
  • Insurance: $1
  • Professional Management: $1
  • Water/Sewer: $1

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Property Details for 2501 Florida St

Interior Features
Laundry Information
  • Has Laundry
  • Dryer Included, Gas Dryer Hookup, Washer Hookup, Washer Included
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 11
  • # of Parking Spaces: 11
  • Has Parking
  • Parking Features: Direct Garage Access
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 02511158
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Yorktowne (YORK)
  • Directions: Located off of Florida Street and Yorktown
Neighborhood Information
  • Community Features: Biking
View more facts & features

Local Huntington Beach Agent

Sale History for 2501 Florida St

Last leased for $2,600 on April 4th, 2022

  • September, 2024

  • Sep 6, 2024

    Date

    Active

    CRMLS: OC24185301

    $3,300,000

    Price

  • January, 2024

  • Jan 1, 2024

    Date

    Expired

    CRMLS: OC23141045

    $3,200,000

    Price

  • Jul 31, 2023

    Date

    Active

    CRMLS: OC23141045

    $3,200,000

    Price

  • Listing provided courtesy of CRMLS

    2501 Florida Street is a 6-unit, two-story apartment community built in 1977. Located in the city of Huntington Beach, California, situated on .22 acres of land, this property contains one building constructed of wood frame, and stucco. The roof system is flat built up with a portion composition shingle pitched. Florida Street Apartments is comprised of (1) one bedroom, one-bath, (1) two-bedroom, two-bath, (3) two-bedroom, two and one half bath townhomes, and (1) three-bedroom, two and one half bath townhome. Each unit features side-by-side washers and dryers. The property has 11 total garage spaces, ten of which are direct access. Florida is a value-add opportunity with proven out market rents by neighboring properties in the submarket. All apartment homes feature patios or decks with an average unit size of over 1,100 SQFT.

  • April, 2022

  • Apr 4, 2022

    Date

    Leased

    CRMLS: OC22060657

    $2,600

    Price

  • Mar 26, 2022

    Date

    Active

    CRMLS: OC22060657

    $2,600

    Price

  • Listing provided courtesy of CRMLS

    UPSTAIRS end unit , 2 master bedrooms, sunny apartment. This unit has high ceilings in all rooms, laminate flooring and mirrored closets in the bedrooms and beautiful tile floor in the living room/kitchen area. Large deck off one bedroom, big enough for a bbq and a patio set. W/D hookup in the detached single car garage. Breakfast bar in kitchen plus dining area. remodeled bathrooms and kitchen.

  • March, 2015

  • Mar 12, 2015

    Date

    Sold (Public Records)

    Public Records

    $2,080,000

    Price

  • June, 2014

  • Jun 30, 2014

    Date

    Sold (Public Records)

    Public Records

    $1,825,000

    Price

Show More

Tax History for 2501 Florida St

Assessed Value (2020): $2,285,792
Year Land Value Improved Value Assessed Value
2020 $1,538,515 $747,277 $2,285,792

Home Value Compared to the Market

This property vs the competition

2501 Florida St is listed 121.63% higher than the median list price for the city of Huntington Beach which has a median list price of $1,489,000. The median price per/sqft for Huntington Beach is $782 and this home is listed at $499.62 per/sqft which puts the price per square foot 36.11% lower than the median price per square foot for the city of Huntington Beach.

About 2501 Florida St

Detailed summary of property

2501 Florida St is a apartment located in Huntington Beach, CA 92648 and is currently for sale. This apartment offers 12 bedrooms, 13 bathrooms, roughly 6,605 living square feet, and sits on an approximately 9,472 square foot lot. 2501 Florida St was first listed on ArdentRealEstateGroup.com on September 6, 2024. The homeowner is currently asking $3,300,000. The median priced home in Huntington Beach is $1,489,000 with a median price per square foot of $782. Based on Ardent Real Estate Group's Huntington Beach Market Data, this home is listed 121.63% higher than the median priced home. Local competing homes currently for sale include 205 40th St, 410 Clubhouse Ave and 507 29th St. While the average home in Huntington Beach, CA is selling in 61 days, 2501 Florida St has a days on market of 9 days. There are currently 399 homes for sale in the Huntington Beach real estate market and 281 of them are single family homes while 92 of them are condos and 26 are townhomes. For more information on this home for sale at 2501 Florida 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 2501 Florida St

Public county record property details
Beds
--
Baths
--
Year built
1977
Sq. Ft.
6,605
Lot Size
9,257
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
8
APN
025-111-58

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
$1,699,000
Median List Price/Sq.Ft.
$884
Median Sold Price
$1,300,000
Median Sold Price/Sq.Ft.
$890
Total Inventory
135
Median Sale to List Price %
88.14%
Avg Days on Market
31
Loan Type
Conventional (27.59%), FHA (0%), VA (0%), Cash (27.59%), Other (44.83%)

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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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