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504 Clay Ave Huntington Beach, CA 92648

$2,500,000 Sold Price as of 05/05/2020

11 Beds
10 Baths
5,600 Sq.Ft.

Sold

$2,500,000 Sold Price as of 05/05/2020 Refinance Your Mortgage

Map preview of 504 Clay Ave, Huntington Beach, CA 92648

Property Overview: 504 Clay Ave Huntington Beach, CA has 11 bedrooms, 10 bathrooms, 5,600 living square feet and 10,001 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The Clay Property is a rare opportunity to own an investment property in Huntington Beach located on an island parcel of property. As it stands, the building has multiple entries and ample parking surrounding the property, as well as no neighbors! Each unit has its own private garage and private outdoor space. Opportunity exists for a buyer to come in and add value through strategic upgrades, use of exterior common space, and future development. Most of the units are remodeled with granite countertops and laminate flooring throughout. Investors will use the strategic advantages of the property to realize increased gains in income for years to come!

Listed by Gary Tolfa | BRE #00955403 | Triqor Group

Last checked: 6 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 31

Home details

Lot Sq. Ft: 10,001
HOA Dues: $0/mo
Year built: 1984
Garage: 7 Car
Property Type:: Multi Family

Status: Sold
MLS#: PW19283537
City: Huntington Beach
County: Orange
Time on Site: 1453 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 7
Total # of Buildings: 1
# of Electric Meters: 7
# of Gas Meters: 7
# of Water Meters: 1

Unit Breakdown 1

# of Units: 3
# of Beds: 1
# of Baths: 1
Garage Spaces: 3
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,553
Total Rent: $4,659
Pro Forma/Market Rent: $1,800

Unit Breakdown 2

# of Units: 3
# of Beds: 2
# of Baths: 2
Garage Spaces: 3
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,883
Total Rent: $5,649
Pro Forma/Market Rent: $2,300

Unit Breakdown 3

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,950
Total Rent: $1,950
Pro Forma/Market Rent: $2,300

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 3.8%
Gross Rent Multiplier: 17.33
Gross Scheduled Income: $147,168
Net Operating Income: $97,232
Gross Operating Income: --
Vacancy Allowance: $4,415

Annual Expense Breakdown

Total Operating Expense: $45,521
Electric: $0
Gas/Fuel: $0
New Taxes: $30,017
Trash: $0
Insurance: $1,960
Professional Management: $0
Water/Sewer: $0
Other Expenses: $6,160
Other Expense Description: Util.

Property Details for 504 Clay Ave

Interior Features

Laundry Information

Has Laundry
Community

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 7
# of Parking Spaces: 7

Lot Information

Lot Features: Landscaped
Common Interest: None

Property Information

Common Walls: 2+ Common Walls
Total # of Units: 7
Parcel Number: 02511201
Year Built Source: Public Records
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Directions: Please Contact Listing Agent For All Directions

Neighborhood Information

Community Features: Suburban

View more facts & features

Local Huntington Beach Agent

Sale History for 504 Clay Ave

Last sold for $2,490,000 on May 5th, 2020

May, 2020
May 6, 2020

Date

Sold

CRMLS: PW19283537

$2,500,000

Price
Mar 9, 2020

Date

Pending

CRMLS: PW19283537

$2,550,000

Price
Jan 21, 2020

Date

Hold

CRMLS: PW19283537

$2,550,000

Price
Jan 21, 2020

Date

Active

CRMLS: PW19283537

$2,550,000

Price
Jan 21, 2020

Date

Hold

CRMLS: PW19283537

$2,550,000

Price
Jan 18, 2020

Date

Active

CRMLS: PW19283537

$2,550,000

Price
Jan 17, 2020

Date

Hold

CRMLS: PW19283537

$2,550,000

Price
Dec 19, 2019

Date

Active

CRMLS: PW19283537

$2,550,000

Price
May, 2020
May 5, 2020

Date

Sold (Public Records)

Public Records

$2,490,000

Price
January, 2013
Jan 31, 2013

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 504 Clay Ave

Assessed Value (2020): $1,631,046

Year	Land Value	Improved Value	Assessed Value
2020	$1,276,724	$354,322	$1,631,046

Home Value Compared to the Market

This property vs the competition

504 Clay Ave sold on May 5, 2020 for 96.15% higher than the current median sold price for the city of Huntington Beach which is $1,300,000. The median sold price per/sqft for Huntington Beach is $744 and this home is sold at $455.36 per/sqft which puts the price per square foot 38.8% lower than the current median sale per square foot for the city of Huntington Beach.

About 504 Clay Ave

Detailed summary of property

504 Clay Ave is a multi family that recently sold in Huntington Beach, CA 92648. This multi family property offered 11 bedrooms, 10 bathrooms, roughly 5,600 living square feet, and sits on an approximately 10,001 square foot lot. 504 Clay Ave was first listed on ArdentRealEstateGroup.com on July 11, 2020. The homeowner sold the property for $2,500,000. Home in Huntington Beach are selling for a median price of $1,300,000 and a median price per square foot of $744. Based on Ardent Real Estate Group's Huntington Beach Market Data, this home is sold 96.15% higher than the current median priced home. Local homes that are currently for sale include 12702 Morningside Ave, 933 S Roberts St and 263 Corona Ave. While the average home in Huntington Beach, CA is selling in 56 days, 504 Clay Ave has a days on market of 31 days. There are currently 355 homes for sale in the Huntington Beach real estate market and 237 of them are single family homes while 88 of them are condos and 29 are townhomes. For more information on this home for sale at 504 Clay 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 504 Clay Ave

Public county record property details

Beds: --
Baths: --
Year built: --
Sq. Ft.: --
Lot Size: 10,001
Stories: --

Type: Multi-Family Dwellings (Generic, Any Combination 2+)
Pool: No
Spa: No
County: Orange
Lot#: A
APN: 025-112-01

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

$1,490,000

Median List Price/Sq.Ft.

$875

Median Sold Price

$1,350,000

Median Sold Price/Sq.Ft.

$801

Total Inventory

116

Median Sale to List Price %

96.77%

Avg Days on Market

Loan Type

Conventional (41.67%), FHA (0%), VA (0%), Cash (27.78%), Other (30.56%)

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

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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.