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731 Owen Dr, Huntington Beach, CA 92648
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731 Owen Dr Huntington Beach, CA 92648

$2,200,000 Sold Price as of 05/20/2021
  • 8 Beds
  • 6 Baths
  • 4,584 Sq.Ft.
Sold
$2,200,000 Sold Price as of 05/20/2021 Refinance Your Mortgage
Map preview of 731 Owen Dr, Huntington Beach, CA 92648

Property Overview: 731 Owen Dr Huntington Beach, CA has 8 bedrooms, 6 bathrooms, 4,584 living square feet and 6,534 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 731 Owen Drive is a 6-unit multifamily investment property located in Huntington Beach, one of the premier housing markets nationwide. Built in 1962, 731 Owen Drive consists of two, studio and four, two-bedroom units and offers amenities including private garage parking and security doors. In 2019, the property underwent significant renovations to the exterior and four of the six interior units.

Listed by Kurt Hediger | BRE #01846649 | Marcus & Millichap RE Invest
Last checked: 15 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 428

Home details

Lot Sq. Ft
6,534
HOA Dues
$0/mo
Year built
1962
Garage
6 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC20031718
City
Huntington Beach
County
Orange
Time on Site
1531 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: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $2,700
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 4
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,050
  • Total Rent: $8,200
  • Pro Forma/Market Rent: $2,295
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $134,940
  • Net Operating Income: $94,441
  • Gross Operating Income: --
  • Vacancy Allowance: $4,048
Annual Expense Breakdown
  • Total Operating Expense: $36,451
  • Electric: $1,011
  • Gas/Fuel: $1,011
  • New Taxes: $25,957
  • Trash: $1,011
  • Insurance: $1,050
  • Maintenance: $3,000
  • Professional Management: $300
  • Water/Sewer: $1,011
  • Other Expenses: $2,100
  • Other Expense Description: Misc

Property Details for 731 Owen Dr

Interior Features
Laundry Information
  • Has Laundry
  • Electric Dryer Hookup, Washer Hookup
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: Landscaped
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 6
  • Parcel Number: 02518125
  • Year Built Source: Appraiser
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Cross Streets: Beach Boulevard & Owen
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Huntington Beach Agent

Sale History for 731 Owen Dr

Last sold for $2,200,000 on May 20th, 2021

  • May, 2021

  • May 22, 2021

    Date

    Sold

    CRMLS: OC20031718

    $2,200,000

    Price

  • Apr 15, 2021

    Date

    Pending

    CRMLS: OC20031718

    $2,230,000

    Price

  • Feb 12, 2020

    Date

    Active

    CRMLS: OC20031718

    $2,230,000

    Price

  • July, 2019

  • Jul 19, 2019

    Date

    Sold (Public Records)

    Public Records

    $2,025,000

    Price

  • January, 2019

  • Jan 3, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,660,000

    Price

Show More

Tax History for 731 Owen Dr

Assessed Value (2020): $2,025,000
Year Land Value Improved Value Assessed Value
2020 $1,665,000 $360,000 $2,025,000

Home Value Compared to the Market

This property vs the competition

731 Owen Dr sold on May 20, 2021 for 78.4% higher than the current median sold price for the city of Huntington Beach which is $1,250,000. The median sold price per/sqft for Huntington Beach is $790 and this home is sold at $486.47 per/sqft which puts the price per square foot 38.42% lower than the current median sale per square foot for the city of Huntington Beach.

About 731 Owen Dr

Detailed summary of property

731 Owen Dr is a multi family that recently sold in Huntington Beach, CA 92648. This multi family property offered 8 bedrooms, 6 bathrooms, roughly 4,584 living square feet, and sits on an approximately 6,534 square foot lot. 731 Owen Dr was first listed on ArdentRealEstateGroup.com on July 11, 2020. The homeowner sold the property for $2,200,000. Home in Huntington Beach are selling for a median price of $1,250,000 and a median price per square foot of $790. Based on Ardent Real Estate Group's Huntington Beach Market Data, this home is sold 78.4% higher than the current median priced home. Local homes that are currently for sale include 219 Santa Isabel Ave, 12621 Morningside Ave and 13052 Rockinghorse Rd. While the average home in Huntington Beach, CA is selling in 63 days, 731 Owen Dr has a days on market of 428 days. There are currently 398 homes for sale in the Huntington Beach real estate market and 280 of them are single family homes while 93 of them are condos and 25 are townhomes. For more information on this home for sale at 731 Owen Dr 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 731 Owen Dr

Public county record property details
Beds
--
Baths
--
Year built
1962
Sq. Ft.
4,584
Lot Size
7,141
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
8
APN
025-181-25

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
$1,795,000
Median List Price/Sq.Ft.
$886
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%)

Thinking of Selling?

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(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.

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