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7681 Ellis Ave, Huntington Beach, CA 92648
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7681 Ellis Ave Huntington Beach, CA 92648

$2,845,000
  • 12 Beds
  • 6 Baths
  • 5,155 Sq.Ft.
Back Up Offer
$2,845,000 Get Pre-Qualified
Map preview of 7681 Ellis Ave, Huntington Beach, CA 92648

Property Overview: 7681 Ellis Ave Huntington Beach, CA has 12 bedrooms, 6 bathrooms, 5,155 living square feet and 6,098 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: We are pleased to present this turnkey 5 unit apartment community located in the heart of Huntington Beach, at an in-place 5.04% cap rate (proforma 5.12%) and 14.59 GRM. This asset comprises an attractive unit mix of two 3-Bed/2-Bath units (~1,100 SF each) & three 2-Bed/1.5-Bath townhomes (~990 SF each). The property - interior and exterior - has been upgraded and professionally designed over the course of the last ~12 months, including windows, kitchens, bathrooms, lighting, appliances (including laundry in each unit), flooring, exterior paint, lighting & landscaping, roof (2019), partial plumbing and electric. In addition, the property now boasts a spectacular ~1,100 SF 3-Bed/2-Bath ADU. Qualified, market-rate, long-term tenants in place, these units leased FAST due to exquisite exterior and interior design, amenities like brand new kitchens & baths, private outdoor spaces, in-unit laundry, AC (ADU), and townhome-style layouts (3 units). Separate gas and electrical meters for each unit. NO LOCAL RENT CONTROL - subject only to AB 1482. Four on-site parking spaces too. Located in prime Orange County in one of the strongest rental markets. Short distance to beaches, HB Pier, neighborhood shopping center, grocery stores, trails and more.

Listed by Noam Srolovitz | BRE #02069623 | Kape Property Management, Inc.
Co-listed by Benjamin Lester | BRE #02033314 | Kape Property Management, Inc.
Last checked: 2 minutes ago | Last updated: June 24th, 2024 | Source CRMLS | DOM: 118
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Home details

Lot Sq. Ft
6,098
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Multi Family
Status
Back Up Offer
MLS#
24350231
City
Huntington Beach
County
Orange
Time on Site
117 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,995
  • Total Rent: $2,995
  • Pro Forma/Market Rent: $3,150
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,400
  • Total Rent: $3,400
  • Pro Forma/Market Rent: $3,700
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,700
  • Total Rent: $3,700
  • Pro Forma/Market Rent: $3,700
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $3,090
  • Pro Forma/Market Rent: $3,245
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $3,090
  • Pro Forma/Market Rent: $3,245
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.04%
  • Gross Rent Multiplier: 14.59
  • Gross Scheduled Income: --
  • Net Operating Income: $143,710
  • Gross Operating Income: $195,300
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 7681 Ellis Ave

Interior Features
Heating Information
  • Has Heating
  • Combination
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Inside
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave, Refrigerator, Gas Cooktop, Gas Oven, Oven
Interior Features
  • Ceiling Fan(s)
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Assigned
Property Information
  • Total # of Units: 5
  • Parcel Number: 15905507
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: West of Beach Blvd
View more facts & features

Local Huntington Beach Agent

Sale History for 7681 Ellis Ave

Last sold for $1,850,000 on September 13th, 2022

  • June, 2024

  • Jun 24, 2024

    Date

    Back Up Offer

    CRMLS: 24350231

    $2,845,000

    Price

  • Feb 29, 2024

    Date

    Active

    CRMLS: 24350231

    $2,950,000

    Price

  • September, 2022

  • Sep 13, 2022

    Date

    Sold

    CRMLS: PW22145654

    $1,850,000

    Price

  • Jul 5, 2022

    Date

    Active

    CRMLS: PW22145654

    $1,850,000

    Price

  • Listing provided courtesy of CRMLS

    Great fully leased Four-Plex with steady rental income in the heart of Huntington Beach! It comprised of 3 units of two Bedrooms 1.5 baths (approx 990 SF each) and 1 unit of three Bedrooms 1.5 baths (approx. 1,100 SF). Each unit has separate gas and electrical meters and own garage and one parking space. Property is well kept with newer roof. Located in prime Orange County in one of the strongest rental markets that is not subject to rent control. Short distance to beaches, HB Pier, neighborhood shopping center, trails and all of what Huntington Beach has to offer.

  • March, 2020

  • Mar 12, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • March, 2018

  • Mar 19, 2018

    Date

    Leased

    CRMLS: OC18029785

    $1,735

    Price

  • Feb 7, 2018

    Date

    Active

    CRMLS: OC18029785

    $1,735

    Price

  • Listing provided courtesy of CRMLS

    2 bedroom, 1.5 bath centrally located in HB , walk to Five Point Center, shopping and entertainment. 2 bedrooms upstairs have carpet , living room and kitchen/dining area on the ground floor have laminate flooring. this apartment is in a nice small complex with only 4 units.

  • February, 2003

  • Feb 13, 2003

    Date

    Sold (Public Records)

    Public Records

    $735,000

    Price

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Tax History for 7681 Ellis Ave

Assessed Value (2020): $917,653
Year Land Value Improved Value Assessed Value
2020 $779,927 $137,726 $917,653

Home Value Compared to the Market

This property vs the competition

7681 Ellis Ave is listed 100.35% higher than the median list price for the city of Huntington Beach which has a median list price of $1,420,000. The median price per/sqft for Huntington Beach is $785 and this home is listed at $551.89 per/sqft which puts the price per square foot 29.7% lower than the median price per square foot for the city of Huntington Beach.

About 7681 Ellis Ave

Detailed summary of property

7681 Ellis Ave is a multi family located in Huntington Beach, CA 92648 and is currently in escrow to be sold. This multi family property offers 12 bedrooms, 6 bathrooms, roughly 5,155 living square feet, and sits on an approximately 6,098 square foot lot. 7681 Ellis Ave was first listed on ArdentRealEstateGroup.com on February 29, 2024. The homeowner is currently asking $2,845,000 and was originally asking $2,950,000. The median priced home in Huntington Beach is $1,420,000 with a median price per square foot of $785. Based on Ardent Real Estate Group's Huntington Beach Market Data, this home is listed 100.35% higher than the median priced home. Local competing homes currently for sale include 210 41st St, 12611 Morningside Ave and 12621 Morningside Ave. While the average home in Huntington Beach, CA is selling in 57 days, 7681 Ellis Ave has a days on market of 118 days. There are currently 346 homes for sale in the Huntington Beach real estate market and 237 of them are single family homes while 81 of them are condos and 28 are townhomes. For more information on this home for sale at 7681 Ellis 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 7681 Ellis Ave

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
4,070
Lot Size
5,920
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
10
APN
159-055-07

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.
$863
Median Sold Price
$1,200,000
Median Sold Price/Sq.Ft.
$756
Total Inventory
116
Median Sale to List Price %
92.38%
Avg Days on Market
32
Loan Type
Conventional (40%), FHA (0%), VA (0%), Cash (34.29%), Other (25.71%)

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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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