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7701 Ellis Ave, Huntington Beach, CA 92648
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7701 Ellis Ave Huntington Beach, CA 92648

$1,460,000 Sold Price as of 05/24/2019
  • 9 Beds
  • 4 Baths
  • 4,069 Sq.Ft.
Sold
$1,460,000 Sold Price as of 05/24/2019 Refinance Your Mortgage
Map preview of 7701 Ellis Ave, Huntington Beach, CA 92648

Property Overview: 7701 Ellis Ave Huntington Beach, CA has 9 bedrooms, 4 bathrooms, 4,069 living square feet and 6,639 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 7701 Ellis is located on the Eastern part of Huntington's rapidly improving market, the city is home to almost 40% renters demonstrating a strong demand for rental housing. This 4-unit apartment building presents an opportunity for an investor to purchase a multifamily property in the heart of Huntington Beach. The property boasts significant rental upside with continues long-term growth as the surrounding area continues to grow. Tenants appreciate the proximity to entertainment and retail shops including 5 Points Plaza, Bella Terra Outdoor Mall, and Pacific City Shopping Center. The 405 freeway is easily accessible to commuters and a short drive to the 55 & 91 freeway.

Listed by David Harrington | BRE #01320460 | Matthews Real Estate Investmen
Last checked: 10 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 25

Home details

Lot Sq. Ft
6,639
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19440524
City
Huntington Beach
County
Orange
Time on Site
1439 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,341
  • Total Rent: $4,025
  • Pro Forma/Market Rent: $6,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $2,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 21.21
  • Gross Scheduled Income: --
  • Net Operating Income: $43,314
  • Gross Operating Income: $67,275
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 7701 Ellis Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Dishwasher
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
  • Parcel Number: 15905506
Location / Neighborhood
Location Information
  • Directions: Ellis Ave & Delaware St
View more facts & features

Local Huntington Beach Agent

Sale History for 7701 Ellis Ave

Last sold for $1,460,000 on May 24th, 2019

  • May, 2019

  • May 24, 2019

    Date

    Sold

    CRMLS: 19440524

    $1,460,000

    Price

  • May 8, 2019

    Date

    Active Under Contract

    CRMLS: 19440524

    $1,470,000

    Price

  • Mar 5, 2019

    Date

    Active

    CRMLS: 19440524

    $1,470,000

    Price

  • May, 2019

  • May 24, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,460,000

    Price

  • May, 2010

  • May 25, 2010

    Date

    Sold (Public Records)

    Public Records

    $822,000

    Price

Show More

Tax History for 7701 Ellis Ave

Assessed Value (2020): $1,489,200
Year Land Value Improved Value Assessed Value
2020 $1,357,741 $131,459 $1,489,200

Home Value Compared to the Market

This property vs the competition

7701 Ellis Ave sold on May 24, 2019 for 16.67% higher than the current median sold price for the city of Huntington Beach which is $1,260,000. The median sold price per/sqft for Huntington Beach is $767 and this home is sold at $361.27 per/sqft which puts the price per square foot 52.9% lower than the current median sale per square foot for the city of Huntington Beach.

About 7701 Ellis Ave

Detailed summary of property

7701 Ellis Ave is a multi family that recently sold in Huntington Beach, CA 92648. This multi family property offered 9 bedrooms, 4 bathrooms, roughly 4,069 living square feet, and sits on an approximately 6,639 square foot lot. 7701 Ellis Ave was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $1,460,000. Home in Huntington Beach are selling for a median price of $1,260,000 and a median price per square foot of $767. Based on Ardent Real Estate Group's Huntington Beach Market Data, this home is sold 16.67% higher than the current median priced home. Local homes that are currently for sale include 420 S Melrose St, 7020 Schroll St and 20611 Arline Ave. While the average home in Huntington Beach, CA is selling in 59 days, 7701 Ellis Ave has a days on market of 25 days. There are currently 354 homes for sale in the Huntington Beach real estate market and 239 of them are single family homes while 86 of them are condos and 29 are townhomes. For more information on this home for sale at 7701 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 7701 Ellis Ave

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
4,069
Lot Size
6,639
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
9
APN
159-055-06

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
$1,495,000
Median List Price/Sq.Ft.
$874
Median Sold Price
$1,200,000
Median Sold Price/Sq.Ft.
$756
Total Inventory
120
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%)

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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