$2,599,900
Accepting Backup Offers
0.13 acres | #OC24230372
Listing OfficeColdwell Banker-Campbell Rltrs
Browse 28 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

This is an opportunity to buy and hold for future appreciation/redevelopment over the long term or immediate redevelopment in the short term with multiple possibilities: Site is currently two legal lots (25' X 115') and is buildable for two detached 3 story single family homes. No Wells on the site!
Recent sales of new and recently constructed homes on similar 25 foot wide lots on the numbered streets range from: $3,325,000 to $3,575,000 (each). Site presently has a Commercial Office Building (with leases ending in December 2024). It is located just two blocks from Pacific Coast Hwy in Downtown Huntington Beach. Rental of the office space offers the purchaser the opportunity to collect cash flow while in the planning phase for the development of two single family homes or possibly the conversion/remodeling of this structure into a custom double lot single family home or... possible small residential income building. The Downtown Huntington Beach lifestyle is fantastic, the climate is wonderful, and all the recreational activities you enjoy are right out the front door: Surfing, kite boarding, beach fun, bike riding, strolls on the sand, golf, parks, and schools are all nearby… and just a few miles up PCH is Huntington Harbour which offers paddle boarding, kayaking, and marinas to keep your yacht or rent a Duffy boat for a harbour cruise. Friends and family are eager to visit homeowners in Downtown Huntington Beach to watch the 4th of July Parade/Fireworks, Pacific Air Show, US Open of Surfing, and numerous other events!

  • Property Details
      • Lot DescriptionNearPublicTransit, RectangularLot, SprinklersTimer, SprinklerSystem, StreetLevel, ValueInLand
    • Measurements
      • Acres0.13
  • Construction Details
      • Property TypePurchase
  • Utilities / Energy Details
      • Utility FeaturesElectricityConnected, SewerConnected, WaterConnected
      • Sewer InformationPublicSewer
      • Utility SourcePublic
  • Community and Neighborhood Details
      • SubdivisionDowntown Area (DOWN)
    • Location
      • CountyOrange
  • Financial Details
      • Original List Price$2,599,900
  • Other
      • MLS #OC24230372

Location

Omar ElminoufiReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$0.00
Loan Amount
$0.00

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