For more information regarding the value of a property, please contact us for a free consultation.
125 16th ST Huntington Beach, CA 92648
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $8,650,000
Property Type Commercial
Sub Type Commercial/Residential
Listing Status Sold
Purchase Type For Sale
Square Footage 15,809 sqft
Price per Sqft $547
Subdivision Downtown Area (Down)
MLS Listing ID OC24046070
Sold Date 05/29/24
Style Traditional
HOA Y/N No
Year Built 1971
Lot Size 0.400 Acres
Acres 0.4
Property Sub-Type Commercial/Residential
Property Description
Beachwood Apartments is a rare offering being the largest building presently available in Huntington Beach and the closest to the sand. It is located in the 100 block of Downtown Huntington Beach (built on 6 legal lots) and is less than 200 feet from Pacific Coast Highway. This is an owner-user area with the majority of nearby dwellings being condominiums from $1,000,000 to $1,750,000 and SFRs in the $2,000,000 to $6,000,000 range. High income tenants are naturally drawn to this building by nearby attractions including: The soft sands & ridable waves of Surf City, blufftop park/bike path, Beach Playground, Pier, Main Street Village, restaurants, shopping, entertainment, and numerous events (4th of July parade & fireworks, US Open of Surfing, Pacific Airshow, & more). This is the first time the property has been offered for sale in 40 years and is arguably the best investment opportunity for upside rental potential in coastal Orange County. The mix of units includes (two) 3 BR – 2BA units, (three) 2BR – 2BA units, (eleven) 2BR – 1BA units, and (two) 1BR – 1BA units… several units have partial ocean views. 24 Garage Spaces. Built in 1971, and individually metered for gas & electric. The building is only 8 blocks from award winning Elementary & Middle Schools – 12 blocks from Huntington Beach High School (which offers the Academy of Performing Arts and Nationally Ranked athletics programs).
Location
State CA
County Orange
Area 15 - West Huntington Beach
Interior
Heating Wall Furnace
Cooling None
Laundry Community
Exterior
Parking Features Garage, Garage - Single Door
Garage Spaces 24.0
Pool None
Community Features Biking, Curbs, Fishing, Watersports, Sidewalks, Storm Drains, Street Lights
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
View Y/N 1
View Ocean
Roof Type Flat
Private Pool No
Building
Lot Description Corner Lot, Rectangular Lot, Sprinkler System
Story 2
Foundation Slab
Sewer Public Sewer, Sewer Paid
Water Public
Architectural Style Traditional
Level or Stories Two
New Construction No
Others
Senior Community No
Acceptable Financing None
Listing Terms None
Financing None
Special Listing Condition Standard
Lease Land No
Confidential INFO
BAC 2.0
TERMS Cash,Cash To New Loan
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE Agent
SHOW INSTRUCTIONS Drive-by Only. See 3D Tour. Contact Listing Agent for full marketing package... Buyer to verify all pro-forma income & expenses to their satisfaction. Information deemed reliable but not guaranteed.
Read Less

Bought with NONMEMBER MRML