Huntington Beach, CA 92648,125 16th ST
Huntington Beach, CA 92648,125 16th ST
Huntington Beach, CA 92648,125 16th ST
32
$8,650,000
$8,990,000
3.8%
Est.Price: ?

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15,809 SqFt

125 16th ST Huntington Beach, CA 92648

Est. payment /mo
SOLD DATE : 05/29/2024

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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.

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CRMLS Plus
Listed by Coldwell Banker-Campbell Rltrs
Bought with NONMEMBER MRML
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agent

Mark Witte

Agent | License ID: 02102425

+1(949) 269-7270

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