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7681 Ellis Avenue

Huntington Beach, CA 92648

– beds
– baths
– sqft
6,098 sqft lot
1964 build
– on site

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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 CRMLS_CA / Noam Srolovitz / Kape Property Management, Inc.

Last checked: Checking… • Last updated Jan 17, 2025 •

MLS# 24350231 —

The Building

Year Built:

1964
New Construction:

No
Building Area Total:

5155.00
Total Number Of Units:

5
# of Buildings:

1
Stories Total:

2

Interior

Features:

Ceiling Fan(s)
Levels:

Two
Laundry:

Washer Included, Dryer Included, Inside
Laundry:

1

Location

Directions:

West of Beach Blvd
Latitude:

37.96213000
Longitude:

-121.22964100

The Property

Property Type:

Residential Income
Zoning:

R3
Lot Size Area:

6098.0000
Lot Size Dimensions:

62x100
Lot Size Acres:

0.1400
Lot Size SqFt:

6098.00
Land Lease:

No

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

15905507

Heating & Cooling

Heating:

1
Heating:

Combination

Appliances

Appliances:

Dishwasher, Microwave, Refrigerator, Gas Cooktop, Gas Oven, Oven
Included:

Yes

The Community

Association:

No
Senior Community:

No
Assessments:

No

Parking

Parking:

Yes
Parking:

Assigned
Parking Spaces:

4.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
9/9/24 Sep 9, 2024	Sold	CRMLS_CA	$2,750,000	-3.3%
8/13/24 Aug 13, 2024	Pending	CRMLS_CA	$2,845,000
6/24/24 Jun 24, 2024	Sold Subject To Contingencies	CRMLS_CA	$2,845,000

Multifamily Sold on 9/9/2024

$2,750,000

Listing provided by broker:

Noam Srolovitz

Kape Property Management, Inc.

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Listing Courtesy of: CRMLS_CA and Kape Property Management, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 06:50 on Feb 16.

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.

7681 Ellis Avenue

Huntington Beach, CA 92648