$773,000
$783,000
1.3%For more information regarding the value of a property, please contact us for a free consultation.
7561 Center AVE #6 Huntington Beach, CA 92647
1,306 Sqft Lot
Key Details
Sold Price $773,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC22059224
Sold Date 05/09/22
HOA Y/N No
Year Built 1977
Lot Size 1,306 Sqft
Property Description
Incredible Investment Opportunity!!! A Unique Property that features both an Income Generating Commercial and Residential Space. This Mixed Use Property is located in the Historic Old World Village located across from Bella Terra, Costco and near Golden West College. The current tenant occupies both spaces and has been in place since 2016. The Business is Thriving and the Tenant is seeking a Multi Year Extension with the New Owner. The Commercial Space has been Fully Modified and has been Permitted for Food and Beverage Service, which is a Huge Advantage in this Community. There is Ample Guest Parking and Signage Leading into The Community. The Residential Space features New Custom Cabinets and Granite in the Kitchen and Fully Remodeled Bathrooms as of 2015. It is an Excellent Two Bedroom, Two Bathroom layout with a Fireplace and Balcony. The Balcony overlooks the Backyard Patio Area, which is shared with the Commercial Space. The Property was Re-piped within the last five years. There is also a 1 Car Garage that can be included with the Lease or Rented out Separately !! This Mixed Use Community Features the Famous Oktoberfest Restaurant that hosts Oktoberfest Celebrations every year. Throughout the year The Village also hosts Dog Races, Car Shows, Farmers Markets, Craft Marketplace Events, etc. HOA dues are under $300 per month and include Trash and Water in addition to Common Area Maintenance. With a Steady and Solid ROI, Long Term Appreciation Potential in combination with a Low Maintenance Property, this is an Excellent Opportunity for any Savvy Investor. The seller is willing to finance for the right buyer.
Location
State CA
County Orange
Area 17 - Northwest Huntington Beach
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Dryer, Washer
Laundry In Kitchen
Exterior
Fence Wood
Utilities Available Cable Available, Sewer Connected, Water Connected
Building
Lot Description 0-1 Unit/Acre, Near Public Transit
Story 2
Water Public
Others
Tax ID 14247406
Security Features 24 Hour Security
Acceptable Financing 1031 Exchange, Owner Will Carry, Owner May Carry
Listing Terms 1031 Exchange, Owner Will Carry, Owner May Carry
Financing Cash
Special Listing Condition Standard
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Bought with Holly McDonald • Compass Newport Beach