2501 Florida Street

Huntington Beach, CA 92648

$3,300,000
Price
8
Beds
15
Baths
6,605 Sq. Ft.
$500 / Sq. Ft.
6,605
Sq. Ft.
$500
per Sq. Ft.

Description

Florida Street Townhomes is a 6-unit value-add investment opportunity with projected obtainable rental upside. The property has undergone a
partial renovation including interiors along with recent exterior woodwork, paint and roof. Florida features strong in-place cashflow with
upside as neighboring property (directly adjacent property) has proven market rents. The residents of Florida Street enjoy access to world
class beaches, entertainment venues and easy access to the top employment centers in Southern
...Florida Street Townhomes is a 6-unit value-add investment opportunity with projected obtainable rental upside. The property has undergone a
partial renovation including interiors along with recent exterior woodwork, paint and roof. Florida features strong in-place cashflow with
upside as neighboring property (directly adjacent property) has proven market rents. The residents of Florida Street enjoy access to world
class beaches, entertainment venues and easy access to the top employment centers in Southern California. The property is comprised of large (1) one bedroom, one-bath, (1) two-bedroom, two-bath, (3) two-bedroom, two and one half bath townhomes, and (1) three-bedroom, two and one half bath townhome. The units are 1,100 SQFT on average. The property has 11 total garage spaces, ten of which are direct access. Partial interior renovation includes, quartz/granite counters, upgraded cabinets, stainless appliances, dishwashers, tile and vinyl plank flooring, and side by side washer/dryers. Each unit features an enclosed patio or exterior balcony, the three bedroom unit includes both.
  1. Listed by Peter Hauser • DRE #00856966 • Brokerage DRE #01858487 • NorthMarq Realty Services, Inc • 949-302-1400

Property Details for 2501 Florida Street

Parking Spaces Total
11
Private Pool
No
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
6605
Assessor Parcel Number
025-111-58
Property Attached YN
true
LISTING UPDATED: 09/06/2024 02:47 AM

Property Details for 2501 Florida Street

StatusActive
MLS #OC24185301
Days on Market72
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1977
CountyOrange County

Building Information for 2501 Florida Street

Building/Complex2501 Florida StFloor-Stories2Residences-Pet Policy-Year Built1977Building Size-

Property Information for 2501 Florida Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $210,816
  • Gross Scheduled Income: $210,816
  • Net Operating Income: $154,678
  • Cap Rate: 4.69
Expense Details
  • Operating Expense: $55,314
  • Fuel Expense: $1
  • Electric Expense: $1
  • Insurance Expense: $1
  • Professional Management Expense: $1
  • Trash Expense: $1
  • Water Sewer Expense: $1
  • Total Expenses: $55,314
Tax / Assessment Info
  • Tax Tract Number: 9286
  • Tax Census Tract: 993.05
  • CFD/Mello-Roos Fee: $1,547
  • Tax Lot: 8
Community / Development
Community / Development
  • Community Features: Biking
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Washer Hookup, Washer Included
  • Laundry Equipment Own Lease: Own
Exterior Features
  • Entry Location: 1st floor
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Corner Lot
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 11
  • Parking: Yes
  • Parking Garage: Direct Entrance
  • Parking Garage Spaces: 11
  • Carport Spaces: 0
  • Parking Features: Direct Garage Access
Property / Structure Info
  • Builders Tract Name: Yorktowne
  • Builders Tract Code: Yorktowne (YORK)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,760
  • Unit Type Total Rent: $1,760
  • Unit Type Pro Forma: 2425
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,937
  • Unit Type Total Rent: $2,937
  • Unit Type Pro Forma: 3250
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,284
  • Unit Type Total Rent: $3,284
  • Unit Type Pro Forma: 3550
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 3
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,017
  • Unit Type Total Rent: $3,017
  • Unit Type Pro Forma: 3795
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6

Property History for 2501 Florida Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2501 Florida Street

Taxable ValueLand$1,649,599Additions$801,230Total$2,450,829
Tax Record2024$28,624 ($2,385 / month)
Home Facts
Total Finished SqFt6,605 SqFtAbove Grade Finished SqFt6,605 SqFtStories2Lot Size9,472 SqFtStyleMulti-Family Res (5+ Units)Year Built1977CountyORANGEAPN025-111-58

Schools near 2501 Florida Street

This home is within Huntington Beach City Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Joseph R. Perry Elementary School
PublicK to 5

Ethel Dwyer Middle School
Public6 to 8

Huntington Beach High School
Public9 to 12

Kinetic Academy
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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2501 Florida Street is a multi-family home for sale in Huntington Beach, CA 92648. This property was listed for sale on September 6, 2024 by NorthMarq Realty Services, Inc, it's currently listed at $3,300,000. It has been on the market for a total of 72 days and was last sold on March 12, 2015. This listing's school districts are Huntington Beach City Elementary School District, Huntington Beach Union High School District. Nearby schools include Joseph R. Perry Elementary School, Ethel Dwyer Middle School and Huntington Beach High School. 2501 Florida Street is a 8-bed, 15-bath, 6,605 sqft multi-family home built in 1977.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of NorthMarq Realty Services, Inc, Peter Hauser, DRE #00856966

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.