7561 Center Avenue, Unit 6

Huntington Beach, CA 92647

$839,000
Last Sold Price
2
Beds
2
Baths
1
1/2 Bath
1,936 Sq. Ft.
$433 / Sq. Ft.
1,936
Sq. Ft.
$433
per Sq. Ft.

Description

Rare investment opportunity - own a Mixed Use Residential/Commercial Space in Old World Village - famously known for Oktoberfest. This one-of-a-kind destination is known for its speciality stores, cobblestone streets, and year round events that attract many visitors and is conveniently situated within a bustling business area of Huntington Beach. Surrounding landmarks include Bella Terra, Costco, Goldenwest College, popular restaurants and the 405 and 22 freeways. A downstairs unit comprises approximately...Rare investment opportunity - own a Mixed Use Residential/Commercial Space in Old World Village - famously known for Oktoberfest. This one-of-a-kind destination is known for its speciality stores, cobblestone streets, and year round events that attract many visitors and is conveniently situated within a bustling business area of Huntington Beach. Surrounding landmarks include Bella Terra, Costco, Goldenwest College, popular restaurants and the 405 and 22 freeways. A downstairs unit comprises approximately half of the total square footage and is home to a commercial space with a highly successful long term tenant in place who also rents the unit upstairs. The current rental amounts have been stable and remained below market. Current market rents are approx. $2800/month for the upstairs unit and $2300-$2500/month for the business space. The upstairs apartment has 2 bedrooms, 2 updated bathrooms and a remodeled kitchen with balcony. Refrigerator, washer and dryer are included. Don't miss the large private rear patio and detached one-car garage that come with the property as well. A notable advantage is that the commercial space has been fully modified and has been permitted for food and beverage service. Low HOA dues and no land lease! This unique offering is an ideal income property and investment for anyone seeking stable income, appreciation and versatility. Since these units don't become available often, it is sure to move fast. Schedule a tour today. Unique property - Seller financing may be considered.

Listing Agent

  1. Holly McDonald

    Holly McDonald

    Listing Agent

    Compass

    DRE #01892567

Property Details for 7561 Center Avenue, Unit 6

View
Neighborhood
Parking Spaces Total
1
Private Pool
No
Cooling Type
Central
Total Units
2.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
1936
LISTING UPDATED: 01/18/2024 07:29 AM

Property Details for 7561 Center Avenue, Unit 6

StatusClosed
MLS #PW23180636
Days on Market86
Taxes-
HOA Fees$294 / month
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential
Year Built1977
CountyOrange County
Buyer's Agent Compensation2%

Building Information for 7561 Center Avenue, Unit 6

Building/ComplexOld World VillageFloor-Stories2Pet Policy-Year Built1977Building Size-

Property Information for 7561 Center Avenue, Unit 6

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Water
  • Pets Allowed: Call For Rules
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $51,000
  • Net Operating Income: $47,784
  • Number Of Rented Garages: 0
  • Financing: Seller Financing
Expense Details
  • Operating Expense: $3,216
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Tract Number: 9119
  • Tax Census Tract: 997.03
  • Tax Lot: 6
Community / Development
Community / Development
  • Association Amenities: Maintenance Grounds, Security
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks
  • Complex Name: Old World Village
  • Association Name: Old World Village
  • Association Phone: 949-225-0200
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Gas Range
  • Equipment: Dishwasher, In Kitchen
  • Room Type: All Bedrooms Up, Kitchen, Living Room, Primary Suite
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 0
  • Room Bathroom Features: Shower in Tub, Granite Counters, Remodeled
  • Bedroom Features: All Bedrooms Up
  • Room Kitchen Features: Granite Counters, Remodeled Kitchen
  • Eating Area: Breakfast Nook, In Living Room
  • Laundry: Yes
  • Laundry Features: In Kitchen
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Flooring: Laminate, Tile
Exterior Features
  • Entry Location: 1
  • Structure Type: Mixed Use
  • Patio: Yes
  • Patio And Porch Features: Patio
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Sign on Property: No
  • Lot Features: Near Public Transit
  • Lease Considered: No
  • Number Of Units: 2
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 1
  • Parking: Yes
  • Parking Garage: Garage
  • Parking Garage Spaces: 1
  • Carport Spaces: 0
  • Attached Garage: No
  • Parking Features: Garage
Property / Structure Info
  • Builders Tract Name: Old World
  • Builders Tract Code: Old World (OWOR)
Unit Information
Unit 1
  • 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: $30,600
  • Unit Type Total Rent: $30,600
  • Unit Type Pro Forma: 33600
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $20,400
  • Unit Type Total Rent: $20,400
  • Unit Type Pro Forma: 27600
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 7561 Center Avenue, Unit 6

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 7561 Center Avenue, Unit 6

This home is within Ocean View School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Westmont Elementary School
PublicK to 5

Spring View Middle School
Public6 to 8

Marina High School
Public9 to 12

Coast High School
Public9 to 12

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.

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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 Compass Newport Beach, Holly McDonald, DRE #01892567

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.