$8,800,000
7942 Stark Drive, Huntington Beach, CA 92647
3 Beds
4 Baths
13,426 sqft

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This 16-unit apartment building is located at 7932 and 7942 Stark Drive in Huntington Beach, CA. The property bene?ts from its excellent unit mix of twelve two-bedroom two-bathroom units and four one-bedroom one-bathroom units. The buildings are situated on two separate parcels alleviating the need for on-site property management. Well-maintained and spacious, this property includes a garage space for each unit, on-site laundry facilities, and a dog park located on property for tenant enjoyment. 14 of the 16 units have undergone substantial renovations that began late 2018. Each renovated unit includes upgraded vinyl flooring, new cabinetry, new counter tops with Quartz or Granite, a new microwave, oven, dishwasher and garbage disposal in the kitchen, as well as new baseboards throughout and ceiling fans in the bedroom and common area. The bathrooms have received replaced vanities, new lighting fixtures and reglazed shower tub combos. Each two-bedroom unit also has a gas fireplace for tenant enjoyment. The exterior was painted in 2017 and upgraded LED light has been installed in the exterior common areas.
  • Price:
  • $8,800,000
  • Bedrooms:
  • 3
  • Square Footage:
  • 13,426
  • Acreage:
  • 0.46
  • Year Built:
  • 1977
  • Listing ID #:
  • OC21222440
  • Street Address:
  • 7942 Stark Drive
  • City:
  • Huntington Beach
  • State:
  • California
  • Postal Code:
  • 92647
  • County:
  • Orange
  • Community:
  • Not Defined
  • Listing Status:
  • Active
  • Listing Type:
  • Residential Income
  • Number Of Floors In Unit:
  • Three Or More
  • Number Of Units:
  • 16
  • Total # Of Buildings:
  • 2
  • Total Building Square Footage:
  • 13426
  • Walls:
  • 1 Common Wall
  • Year Built:
  • 1977
  • Year Built Source:
  • Appraiser
  • Annual Electric Expenses:
  • 1708
  • Annual Insurance Expenses:
  • 4699
  • Annual Maintenance Expenses:
  • 8000
  • Annual Trash Expenses:
  • 5335
  • Annual Water/Sewer Expenses:
  • 5058
  • Gross Income:
  • 373441
  • Net Operating Income:
  • 251636
  • Operating Expense:
  • 121775
  • Approximate Lot Size Range Source:
  • Assessor
  • Lot Features:
  • 31-35 Units/Acre
  • Lot Size:
  • 20038
  • Lot Square Footage:
  • 20038
  • Community Features:
  • Suburban
  • Days On Market:
  • 59
  • On Market Date:
  • 2021-10-06
  • Originating Mls:
  • Crmls
  • Terms:
  • Cash, Cash To New Loan, 1031 Exchange
  • Laundry:
  • Common Area
  • Garage Parking Spaces:
  • 24
  • Has Garage:
  • Yes
  • Parking Description:
  • Assigned
  • Parking Spaces:
  • 24
  • Existing Water:
  • Public
  • Sewage Type:
  • Public Sewer
  • Unit 1 Monthly Rent:
  • 7510
  • Unit 1 Total Bathrooms:
  • 2
  • Unit 1 Total Bedrooms:
  • 1
  • Unit 1 Type:
  • Item2bedroom
  • Unit 2 Monthly Rent:
  • 24260
  • Unit 2 Total Bathrooms:
  • 2
  • Unit 2 Total Bedrooms:
  • 2
  • Unit 2 Type:
  • Item1bedroom
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Courtesy of Jason Kirklen () with Kirklen Investment Group
  • CACRMLS

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