
Huntington Beach, California 92648
This Quadruplex Residential Income Asset is a Strong Value Opportunity, listed at $2,494,900—positioned above the $2,373,474 Fair Market Value. While priced at a premium, the property offers exceptional stability with a low vacancy rate and long-term tenants. Featuring a Condition Rating of 4, the units provide significant upside for modernization. Located in a prime 92648 coastal location near top-rated schools like Huntington Beach High, this property is an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers seeking a high-demand, income-producing portfolio addition.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1501 Huntington Street Subject | $2,494,900* List Price | 0 | 0 | 3,861 | $615 | - |
A 1701 Lake Street Sold | $1,850,000 | 0 | 0 | 2,864 | $646 | 0.2 mi |
B 1701 Lake Street Sold | $1,850,000 | 4 | 2 | 2,864 | $646 | 0.2 mi |
C 206 Portland Avenue Active | $2,450,000 List Price | 0 | 0 | 3,631 | $675 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1974, this 52-year-old property is functional and well-located, but the lack of interior photos and mention of only minor exterior updates (Techwood gates) suggests dated kitchens, bathrooms, and systems. While it remains a viable income-producing asset, it likely requires modernization to meet current market standards.
Elementary School: Huntington Seacliff Elementary School (9/10). High School: Huntington Beach High School (9/10).
Situated in the highly desirable 92648 zip code on a corner lot, this property is located near top-rated schools and the beach, ensuring consistently high tenant demand and long-term appreciation.
Rare for multi-family units, this property offers four single-car garages plus additional driveway space for eight more vehicles, significantly increasing its appeal to tenants with multiple cars.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6098, other record lot size in square feet = 6598.
Built in 1974 and under the same ownership since 2002, the units likely require interior updates and capital improvements to compete with modern luxury rentals in the area.
The requirement for the buyer to cooperate with a 1031 exchange and a specific 30-45 day escrow preference may limit flexibility for certain types of investors.
Highly desirable location in Huntington Beach, 92648! Fourplex on corner lot of Oswego and Huntington. One 3 Bedroom 2 bath unit includes it's own washer and dryer hookup in garage, accessible from the inside of the unit. All units have fireplaces. Two 2 bedrooms 2 bath units, One 1 Br. with single bath. Each unit has it's own private patio with new Techwood gates recently installed. Laundry room on premises for the other 3 units. Four single car garages with automatic roll up doors. There is additional parking in front of garages for two more vehicles per door! Additional street parking on both sides of the corner lot! Low vacancy rate with three very long term tenants. The one bedroom is on a one year lease. All other tenants on a month to month rental basis. Buyers to cooperate with sellers 1031 exchange at no liability or cost to the buyers. 30-45 day escrow preferred. Listing agent is co-owner. Long term ownership with the same partners since 2002. This property is a rare opportunity to own an exceptional income producing property in a prime location in Huntington Beach!
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 3,861 | 3,755.571 |
| Lot Size | 6,098 | 7,158 |
| Price | $2.49M | $1.85M |
| Price per sq ft | $646 | $535 |
| Built year | 1974 | 1966 |
| HOA | $0 | $0 |
| Days on market | 19 | 50 |
Aug 21, 2026
$2,494,900
Initial Listing
Oct 15, 2002
$770,000
Public Record