411 15th Street 1, Huntington Beach, California 92648, Huntington Beach, 92648 - bed, bath
ACTIVE$5,500,000
411 15th Street 1, Huntington Beach, California 92648
0Bed
0Bath
2,914Sqft
5,663Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Elementary School: Huntington Seacliff Elementary School (9/10). High School: Huntington Beach High School (9/10).
Top Cons:
Restricted Access for Due Diligence: The 'Do not disturb tenants' and 'Drive by only' directives severely limit a buyer's ability to conduct thorough inspections and assess the interior condition of the units, posing significant risk.
Compared to the nearby listings
Price:$5.50M vs avg $2.45M (+$3,050,000)91%
Size:2,914 sqft vs avg 3,000 sqft45%
Price/sqft:$1.9K vs avg $89191%
More Insights
Built in 1973 (52 years old).
Condition: Built in 1973, this property is over 50 years old with no indication of major renovations. The 'drive by only' directive and lack of interior photos strongly suggest that the kitchens, bathrooms, and other interior components are significantly outdated and likely require substantial capital expenditure for deferred maintenance, system upgrades, and cosmetic renovations to meet modern standards, as noted in the property analysis. While the exterior appears maintained, the interior condition is presumed to be very dated and in need of significant rehabilitation.
Year Built
1973
Close
-
List price
$5.5M
Original List price
$5.5M
Price/Sqft
$1,887
HOA
-
Days on market
-
Sold On
-
MLS number
OC24126923
Home ConditionPoor
Features
View-
About this home
4 Unit on a 5663 LOT Please do not disturb tenants Drive by only
Nearby schools
8/10
Agnes L. Smith Elementary School
Public,•K-5•0.3mi
9/10
Huntington Seacliff Elementary School
Public,•K-5•1.4mi
7/10
John R. Peterson Elementary School
Public,•K-5•1.4mi
6/10
Joseph R. Perry Elementary School
Public,•K-5•1.9mi
7/10
Ethel Dwyer Middle School
Public,•6-8•0.2mi
8/10
Isaac L. Sowers Middle School
Public,•6-8•2.5mi
9/10
Huntington Beach High School
Public,•9-12•0.9mi
9/10
Edison High School
Public,•9-12•2.3mi
Condition Rating
Poor
Built in 1973, this property is over 50 years old with no indication of major renovations. The 'drive by only' directive and lack of interior photos strongly suggest that the kitchens, bathrooms, and other interior components are significantly outdated and likely require substantial capital expenditure for deferred maintenance, system upgrades, and cosmetic renovations to meet modern standards, as noted in the property analysis. While the exterior appears maintained, the interior condition is presumed to be very dated and in need of significant rehabilitation.
Pros & Cons
Pros
Great Schools: Elementary School: Huntington Seacliff Elementary School (9/10). High School: Huntington Beach High School (9/10).
Prime Coastal Location: Situated in Huntington Beach, a highly desirable coastal city known for its beaches, lifestyle, and strong real estate market.
Quadruplex Income Property: As a 4-unit residential income property, it offers diversified rental income streams and significant investment potential.
Generous Lot Size: The 5,663 sqft lot provides ample space, potentially offering future development opportunities or enhanced property value.
Strong School District: Located near several highly-rated public schools, including Huntington Beach High (9/10) and Agnes L. Smith Elementary (8/10), appealing to families.
Investment Potential: A multi-unit property in a robust and appreciating market like Huntington Beach presents a solid long-term investment opportunity.
Cons
Restricted Access for Due Diligence: The 'Do not disturb tenants' and 'Drive by only' directives severely limit a buyer's ability to conduct thorough inspections and assess the interior condition of the units, posing significant risk.
Age of Construction: Built in 1973, the property is likely to require substantial capital expenditure for deferred maintenance, system upgrades, and cosmetic renovations to meet modern standards.
High Barrier to Entry: The $5.5 million list price represents a significant investment, potentially narrowing the pool of qualified buyers and requiring substantial capital.