Buildable For Two Downtown Beach Homes 606 & 608 13th Street Huntington Beach, CA (Two Legal Lots - 25’ x 117.5’ Each)
Scot Campbell COLDWELL BANKER - Campbell Realtors Broker / Global Luxury Specialist 714.336.0394 cell scot.campbell@coldwellbanker.com www.scotcampbell.com BRE #00943759 © 2017 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing Opportunity. Each Office Is Independently Owned And Operated Except Offices Owned And Operated By NRT Incorporated.
PLAT MAP ~ The Site is Already Two Legal Lots Palm Ave.
Acacia Ave.
OIL MAP ~ No Wells On Site
Acacia Ave.
Information for Interested Buyers
606 & 608 13th Street, Downtown Huntington Beach Background: The subject property is located in Downtown Huntington Beach approximately 6 blocks from the beach and 8 blocks from the Downtown Huntington Beach resort area which includes: restaurants, pier, amphitheater, shops, and entertainment. The area is known for beautiful soft sand beaches, great weather, and consistent ridable surf that brings visitors from all over the world. The newly open Pacific City Development is only 14 blocks from the property and offers luxury resort experience with 5-Star hotel, shopping, ocean view dining, and entertainment. Presently there are five vintage units on the site: The structures are sold AS-IS, and are presently rented month-to-month. There are no written rental agreements; however, estopple certificates were recently signed per the following schedule: Unit 1) Unit 2) Unit 3) Unit 4) Unit 5)
Month-to-month rental, $525 per month, no security deposit Month-to-month rental, $600 per month, no security deposit Month-to-month rental, $700 per month, no security deposit Month-to-month rental, $300 per month, no security deposit (Owner’s Son) Month-to-month rental, $575 per month, no security deposit
The total scheduled monthly rents are $2,700
APN : 024-013-18 Legal Description: Lots 6, 8, and the Northeasterly 2.00 feet of Lot 4 in Block 612 of Huntington Beach, Seventeenth Street Section, in the City of Huntington Beach, County of Orange, State of California, as per map recorded in Book 4 Page 10 or Miscellaneous Maps, in the office of the County Recorder of said County. Zoning: RMH-A (Residential Medium High Density Small Lot) The RMH-A zone allows residential development at a maximum density of 25 units per net acre. Lots: The site is presently two legal lots 25 feet wide + two additional feet for a total of 52 feet of width. The lots are 117.5 feet deep; however, when the new homes are developed, a dedication of 2.5’ to the alley will be required in the site plan. Each of the two legal lots can be developed with a new single family dwelling, but a lot line adjustment will be necessary when electing to build either two 26 foot wide lots or one 25 foot and one 27 foot. Comparable Sales for land and tear downs include: 1) 503 11th Street~two 25 X 117.5’ lots. MLS land listing# OC17068709 Closed on 5/5/17 for $1,575,000. Multiple offers on market for 7 days. Corner lot. $787,500 per lot price. 2) 810 Olive Avenue (aka: 301, 303, 305, 306 8th Street) ~ four 25 X 117.5 lots, tear down structure on two lots, vacant lot on two lots. One capped oil well on the site. MLS land listing# NP1714744 Closed 8/4/17 for $3,150,000. Multiple offers on market for 22 days. $787,500 per lot.
Terms: All Cash at close. Maximum 45 day escrow period. All contingencies to be removed within a maximum 17 days of acceptance. Earnest Money Deposit to be $30,000. Escrow & Title to be seller’s choice. Suggested Bid: $1,600,000 (One Million Six Hundred Thousand). $800,000 per lot Due Date for Bids: Offers will be reviewed with seller upon receipt, but seller may need until December 22nd, 2017 at Noon to make a decision. To write a bid Contact: Seller’s Exclusive Agent ~ Scot Campbell 714-336-0394
Comparable Sales for New Construction In Escrow & Sold Custom New Homes in Downtown HB
426 7th Street Huntington Beach, CA 2,873 sqft Built in 2017 Closed $1,900,000 $661.33/sqft, Single Family Residence
317 8th Street Huntington Beach, CA 2,870 sqft Built in 2017 In Escrow - Listed at $1,895,000 $660.28/sqft, Single Family Residence
Scot Campbell COLDWELL BANKER - Campbell Realtors Broker / Global Luxury Specialist 714.336.0394 cell scot.campbell@coldwellbanker.com www.scotcampbell.com BRE #00943759 © 2017 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing Opportunity. Each Office Is Independently Owned And Operated Except Offices Owned And Operated By NRT Incorporated.
420 10th Street Huntington Beach, CA 2,880 sqft Built in 2017 Closed $1,875,000 $651.04/sqft, Single Family Residence