6272 Farinella Drive

    Huntington Beach, CA 92647
    • $989,000
    • STATUS: Active
    • ON SITE: 81 days
    • ID#: OC19156141
    UPDATED: 96 min ago
    $989,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,869
      SQFT
    • $529
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Ratings & Info

    Description

    SFD investment with a 6.4% cap rate. This single family detached home has wood and tiled floors, upgraded and updated granite counters throughout with upgraded stainless steel appliances. Both bathrooms have been upgraded and the open floor plan gives more spaciousness to the home. Tenant has 9 more months left on initial 2 year lease with three 2 year options and with 3% annual increases after initial lease term. Tenant is willing to sign a new lease for new owner.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-22T00:38:50.49. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or California Realty Experts. Licensed in the State of California, USA.
    www.californiarealtyexperts.com/homes/96495973

    6272 Farinella Drive Huntington Beach, CA 92647

    • Price: $989,000
    • Status: Active
    • Updated: 96 min ago
    • ID#: OC19156141
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1,869
    SQFT
    $529
    $/SQFT
    1965
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    17 - Northwest Huntington Beach
    Property Description
    SFD investment with a 6.4% cap rate. This single family detached home has wood and tiled floors, upgraded and updated granite counters throughout with upgraded stainless steel appliances. Both bathrooms have been upgraded and the open floor plan gives more spaciousness to the home. Tenant has 9 more months left on initial 2 year lease with three 2 year options and with 3% annual increases after initial lease term. Tenant is willing to sign a new lease for new owner.
    Exterior Features

    Garage Spaces 2.00 Lot Features Front YardLevel With Street Lot Size Source Assessor Lot Size Units Square Feet Parking Features Direct Garage Access Parking Total 4.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Roof Shingle

    Interior Features

    Appliances DishwasherGas OvenGas Range Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling Central Air Cooling YN Yes Flooring CarpetWood Interior Features Granite Counters Laundry Features In Garage Levels Two Room Type KitchenLiving RoomMain Floor Bedroom

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 6.40 Community Features Sidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 75000.00 Gross Operating Income 75000.00 Gross Scheduled Income 75000.00 Insurance Expense 700.00 Land Lease YN No Laundry YN Yes Net Operating Income 63421.00 New Construction YN No New Taxes Expense 10879.00 Number Of Separate Electric Meters 0 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Number Of Units Leased 1 Operating Expense 8650.00 Property Condition Turnkey Property Sub Type Single Family Residence Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other None Tenant Pays All Utilities Total Actual Rent 6250.00 Total Expenses 11579.00 Trash Expense 0.00 Utilities Cable Connected Vacancy Allowance 0 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Tony Morrison of Lantern Bay Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-22T00:38:50.49. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or California Realty Experts. Licensed in the State of California, USA.
     
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