Huntington Beach, CA 92647 7271 Toulouse Drive
$2,095,000
1 more
Presented By: Eric Reichert with OCProperties; 714-842-3159
Beds • 3
Baths • 2
SQFT • 4,358
Garage • 5
Year Built • 1972
Home Details
This is a Covington style 4 plex, is an excellent opportunity for Owner Occupied, seeking rental income or investors looking for a turnkey property! This 4 unit building, is located on a Cul-De-Sac street. The property features a spacious single- story 3-bedroom, 2-bathroom main unit, which is considered to be the Owners Unit, that includes fireplace in living room and double car garage and private patio. Additionally, there are two large 2-bedroom, 2-bathroom units (stacked) and a 2-bedroom, 1-bathroom unit above the garages. Each unit has its own garage, laundry hookups, and private patio or balcony. Owner pays water, trash and sewer, while tenants have their own separate meters for electric and gas and their own hot water heaters. All units are currently occupied by long-term, reliable tenants, making this a great investment in a prime location near the 405 Freeway, Golden West College, Westminster Mall, and Bella Terra Mall.
Presented By: Eric Reichert with OCProperties; 714-842-3159
Interior Features for 7271 Toulouse Drive
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace FeaturesLivingRoom
Fireplace Y/NYes
Heating Y/NNo
Laundry FeaturesInGarage
Total Stories2
Other Rooms
Entry Level1
General for 7271 Toulouse Drive
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate3.96
Carport Y/NNo
CityHuntington Beach
Community FeaturesStreetLights
CountyOrange
Current FinancingNone
DirectionsLocated off of Warner and Gothard Cross Streets: Gothard St.
Electric Expense0.0
Electric On Property Y/NNo
Entry Location1
Garage Spaces5.0
Garage Y/NYes
Gross Income115500.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense1863.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, Conventional
Lot Size Square Feet6970.0
Lot Size UnitsSquareFeet
MLS Area17 - Northwest Huntington Beach
MaintenanceExpense4164.0
MobileHomeRemainsYNNo
Net Operating Income82255.0
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Open Parking Spaces2.0
Operating Expense33245.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NNo
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories2
Subdivision Namena
Tax Lot25
Taxes$23,546
Tenant PaysElectricity, Gas
Total Actual Rent9625.0
Trash Expense1255.0
Virtual TourClick here
Water Sewer Expense1616.0
Waterfront Y/NNo
Year Built1972
Year Built SourceAssessor
Exterior for 7271 Toulouse Drive
Building Area Total4358.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCulDeSac
Lot Size Acres0.16
Lot Size Area6970.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters5
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesGarage, Paved
Private PoolNo
SpaNo
Total Parking7.0
Water SourcePublic
Additional Details
Price History
Justin Hughey
Price
$2,095,000
MLS#OC25027686
List Date
02/06/2025
Property Type
Multi-Family
Phone
(562) 818-1655
