First Team Real Estate Logo

Huntington Beach, CA 92649 4981 Pearce Drive

$1,589,000

4981 Pearce Drive Huntington Beach, Ca - Image 14981 Pearce Drive Huntington Beach, Ca - Image 2
Presented By: Gene Smith with RE/MAX TerraSol; 949-395-7552
  • MLS# OC24069909
  • 04/09/2024
  • Request Tour
  • Request Info
  • BedBeds • 4
  • BathBaths • 2
  • FootageSQFT • 2,822
  • GarageGarage • 2

Home Details

Here's the perfect opportunity to start or expand your real estate portfolio within a mile and a half from the BEACH! The possibilities are abundant. Properties like this do not come to the market very often. Live in one and rent out the other as you build wealth. Location, location, location. The Bolsa Chica Wetlands, Huntington Harbour, Meadowlark Golf Course, the Pacific Ocean, places of worship and countless sumptuous eateries and restaurants are literality all within walking distance. Both units are HUGE and feature a private garage with direct access, private patio and balcony a fireplace and vaulted ceilings. In addition to the garage, each unit also boast three uncovered spaces with room for an RV or a boat. Rents are currently at least 25% below market.
Presented By: Gene Smith with RE/MAX TerraSol; 949-395-7552

Interior Features for 4981 Pearce Drive

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem1CommonWall, NoOneAbove, NoOneBelow
Electric On Property Y/NNo
Fireplace FeaturesGas
Fireplace Y/NYes
FlooringCarpet, Laminate, Vinyl
Heating Y/NYes
Laundry FeaturesInGarage
Street SuffixDrive
Total Stories2

Other Rooms

Entry Level1

General for 4981 Pearce Drive

Additional Parcels Description17822213
Additional Parcels Y/NYes
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate3.5
Carport Y/NNo
CityHuntington Beach
Community FeaturesStreetLights, Sidewalks
ContingencyNone
CoolingNone
CountyOrange
Days on Market2
DirectionsCorner of Pearce Drive and Bolsa Chica Street. North of Warner Avenue
Entry LocationGround
ExclusionsTenant private property
Facing DirectionSouth
Garage Spaces2.0
Garage Y/NYes
Gross Income58800.0
HOA0.0
HOA / Comm AssnNo
HeatingSpaceHeater
Home Warranty Y/NNo
Insurance Expense1521.0
Interior FeaturesAllBedroomsUp
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, Conventional, Item1031Exchange
Lot Size Square Feet4792.0
MLS Area17 - Northwest Huntington Beach
MobileHomeRemainsYNNo
Net Operating Income55659.0
New ConstructionNo
Number of Units Leased2
Open Parking Spaces6.0
Operating Expense3141.0
Pool FeaturesNone
PossessionNegotiable
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalDuplex
Property SubTypeDuplex
Property TypeResidentialIncome
Rent Control Y/NNo
RoofSpanishTile
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NamePearce
Tax Lot141
Tenant PaysCableTV, Electricity, Gas
Total Actual Rent4900.0
Total Units2
Trash Expense810.0
View Y/NNo
Water Sewer Expense810.0
Waterfront Y/NNo
Year Built1974
Year Built SourceAssessor

Exterior for 4981 Pearce Drive

Building Area Total2822.0
Crops Included Y/NNo
Foundation DetailsSlab
Horse Y/NNo
InclusionsNegotiable
Irrigation Water Rights Y/NNo
Lot FeaturesCornerLot
Lot Size Acres0.11
Lot Size Area4792.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesConcrete, DirectAccess, Driveway, Garage
SpaNo
Total Parking8.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,589,000
MLS#OC24069909
List Date 04/09/2024
Property Type Multi-Family
Phone 714.964.3311
Request Tour
Request Info
Visit My Website

Similar Properties to 4981 Pearce Drive

Ask A Question

CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors