7932 & 7842 Stark Drive are located in beautiful Huntington Beach, California. Built in 1977, the property is in excellent condition thanks to professional management and strong pride of ownership. This excellent and unique unit mix consists of (4) 1-Bedroom/1.5-Bathroom and (12) 2-Bedroom / 2-Bathroom units. The property has 24 private on-site garages plus ample street parking. There are on-site laundry facilities, enclosed private backyards for the 1-Bedroom / 1.5-Bathroom units, and even an on-site dog park. Eighty-eight percent of the unit interiors have undergone substantial renovations during the past 5 years. Each renovated unit includes new flooring, baseboards, window treatments, cabinetry, quartz or granite counter tops, and a complete stainless steel appliance package including a dishwasher. There are ceiling fans in each of the bedrooms and the living rooms. The bathrooms have new vanities, new lighting fixtures and re-glazed shower/tub combos. In the front two buildings, each 2-Bedroom 2-Bathroom unit has gas fireplaces, open balconies or enclosed sitting areas, and top floor vaulted ceilings with skylights. The exterior was painted in the past 5 years and new LED lights have been installed on the building exterior.
Located in Huntington Beach off Beach Boulevard, the property is extremely accessible to the 405 and 22 Freeways. Dining and retail options within one mile include Costco Wholesale, Starbucks (2 locations), Whole Foods Market, Marshalls, Bank of America, Chase Bank, Union Bank, Peet’s Coffee, Home Goods, and additional dining and retail options. This offering provides an investor the opportunity to acquire a well-maintained and well-located multifamily investment property. The local apartment market in the city of Huntington Beach is robust, and this property offers an investor the ability to attract quality residents seeking a well-located residence with convenient access to a wide variety of activities and retail amenities.
Listed by Mark Bridge, Mark Bridge, Broker,
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Data last updated 12:29 AM UTC, 8/15/22