Huntington Beach, CA,211 1st Street

$630,000

$650,000

3.1%
Est.Price: ?

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Est. payment /mo

8,799 Sqft Lot


SOLD DATE : 06/09/2014

Key Details

Sold Price $630,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

Subdivision Downtown Area (Down)

MLS Listing ID OC14070031

Sold Date 06/09/14

HOA Y/N No

Tax Year 2013

Lot Size 8,799 Sqft

Property Description

Three 25 X 117.5 foot lots located across the street from the 31 acre Pacific City Development (which is now under construction) being sold "subject to oil & gas lease". Site cannot be developed until oil operator stops producing and leased is terminated. Oil royalties to the land owner have been approximately $24,000 the last two years. According to the City of HB, the site is located in Zone: SP5-CZ, District #1, Neighborhood Subdistrict. Present zoning is for the construction of single family dwellings upto 3 stories. Recent sales of SFRs on similar 25 X 117 foot lots in Downtown HB have been as high as $1,550,000 (per house) on the 200 block. Once wells have been capped and soils cleaned, each of the three lots has the potential to be the site for such a home... but it could be many years into the future before the site can be developed.

Location

State CA

County Orange

Area 15 - West Huntington Beach

Zoning SP5-CZ

Interior

Fireplace No

Exterior

Fence Chain Link

Community Features Gutter(s), Sidewalks

Utilities Available Sewer Available

View Y/N Yes

View Ocean

Others

Senior Community No

Tax ID 02416205

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Scot Campbell • Coldwell Banker-Campbell Rltrs
Bought with Scot Campbell • Coldwell Banker-Campbell Rltrs
agent-avatar

+1(559) 593-3088

miguelsanchez@tsret.com

7475 N Palm Ave STE 105, Fresno, CA, 93711

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