$630,000
$650,000
3.1%For more information regarding the value of a property, please contact us for a free consultation.
211 1st Street Huntington Beach, CA
8,799 Sqft Lot
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
Acres 0.202
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 ChainLink
Community Features Gutters, Sidewalks
Utilities Available SewerAvailable
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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Bought with Scot Campbell • Coldwell Banker-Campbell Rltrs