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720 Owen, Huntington Beach, California 92648, Huntington Beach, 92648 - bed, bath

720 Owen, Huntington Beach, California 92648 home-pic-0
ACTIVE$1,499,900
720 Owen, Huntington Beach, California 92648
0Bed
0Bath
3,303Sqft
6,534Lot
Year Built
1965
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$454
HOA
-
Days on market
-
Sold On
-
MLS number
RS25241659
Home ConditionFair
Features
Patio
ViewNeighborhood

About this home

We found 4 Cons,6 Pros. Rank: price - $1.50M(18th), sqft - 3303(64th), beds - undefined(50th), baths - undefined(50th).

Excellent Investment Opportunity in the Heart of Huntington Beach! This well-maintained triplex features three VACANT UNITS! Live in one and hand-pick your tenants for the other two! The property includes two spacious 2-bedroom, 2-bath units with private patios, plus a large 3-bedroom, 2-bath rear unit with a private back yard. The rear unit offers an oversized living room that opens to the dining area and kitchen, The private backyard is perfect for entertaining or relaxing. All units have been updated with fresh paint inside and out, new flooring, and light remodels, and each includes its own garage. Conveniently located near shopping, schools, parks, and just a short drive to the beach and freeway, this property is ideal for both investors and owner-occupants alike. FHA or VA financing Okay.

Nearby schools

6/10
Joseph R. Perry Elementary School
Public,•K-5•0.4mi
7/10
Ethel Dwyer Middle School
Public,•6-8•1.3mi
9/10
Huntington Beach High School
Public,•9-12•0.7mi

Price History

Date
Event
Price
11/30/25
Listing
$1,499,900
Condition Rating
Fair
The property, built in 1965, has received 'light remodels' including fresh paint and new flooring, making it clean and move-in ready. However, the kitchens feature basic white cabinets, dated laminate countertops, and a mix of older and basic newer appliances. Bathrooms also show basic vanities and fixtures, with some dated elements like wood-framed mirrors and fluorescent lighting. While functional, these areas are cosmetically outdated and do not reflect a comprehensive modern renovation. The age of the property (59 years old) and the lack of explicit mention of major system upgrades (plumbing, electrical, HVAC) suggest that while maintained, major components are functional but show signs of being outdated, aligning with a 'Fair' condition.
Pros & Cons

Pros

Great Schools: High School: Huntington Beach High School (9/10).
Income-Generating Triplex with Vacant Units: This triplex offers an excellent investment opportunity with all three units currently vacant, allowing a new owner to hand-pick tenants, set market-rate rents immediately, or occupy one unit while generating income from the others.
Prime Huntington Beach Location: Situated in the highly desirable coastal city of Huntington Beach, the property benefits from strong tenant demand due to its proximity to shopping, schools, parks, the beach, and freeway access.
Recent Updates and Good Condition: All units have been recently updated with fresh paint inside and out, new flooring, and light remodels, reducing immediate capital expenditure for a new owner and making them move-in ready for tenants.
Desirable Unit Mix and Amenities: The property features a strong unit mix of two 2-bedroom/2-bath units and a larger 3-bedroom/2-bath unit, each offering private outdoor spaces (patios/backyard) and individual garages, enhancing tenant appeal.
Broad Financing Options: The property's eligibility for FHA or VA financing significantly expands the potential buyer pool, making it more accessible and attractive to a wider range of investors and owner-occupants.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6534, other record lot size in square feet = 6754.
Age of Property & Potential System Obsolescence: Built in 1965, the property is nearly 60 years old. While cosmetic updates are noted, there is no explicit mention of upgrades to major systems (e.g., plumbing, electrical, HVAC, roof), which could lead to significant future capital expenditures.
Higher Maintenance Potential: As an older multi-unit property, it may inherently incur higher ongoing maintenance and repair costs compared to newer constructions, despite recent light remodels, due to the age of underlying infrastructure.
Lack of Premium Views: The property offers a 'Neighborhood' view. In a desirable coastal market like Huntington Beach, the absence of premium ocean or city views might limit its top-tier value compared to properties with more scenic outlooks.

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