7736 Sugar Drive, Huntington Beach, California 92647, Huntington Beach, - bed, bath
ACTIVE$2,700,000
7736 Sugar Drive, Huntington Beach, California 92647
0Bed
0Bath
4,250Sqft
22,800Lot
Year Built
1950
Close
-
List price
$2.7M
Original List price
$2.7M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
IG25037935
Home ConditionFair
Features
Patio
ViewNeighborhood
About this home
Prime Investment Opportunity in Huntington Beach – Rare, High-Yield Property! Take advantage of owning this 3-unit compound sitting on a massive 22,800 sq. ft. lot, boasting a strong 3.7% cap rate. Just 6 miles from the beach and 1 mile from Bella Terra, this unique property features a 4-bed, 3-bath main house, a detached studio, a huge 2,400 sq. ft. garage with high ceilings and expansion potential, an attached 2-bed apartment, five additional garages, and two tool sheds. Zoned RL-7, it offers incredible flexibility for investors, developers, or visionary buyers looking to unlock the full potential of this trophy property.
Price History
Date
Event
Price
02/20/25
Listing
$2,700,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (111 Listings) | |
|---|---|---|---|
| Beds | 0 | 4 | |
| Baths | 0 | 2 | |
| Square foot | 4,250 | 1,629 | 99% |
| Lot Size | 22,800 | 6,079 | 99% |
| Price | $2.7M | $1.29M | 99% |
| Price per square foot | $635 | $789 | 13% |
| Built year | 1950 | 9820982 | 2% |
| HOA | |||
| Days on market | 257 | 153 | 95% |
Condition Rating
Fair
The property, built in 1950, presents a mix of updated and older features. The main kitchen appears significantly renovated with modern stainless steel appliances, stone countertops, and wood cabinetry, likely within the last 10-15 years. One bathroom also features a contemporary tiled shower with a niche and bench. However, other areas, such as a second bathroom with glass block and older beige tiling, the entryway's diagonal tile flooring, and the wood-paneled living room ceiling, reflect styles or renovations from 15-30 years ago. The presence of a window AC unit in one of the secondary units suggests inconsistent or less modern cooling systems across the compound. While the main living spaces are well-maintained and functional, the overall property, being a multi-unit compound with varying levels of updates and some outdated elements, requires minor updates to achieve a consistent modern aesthetic throughout.
Pros & Cons
Pros
Multi-Unit Income Potential: The property is a 3-unit compound (main house, detached studio, attached 2-bed apartment) offering diverse rental income streams or multi-generational living arrangements.
Exceptional Lot Size & Development Opportunity: A massive 22,800 sq. ft. lot zoned RL-7 provides significant space for expansion, development, or creating a private estate, appealing to investors and visionary buyers.
Strong Investment Return: Boasts a strong 3.7% cap rate, indicating a solid return on investment for income-focused buyers.
Prime Huntington Beach Location: Situated just 6 miles from the beach and 1 mile from Bella Terra, offering desirable coastal living with convenient access to amenities, shopping, and entertainment.
Extensive Auxiliary Structures: Includes a huge 2,400 sq. ft. garage with high ceilings, five additional garages, and two tool sheds, providing ample storage, workshop space, or further development potential.
Cons
Age of Construction: Built in 1950, the property may require significant updates, renovations, or ongoing maintenance to meet modern standards and preferences, potentially incurring substantial costs.
High Capital Investment for Potential Realization: While offering 'expansion potential' and 'flexibility for developers,' unlocking the 'full potential' likely requires substantial additional capital investment and project management.
Complexity of Multi-Unit Management: Managing a 3-unit compound with numerous auxiliary structures can be more complex and time-consuming than a standard single-family home, potentially requiring professional management or significant owner involvement.