7736 Sugar Drive, Huntington Beach, California 92647, Huntington Beach, - bed, bath
ACTIVE$2,700,000
7736 Sugar Drive, Huntington Beach, California 92647
7Beds
5Baths
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
IG25038083
Home ConditionFair
Features
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 | 7 | 4 | 99% |
| Baths | 5 | 2 | 99% |
| 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 | 258 | 154 | 95% |
Condition Rating
Fair
Built in 1950, this multi-unit property presents a mixed condition. While the main house features some updates, such as a kitchen with stainless steel appliances and dark wood cabinets (likely 10-20 years old), and one bathroom with modern vanity and subway tiles, other units (like the attached apartment/studio) show significantly older kitchens with white appliances and dated cabinets, and bathrooms with very old fixtures and tiles. The property is maintained and functional, but many components are outdated and inconsistent across the units, requiring minor to substantial updates to meet current standards, aligning with a 'Fair' condition.
Pros & Cons
Pros
High Investment Potential: Described as a 'Prime Investment Opportunity' with a 'strong 3.7% cap rate', indicating solid income generation potential.
Multi-Unit Compound: Features a 3-unit compound including a main house, detached studio, and attached 2-bed apartment, offering multiple income streams or flexible living arrangements.
Massive Lot Size: Sits on a substantial 22,800 sq. ft. lot, providing ample space for expansion, privacy, or future development.
Development & Expansion Potential: Zoned RL-7 with a huge 2,400 sq. ft. garage and high ceilings, offering significant flexibility for investors, developers, or visionary buyers to enhance value.
Desirable Location: Conveniently located just 6 miles from the beach and 1 mile from Bella Terra, providing access to coastal amenities and local attractions in Huntington Beach.
Cons
Age of Property: Built in 1950, the property is older and may require significant updates to systems, infrastructure, and aesthetics to meet modern standards or reduce maintenance.
Requires Significant Investment/Vision: The description implies the property needs 'visionary buyers looking to unlock the full potential,' suggesting it is not a turnkey asset and will require substantial capital for renovation or development.
Limited View: While it 'has_view:true', the specific 'Neighborhood' view may not be as desirable or command the same premium as properties with ocean or panoramic views in a coastal market.