7623 Bay Dr, Huntington Beach, CA 92648

Property Description

Las Brisas is a condominium community located exactly one-half mile from the ocean in beautiful Huntington Beach, CA. This desirable portfolio of condominiums is owned and professionally operated by a local private investor and represents a truly rare, core coastal, A+ location investment opportunity. This three story condominium community, consisting of 76 total units built in 1981. We are pleased to be presenting 11 of these 76 units in this portfolio offering. All floor plans are a two-bedroom/one-bathroom configuration and units are evenly distributed throughout this exclusive, gated community. The 11 units possess individual APN numbers and currently sell in the $400K range; in previous years the units commanded values upwards of $550K. The property and unit interiors are highly amenitized with opportunities for enhancements which both the market-rental tenant, and end-user sale, bases will demand and absorb. With the development of Pacific City well underway, the evolution of Downtown Huntington Beach will continue inching westward. Accordingly, this will trend the already superior micro-location of Las Brisas upward, outpacing all other core coastal Southern California multifamily investment opportunities.