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$ 5,800,000
Est. payment | /mo
6,006 Sqft Lot
$ 5,800,000
Est. payment | /mo
6,006 Sqft Lot
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
MLS Listing ID NP26144129
HOA Y/N No
Lot Size 6,006 Sqft
Property Sub-Type Special Purpose
Property Description
Rare opportunity to own two side-by-side lots in one of Huntington Beach's most desirable coastal locations. Enjoy ocean views just moments from Pacific City, the iconic Huntington Beach Pier, and only one block from vibrant Main Street with its renowned restaurants, shopping, and entertainment.
The property features two producing oil wells generating approximately 5,000 barrels annually, providing consistent cash flow while offering exceptional long-term land value and future development potential (subject to buyer verification and city approvals). Whether you're seeking a strong income-producing investment, a strategic land hold, or a premier redevelopment opportunity, this unique coastal property delivers the best of both worlds in the heart of Surf City USA.This property has generated $204,969.26 January through June and pumped 2700 barrels in the first 6 months. Based upon the income and expenses through June. The cap rate would be 5.91
The property features two producing oil wells generating approximately 5,000 barrels annually, providing consistent cash flow while offering exceptional long-term land value and future development potential (subject to buyer verification and city approvals). Whether you're seeking a strong income-producing investment, a strategic land hold, or a premier redevelopment opportunity, this unique coastal property delivers the best of both worlds in the heart of Surf City USA.This property has generated $204,969.26 January through June and pumped 2700 barrels in the first 6 months. Based upon the income and expenses through June. The cap rate would be 5.91
Location
State CA
County Orange
Area 15 - West Huntington Beach
Interior
Fireplace No
Laundry None
Exterior
Utilities Available Water Not Available
Present Use See Remarks
Building
Lot Description Corner Lot, Rectangular Lot
Water None
Others
Tax ID 02416530
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Wayne Smith Corona Del Mar Properties Inc 949-300-2215, DRE #00922140