517 Walnut Avenue
Mixed-Use Property in the 100 Block of Downtown Huntington Beach | Situated Across 4 Lots
Marketing description
Download Offering Memorandum: https://multifamilysocal.com/listings/517walnutavenue/
Investment highlights
Generational Acquisition Opportunity - This is the first time 517 Walnut Avenue has been offered for sale.
Mixed Use Property - 517 Walnut Avenue features two retail spaces, seven apartment units, and one single-family home, comprised of three separate buildings.
Partially Historical - Among the four lots, two contain historical buildings listed in the California and National Registries, while the other two do not have a historical building
Desirable Coastal Location (Walk Score: 90) - Located only 0.2 miles and a 3-minute walk from the Huntington Beach Pier
Redevelopment/Restoration Opportunity - Given the strong rental demand in Huntington Beach, coupled with the unique layout and potential of the property at 517 Walnut Avenue, investors are presented with a promising opportunity for redevelopment/restoration. This location, characterized by its attractive surroundings and proximity to amenities, makes it an ideal candidate for revitalization. Investors can leverage the existing structure and enhance it to meet current market needs, potentially increasing its value and rental income. With careful planning and execution, this redevelopment/restoration could transform the property into a highly sought-after, historical and unique residential or mixed-use property, capitalizing on the thriving real estate market in Huntington Beach
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