Properties: Beach Boulevard Mixed-Use Site

BEACH BOULEVARD MIXED-USED SITE
19471-19475 BEACH BLVD. | HUNTINGTON BEACH, CALIFORNIA
BRIDGE FINANCING

 

Loan Terms Funding for 50% of underwriting value, fixed rate, 1-year term and 1-year option to extend.
 
Valuation $2,500,000 based on purchase contract and plans to develop property to 4-story residential-retail mixed-use development.
   
Current Status Property is free-and-clear of debt with vacant building on site.
  
Description 19,850 SF lot on the high traffic corner of Beach Blvd. and Yorktown Ave. in Huntington Beach, California. Property is vacant and improved with 1970’s era building approximately 2,210 SF in size.
   
Location 19471-19475 Beach Blvd., Huntington Beach, California (NWC Beach & Yorktown). The Subject location is 1.5 miles to Pacific Coast Highway. Yorktown is the “gateway” to SeaCliff Country Club and residential community.
  
Zoning Bleach Blvd. vertical mixed-use zoning pending approval by City of Huntington Beach to allow 4-story structured with mixed residential, retail and office uses.

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