Property listed by Think Boutiq Real Estate, Craig Wallace 562-673-1138
$2,390,000
Rare pride-of-ownership fourplex located in one of Huntington Beach's most desirable coastal neighborhoods. This well-maintained investment property features an outstanding unit mix that is increasingly difficult to find: two spacious 3-bedroom, 2 bath townhome-style units, one 2-bedroom, 2-bath unit, and one 1-bedroom, 1-bath unit situated on a generous 8,280 square… Read More foot lot with six private enclosed garages.******PLEASE SEE T12 IN SUPPLEMENTS FOR MORE ACCURTATE FINANCIALS****Also available in conjunction with the adjacent fourplex at 16692 Blanton Lane, creating a rare opportunity to acquire two side-by-side multifamily properties totaling eight units. The townhome-style floor plans offer generous living space that has attracted long-term tenants and historically low turnover. Multiple scheduled rent increases are already in place. Ideally positioned just minutes from Bolsa Chica Ecological Reserve, Huntington Harbour, Huntington State Beach, and the shopping and dining along Warner Avenue and Bolsa Chica Road, this property offers investors the opportunity town in one of Orange County's most sought-after coastal rental markets, where long-term demand continues to outpace new multifamily development. An excellent opportunity for a 1031 exchange buyer, long-term investor, or owner-occupant seeking a spacious townhome-style residence while generating income from the remaining units. Please do not disturb tenants. Inspections subject to an accepted offer. Read Less
Listing Snapshot
Days Online
34
Last Updated
Property Type
Apartment
Lot Size
0.19 Acres
Year Built
1975
MLS Number
RS26190467
Additional Details
Building
Built in 1975, 1 building, 2 stories, Levels: Two, Entry level: 1, Entry location: 1
Community
Gutters
Expenses
Operating: $41,355
Garage
4 spaces
Income
Gross Income: $100,432, Gross ScheduledIncome: $124,416, Net Operating Income: $57,374
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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