We are pleased to present this turnkey 5 unit apartment community located in the heart of Huntington Beach, at an in-place 4.76% cap rate and 15 GRM. This asset comprises an attractive unit mix of two 3-Bed/2-Bath units (~1,100 SF each) & three 2-Bed/1.5-Bath townhomes (~990 SF each). The property - interior and exterior - has been upgraded and professionally designed over the course of the last ~12 months, including windows, kitchens, bathrooms, lighting, appliances (including laundry in each unit), flooring, exterior paint, lighting & landscaping, roof (2019), partial plumbing and electric. In addition, the property now boasts a spectacular ~1,100 SF 3-Bed/2-Bath ADU. Qualified, market-rate, long-term tenants in place, these units leased FAST due to exquisite exterior and interior design, amenities like brand new kitchens & baths, private outdoor spaces, in-unit laundry, AC (ADU), and townhome-style layouts (3 units). Separate gas and electrical meters for each unit. NO LOCAL RENT CONTROL - subject only to AB 1482. Four on-site parking spaces too. Located in prime Orange County in one of the strongest rental markets. Short distance to beaches, HB Pier, neighborhood shopping center, grocery stores, trails and more.
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DAYS ON MARKET
|
64
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LAST UPDATED
|
2/29/2024
|
|
YEAR BUILT
|
1964
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COMMUNITY
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West Huntington Beach
|
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COUNTY
|
Orange
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STATUS
|
Active
|
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PROPERTY TYPE(S)
|
Residential Income
|
|
|
| APPLIANCES |
Dishwasher, Dryer, Gas Cooktop, Gas Oven, Microwave, Oven, Refrigerator, Washer |
| AREA |
West Huntington Beach |
| BUYER'S BROKERAGE COMPENSATION |
2.000 % |
| GARAGE |
Assigned |
| HEAT |
Combination |
| INTERIOR |
Ceiling Fan(s) |
| LOT |
6098 sq ft |
| LOT DIMENSIONS |
62x100 |
| PARKING |
Assigned |
| STORIES |
2 |
| ZONING |
R3 |
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Listed with Kape Property Management, Inc.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 5/2/24 6:44 PM PDT 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
This IDX solution is (c) Diverse Solutions 2024.
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