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+19493970799
Walker Consultant Group / ReaL Brokerage
17710 Van Buren Lane Unit 16, Huntington Beach, CA 92647
- $6,079,000
- List Price
- $6,079,000
- Status
- ACTIVE
- MLS#
- OC26237255
- Year Built
- 1965
- Lot Size
- 38,768
- Acres
- 0.89
- Lot Location
- 16-20 Units/Acre
- Days on Market
- 1
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Neighborhood
- Bolsa Park (Bols)
Property Description
An opportunity to acquire a 16-unit, townhomestyle multifamily investment property in Huntington Beach, California, featuring significant potential for rental income growth by value-add renovations, and prospective accessory dwelling uni t (ADU) development. Constructed in 1965, the property consists of twostory town-home-style residences with desirable twobedroom floor plans, private patios or backyards, and dedicated parking. Current rents of approximately $2,200 per month per unit present a potential opportunity to reposition the property through substantial interior and exterior renovations, with projected market rents of approximately $3,295 per month per unit, subject to market verification and completion of substantial improvements. Additionally, the property presents a potential opportunity to explore ADU development, subject to applicable state and local regulations, site-specific feasibility, and required governmental approvals.
Additional Information
- Pool Description
- Community
- Garage Spaces Total
- 16
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 16
- Gross Scheduled Income
- $426,400
- Operating Expense
- 187332
Listing courtesy of Listing Agent: Jonathan Mitchell (jon.mitchell@kidder.com) from Listing Office: Kidder Mathews of California, Inc.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.