Property Detail

Description

RARE PRIDE-OF-OWNERSHIP 4-UNIT INVESTMENT OPPORTUNITY. FIRST TIME OFFERED FOR SALE IN APPROXIMATELY 25 YEARS. Situated on an approximately 9,700 square foot lot, the property consists of an approximately 4,678 square foot building located on a quiet cul-de-sac comprised of only 13 buildings. Built in 1979, the property has been exceptionally well maintained and exhibits strong pride of ownership throughout. The property currently generates approximately $139,740 in gross annual income and offers an attractive unit mix consisting of one spacious 3-bedroom, 2.5-bath townhome-style unit and three 2-bedroom, 2-bath units. The front 3-bedroom unit features a private enclosed yard and side patio, along with an attached 2-car garage with automatic opener and direct entry, and in-unit washer/dryer hookups creating a strong home appeal. All three 2-bedroom units feature highly desirable dual primary suite floorplans. Units #2 and #4 include private balconies, while Unit #3 features a private enclosed rear yard. Interior upgrades throughout the property include granite countertops, updated cabinetry, and ceramic tile flooring in the kitchens, dining areas, and bathrooms. The units offer spacious layouts with abundant closet and storage space. Additional amenities include five enclosed garages with automatic openers plus additional off-street parking for approximately 3 vehicles. The property features a tile roof on both buildings. There is a shared onsite laundry room for apartments 2, 3, and 4 with leased laundry machines. Located in one of Huntington Beach’s most desirable rental markets, this well-maintained property offers strong resident appeal and long-term investment stability. The operating expenses listed only consist of utilities, current property taxes, current insurance, gardening, and property management.