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$6,079,000
Est. payment /mo
0.89 Acres Lot
UPDATED:
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Bolsa Park (Bols)
MLS Listing ID OC26237255
HOA Y/N No
Year Built 1965
Lot Size 0.890 Acres
Property Sub-Type Apartment
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.
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.
Location
State CA
County Orange
Area 17 - Northwest Huntington Beach
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 16.0
Garage Description 16.0
Pool Community
Community Features Sidewalks, Pool
Total Parking Spaces 32
Private Pool No
Building
Lot Description 16-20 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 16748216
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Trust
Read Less Info
Listed by Jonathan Mitchell Kidder Mathews of California, Inc jon.mitchell@kidder.com, DRE #01227852
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