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Listed by Brandon Mungai • The Brand Haus Inc.
$2,950,000
Est. payment /mo
6,046 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 6,046 sqft
Price per Sqft $487
MLS Listing ID OC-26128187
Year Built 1973
Lot Size 8,276 Sqft
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Prime Huntington Beach 5-Unit Investment Opportunity. Exceptional, low-maintenance five-unit asset located in a highly desirable Huntington Beach neighborhood, offering strong value-add potential with extensive recent capital expenditures. The property features four identical two-bedroom, two-bathroom units with mirrored floor plans, including a unique ground-level unit (Unit 2) boasting a private wrap-around patio. These four units utilize a shared community laundry room. Units 1 and 2 have just been turned over with fresh paint, new carpet, and new shower doors, and are successfully stabilized on new one-year leases. Immediate upside is available as Unit 4 is vacating at the end of June, providing an ideal opportunity to renovate and capture market rent. The fifth unit (Unit 3) is a premium owner's suite consisting of a one-bedroom layout with a private staircase/entrance, in-closet laundry, a half-bath, a full bath, and an additional standalone shower. The asset includes a total of nine assigned parking spaces, configured as six covered carports and three open spaces, with one carport dedicated to Unit 3 and the other Units are all assigned with two parkings spaces. Investors will benefit from minimal near-term CapEx due to significant recent infrastructure upgrades. Recent IMPROVEMENTS include NEW FURNACES for Units 1, 2, 4, and 5 (January 2026), full building TERMITE REPAIRS and FUMIGATION (May 2026), and fully compliant SB721 BALCONY and WALKWAY RE-COATINGS. Additionally, NEW SIEMENS ELECTRICAL SUB-PANELS were installed for all units alongside a NEW FLAT ROOF CARRYING A 10 YEAR WARRANTY (July 2024). This is a rare, turn-key coastal opportunity perfect for a seasoned investor or an owner-user looking for a premium private unit with strong supporting rental income.
Location
State CA
County Orange
Area 17 - Northwest Huntington Beach
Interior
Interior Features Ceiling Fan(s), Balcony
Heating Central, Fireplace(s)
Flooring Carpet, Laminate
Fireplaces Type Gas, Living Room
Laundry Common Area, In Closet
Exterior
Parking Features Assigned, Carport
Pool None
Community Features Park
Building
Lot Description 2-5 Units/Acre
Sewer Sewer Paid
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900