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$ 6,079,000
Est. payment | /mo
2 Beds
2 Baths
0.89 Acres Lot
$ 6,079,000
Est. payment | /mo
2 Beds
2 Baths
0.89 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Bolsa Park (Bols)
MLS Listing ID OC26237255
Bedrooms 2
Lot Size 0.890 Acres
Property Sub-Type Res Income 2-4 Units
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.
Location
State CA
County Orange
Zoning Assessor
Direction South of 405, East of Beach
Interior
Fireplace No
Exterior
Pool Community/Common
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 16748216
Acceptable Financing Cash
Listing Terms Cash
Listed by Jonathan Mitchell, DRE#01227852 Kidder Mathews of California, Inc
Nearby Locations
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