16861 Green Ln, Huntington Beach, CA 92649
6 Unit Apartment Building | $3,100,000 ($516,667/Unit) | 4.31% Cap Rate | Huntington Beach, CA 92649
For Sale
Active
Asking Price $3,100,000
- Property Type
-
Multifamily
- Square Feet
- 4,606 SF
Listing Contacts
Gene Smith
Property Overview
Level up your 1031 exchange and delight your real estate investment portfolio with this super duper clean and well maintained six unit apartment complex which is close to everything that's wonderful and amazing about Huntington Beach. Location, location, location. This opportunity currently boast a 4.31% CAP and there is still an estimated 15-20% upside on rents on the current GSI. The Bolsa Chica Wetlands, Huntington Harbour, Meadowlark Golf Course, the Pacific Ocean, places of worship and countless sumptuous eateries and restaurants are literality all within one mile. Each unit features a private garage, private patio or balcony and a fireplace. Coin laundry is on-site for additional income. All units are on month-to-month leases!
Property Details
- Class
- C
- Year Built
- 1973
- Stories
- 2
- Lot Size (sq. ft)
- 8,276 SF
- Units
- 6
Highlights
- There's a 15-20% upside on rents
- All units are leased month to month
- Fireplace in each unit
- Walking distance to the restaurants, shops and beach
- Individual garage space for each unit
- Private patios and balconies
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