16861 Green Lane, Huntington Beach, CA 92649

$3,100,000
List Price
$3,100,000
Status
ACTIVE
MLS#
OC23214028
Year Built
1973
Lot Size
8,276
Acres
0.19
Lot Location
Corner Lot
Days on Market
200
Property Type
Multifamily
Property Sub Type
Apartment
Stories
Two Levels

Property Description

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!

Additional Information

Pool Description
None
Fireplace Description
Living Room
Heat
Wall Furnace
Cooling Description
None
View
Neighborhood
Garage Spaces Total
6
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
6
Gross Scheduled Income
$149,640
Operating Expense
16173

Listing courtesy of Listing Agent: Gene Smith (genesmith@remax.net) from Listing Office: RE/MAX TerraSol.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Please consult a financial professional.
Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.