Property Detail

Description

Rare pride-of-ownership fourplex located in one of Huntington Beach's most desirable coastal neighborhoods. This well-maintained investment property features an outstanding unit mix that is increasingly difficult to find: two spacious 3-bedroom, 2 bath townhome-style units, one 2-bedroom, 2-bath unit, and one 1-bedroom, 1-bath unit situated on a generous 8,280 square foot lot with six private enclosed garages. ******PLEASE SEE T12 IN SUPPLEMENTS FOR MORE ACCURTATE FINANCIALS******* **Also available in conjunction with the adjacent fourplex at 16692 Blanton Lane, creating a rare opportunity to acquire two side-by-side multifamily properties totaling eight units. The seller may consider a purchase incentive for a buyer acquiring both properties simultaneously, making this an exceptional portfolio expansion or 1031 exchange opportunity.** The townhome-style floor plans offer generous living space that has attracted long-term tenants and historically low turnover. Multiple scheduled rent increases are already in place.  Ideally positioned just minutes from Bolsa Chica Ecological Reserve, Huntington Harbour, Huntington State Beach, and the shopping and dining along Warner Avenue and Bolsa Chica Road, this property offers investors the opportunity to own in one of Orange County's most sought-after coastal rental markets, where long-term demand continues to outpace new multifamily development. An excellent opportunity for a 1031 exchange buyer, long-term investor, or owner-occupant seeking a spacious townhome-style residence while generating income from the remaining units. Please do not disturb tenants. Inspections subject to an accepted offer.