Property Detail

Description

Rare opportunity to acquire one of four tenant-occupied investment properties available individually or as part of a premier Orange County residential income portfolio. This property is currently leased at $9,000 per month under a 5-year lease with a 5-year extension option and 5% annual rent increases, providing immediate income and long-term stability for investors.This spacious three-story residence offers approximately 3,000 square feet with 6 bedrooms, 4 full bathrooms, and an attached two-car garage. The home features granite countertops, recessed lighting, a spacious kitchen, generous living areas, and a flexible floor plan designed to accommodate a variety of living arrangements.Currently undergoing remodeling and improvements expected to be completed prior to the close of escrow, this property is located in the desirable Parkside Classics community of Huntington Beach, close to shopping, restaurants, parks, schools, major freeways, and just minutes from the beach. Tenants currently pay all utilities and day-to-day operating expenses, while the owner is responsible for property taxes, insurance, and repairs.