Property Detail

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.