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Ernie Caponera

ernie@newport-properties.com +1(714) 606-0926

$2,425,000

Est. payment - /mo

7,675 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Marina High School

MLS Listing ID PW26176967

HOA Y/N No

Year Built 1972

Lot Size 7,675 Sqft

Property Sub-Type Quadruplex

Property Description

STRONG INVESTMENT OPPORTUNITY- Strong Rents, Value Add Opportunity and Owner Occupancy Opportunity. This fourplex in North Huntington Beach is located in the highly desirable Marina High School neighborhood on a secluded cul-de-sac with a local community park and Marina High School less than one block away, ensuring reliable and consistent long term residents. Historical vacancy rate is less than 3% per year. The property includes a comprehensive list of amenities for each unit, including a private patio, garage space with laundry hookups, and additional dedicated off street parking . The unit mix includes a 3 bedroom, and a 2 bedroom unit on the ground floor, and two, 2 bedroom units on the second floor. Landscaping is easily managed, and each unit has its own electricity and gas meter, which ensures low Ownership expenses. Over the last 24 months the current Ownership has made significant investments in capital items, including thorough renovations of the two upstairs units, a new roof with architectural composite shingles, new dual pane windows in Units 1 and 4, and numerous other upkeep items. The two unit renovations included shakar cabinets and quartz countertops in the kitchens, new carpet and fresh paint throughout, and a new bathroom vanity with quartz countertop (in Unit 4 only). Total Owner investment in capital items exceeded $90,000.00 - strong evidence of positive Ownership involvement and a strong foundation for this fantastic opportunity next Owner. Leases include a mix of month to month tenancies, and term leases, each of which expires in April of 2027. The flexible sales timeline and current month to month leases provide a unique opportunity for a future Owner Occupant.

Location

State CA

County Orange

Area 17 - Northwest Huntington Beach

Interior

Interior Features Balcony, Ceiling Fan(s), Quartz Counters, Attic

Heating Forced Air, Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Carpet, Tile, Vinyl

Fireplaces Type Family Room

Fireplace Yes

Appliance Dishwasher, Disposal, Gas Range, Microwave, Range Hood

Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, In Garage

Exterior

Exterior Feature Rain Gutters

Parking Features Assigned, Asphalt, Door-Multi, Door-Single, Garage, Off Street, Garage Faces Rear, Tandem, Uncovered

Garage Spaces 5.0

Garage Description 5.0

Fence Average Condition

Pool None

Community Features Gutter(s), Park, Storm Drain(s), Street Lights, Suburban, Sidewalks

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Composition,Shingle

Accessibility No Stairs

Total Parking Spaces 10

Private Pool No

Building

Lot Description Cul-De-Sac

Faces South

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 14544106

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

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Listed by Alec Paquette Tinalden Property Services alec@tinalden.com, DRE #02038703

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California 92625, USA

5571 Reno CIR Huntington Beach, CA 92649

Ernie Caponera

Key Details

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Interior

Exterior

Building

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5571 Reno CIR