$ 2,425,000
-
$2,425,000
Price -
9
Bed -
7
Bath -
4,274
SqFt
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About the Listing PB12051 - PWPAQALE
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.
Listing Highlights
Interior Details
- Bedrooms: 9
- Bathrooms: 7 Full
- Appliances: Dishwasher, Disposal, Gas Range, Microwave, Range Hood
- Air Cond: Wall/Window Unit(s)
- Heating: Forced Air,Wall Furnace
- Fireplaces: Family Room
- Floor: Carpet,Tile,Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Balcony,Ceiling Fan(s),Quartz Counters,Attic
- Water: Public
Exterior Details
- Lot Description: Cul-De-Sac,No Land Lease
- Garage Capacity: 5 car
- Parking Spaces: 10
- Roof: Composition,Shingle
- Others: Rain Gutters,Drywall,Frame,Stucco,2+ Total Units
- Sewer: Public Sewer
- Parking Features: Assigned,Asphalt,Door-Multi,Door-Single,Garage,Off Street,Garage Faces Rear,Tandem,Uncovered
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 14544106
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
5571 Reno Cir Huntington Beach, CA 92649
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