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$1,900,000
Est. payment /mo
9 Beds
7 Baths
4,442 SqFt
UPDATED:
12/13/2024 07:14 PM
Key Details
Property Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 4,442 sqft
Price per Sqft $427
MLS Listing ID 24464845
Bedrooms 9
HOA Y/N No
Year Built 1969
Lot Size 7,405 Sqft
Property Description
We are pleased to offer the opportunity to acquire 16562 Goldenwest Street, a four-unit Covington-style value add apartment building in the desirable Goldenwest neighborhood of Huntington Beach, CA. Built in 1969, this well-maintained property offers 4,442 rentable SF on a 7,405 SF lot featuring an excellent unit mix of one (1) three-bedroom "owner's unit" and three (3) two-bedroom units with ample on-site parking including two (2) double-car garages and three (3) surface parking spaces. Each unit features spacious layouts with private patios or balconies, abundant natural light, and wall heaters, providing a comfortable and appealing living experience for tenants. The property is individually metered for gas and electricity, includes brand new water heaters in each unit, and tenants are responsible for their own trash, reducing landlord operating expenses. Additionally, an on-site laundry room offers potential for added revenue, currently not operational and with no lease on the equipment. With this rare buying opportunity, an investor will have the opportunity to capture over 45% rental upside by renovating units and taking advantage of the fundamentals fueling the rental neighborhood of the Huntington Beach community for decades to come.
Location
State CA
County Orange
Area 17 - Northwest Huntington Beach
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Assigned, Door-Multi, Garage
Garage Spaces 4.0
Garage Description 4.0
Total Parking Spaces 7
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 14241115
Special Listing Condition Standard
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Listed by Kamfar Kyle Mirrafati • Matthews Real Estate Investment Services
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Scott Woodburn
Real Estate Professional Knowledge Broker | License ID: 01185194
Real Estate Professional Knowledge Broker License ID: 01185194