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.
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Zillow last checked:
Listing updated:
Listed by:
Alec PaquetteDRE #02038703alec@tinalden.com,
Tinalden Property Services
Source: CRMLS,MLS#: PW26176967Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 9
Bathrooms: 7
Rooms
Room types: Attic, Family Room, Kitchen, Primary Bathroom, Primary Bedroom
Heating
Forced Air, Wall Furnace
Cooling
Wall/Window Unit(s)
Appliances
Included: Dishwasher, Disposal, Gas Range, Microwave, Range Hood
Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, In Garage
Features
Balcony, Ceiling Fan(s), Quartz Counters, Attic
Flooring: Carpet, Tile, Vinyl
Windows: Double Pane Windows
Has fireplace: Yes
Fireplace features: Family Room
Common walls with other units/homes: No Common Walls