Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

5

Building size

6,046 sqft

Lot size

8,276 sqft

Year built

1973

Stories

2

Garage spaces

0

Heating

Fireplace(s),Central

Cooling

None

Pool

None

Status

Active

Days on market

114

MLS #

243705625

About this property

Prime Huntington Beach 5-Unit Investment Opportunity. Exceptional, low-maintenance five-unit asset located in a highly desirable Huntington Beach neighborhood, offering strong value-add potential with extensive recent capital expenditures. The property features four identical two-bedroom, two-bathroom units with mirrored floor plans, including a unique ground-level unit (Unit 2) boasting a private wrap-around patio. These four units utilize a shared community laundry room. Units 1, 2 & 4 have just been turned over with fresh paint, new carpet, and new shower doors, and are successfully stabilized on new one-year leases. (Unit 3) is a premium owner’s suite consisting of a one-bedroom layout with a private staircase/entrance, in-closet laundry, a half-bath, a full bath, and an additional standalone shower. The asset includes a total of nine assigned parking spaces, configured as six covered carports and three open spaces. Investors will benefit from minimal near-term CapEx due to significant recent infrastructure upgrades. Recent IMPROVEMENTS include NEW FURNACES for Units 1, 2, 4, and 5 (January 2026), full building TERMITE REPAIRS and FUMIGATION (May 2026), and fully compliant SB721 BALCONY and WALKWAY RE-COATINGS. Additionally, NEW SIEMENS ELECTRICAL SUB-PANELS were installed for all units alongside a NEW FLAT ROOF CARRYING A 10 YEAR WARRANTY (July 2024). This is a rare, turn-key coastal opportunity perfect for a seasoned investor or an owner-user looking for a premium private unit with strong supporting rental income.

Location

16941 Hoskins

Huntington Beach, Orange, CA, 92649