Est. cap rate

2.3%

Assumed rent, all units

$11,320/mo

Units

4

Price per unit

$731,250

Est. annual NOI

$67,920

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Quadruplex

Bedrooms

4

Building size

6,244 sqft

Lot size

8,237 sqft

Year built

1988

Stories

2

Garage spaces

4

Heating

Fireplace(s),Central

Cooling

None

Pool

None

View

None

Status

Active

Days on market

0

MLS #

245144559

About this property

Property was fumigated on 3/1 with wood repairs completed. Located in a prime Huntington Beach pocket near Bolsa Chica and Warner, Waverider Cir is a well-positioned four-unit multifamily property offering a strong unit mix, ample parking, and desirable coastal accessibility. Just minutes from Bolsa Chica State Beach and Sunset Beach, residents enjoy easy access to miles of coastline, bike paths, wetlands nature preserves, and nearby shopping and dining at Pacific City, Bella Terra, and local retail along Warner Avenue and Beach Boulevard. Each unit includes a single-car covered garage plus one dedicated exterior parking space, with several units featuring private outdoor areas and private laundry within each unit. Unit A features a two-story layout with two bedrooms upstairs with private baths and private balcony. Downstairs features a den/office, which can also be used as a third bedroom. Unit B features two bedrooms and two baths, a kitchen and living area, direct access to its private garage with washer/dryer hookups, and a dedicated patio with private gate. Unit D is located above Unit B and offers the same layout but with high ceilings and two balconies with views towards Bolsa Chica. Unit C is a spacious tri-level residence of approximately 1,800–1,900 square feet with a private ground-level entry from its garage, second-level kitchen and living area with half bath and balcony, and a third level featuring two primary bedroom suites, each with its own bathroom and balcony, for a total of three balconies. An ideal coastal investment opportunity with strong tenant appeal in a beach-close Huntington Beach location.

Location

5021 Waverider

Huntington Beach, Orange, CA, 92649