Est. cap rate

3.0%

Assumed rent, all units

$11,320/mo

Units

4

Price per unit

$562,250

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

4,227 sqft

Lot size

8,712 sqft

Year built

1976

Stories

2

Garage spaces

6

Pool

None

Status

Active

Days on market

28

MLS #

247269284

About this property

Location, Location, Location! This clean 4-unit property is ideally located in Huntington Harbour, just 0.50 miles from the water. The property features an excellent unit mix consisting of (1) 3 bedroom / 2.5 bath, (1) 3 bedroom / 2 bath, (1) 2 bedroom / 2 bath, and (1) 1 bedroom / 1 bath unit. Parking is exceptional with 6 single-car garages plus 1 tandem open parking space. The asset has benefited from numerous improvements, including a newer roof, plumbing, windows, sliders, and more. Additionally, the average household income in the area is approximately $165,000+. With approximately 25% upside in income and additional ADU potential, this property offers an excellent value-add investment opportunity in one of Huntington Beach’s most desirable coastal locations.

Location

16672 Algonquin

Huntington Beach, Orange, CA, 92649