16672 Algonquin St - Apartments FOR SALE


Huntington Beach, CA 92649
$2,349,000 USD
213-864-2862
16672 Algonquin St, Huntington Beach, CA for Sale
$2,349,000 USD
Apartments - FOR SALE
1/8
null | 4% Cap Rate

16672 Algonquin St
Huntington Beach, CA 92649


HIGHLIGHTS

  • Very Clean Four Units in Huntington Harbour
  • 0.50 Miles to the Water
  • Excellent Unit Mix: (2) 3 BD, (1) 2 BD, and (1) 1 BD
  • 6 Single-Car Garages + 1 Tandem Open Space
  • New Roof, Plumbing, Windows and more
  • Potential for 25%+/- Upside in Income with ADU Potential

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,349,000 USD

PRICE/SF

$335 USD /SF

# OF UNITS

4

PRICE/UNIT

$587,250

CAP RATE

4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Four Units in Huntington Harbour

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1976

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,699 SF

ZONING

-

APN/PARCEL ID

178-181-02

ASK ABOUT THIS PROPERTY

Pat SwansonStream Realty Partners, LPMore Info
213-864-2862

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Pat SwansonStream Realty Partners, LPMore Info
213-864-2862

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.