16805 Roosevelt Ln - Apartments FOR SALE


Huntington Beach, CA 92649
$2,675,000 USD
916-337-4832
16805 Roosevelt Ln, Huntington Beach, CA for Sale
$2,675,000 USD
Apartments - FOR SALE
1/8
null | 3.91% Cap Rate

16805 Roosevelt Ln
Huntington Beach, CA 92649


HIGHLIGHTS

  • Incredible Unit Mix of: (2) - 3 Bedroom/2 Bath + Loft Units & (2) - 2 Bedroom/2 Bath Units
  • Spacious Floor Plans Averaging Over 1,300 SF per Unit, Each with Private Patios or Balconies, Fireplaces, Washer/Dryer Hookups, and Central Heat
  • Large Lot with Ample On-Site Parking | (4) Single-Car Garages & (4) Designated Surface Spaces
  • Three Units Have Been Fully Renovated Within the Last 5 Years with New Flooring, Bathroom Upgrades, and Updated Kitchens
  • Recent Capital Improvements Include New Electrical Subpanels and New Individual Water Heaters Within the Past Year
  • Individually Metered for Electricity & Gas | Landlord Only Pays for Water/Sewer, Trash, & Common Electricity

OVERVIEW

Matthews Real Estate Investment Services, as the exclusive listing agent, is pleased to offer the opportunity to acquire 16805 Roosevelt Lane, a spacious and well-maintained four-unit apartment building located on a quiet cul-de-sac in a desirable Huntington Beach neighborhood. Built in 1988, this pride-of-ownership property offers an exceptional unit mix of two (2) three-bedroom, two-bathroom + loft units and two (2) two-bedroom, two-bathroom units - averaging over 1,300 square feet - with ample on-site parking, including four (4) single-car garages and four (4) designated surface spaces. Each unit features generous layouts with private patios or balconies, fireplaces, vaulted ceilings (in 3-bedroom units), abundant natural light, and washer/dryer hookups, creating an appealing and comfortable living environment for tenants. The property is individually metered for gas and electricity, with tenants responsible for their own utilities, limiting landlord expenses to water, sewer, trash, and common area electricity. In the last five years, three units have been renovated with updated kitchens, bathrooms, and flooring, while recent capital improvements include new electrical subpanels and individual water heaters installed within the past year. This rare opportunity allows an investor to secure immediate cash flow while benefiting from future upside and predictable rent growth under California’s AB-1482 rent control (5% + CPI). Located near Bolsa Chica and Pearce Drive, the property enjoys proximity to shopping centers, restaurants, grocery stores, and entertainment.

FOR SALE DETAILS

PRICE

$2,675,000 USD

PRICE/SF

$422 USD /SF

# OF UNITS

4

PRICE/UNIT

$668,750

CAP RATE

3.91%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

High Income 4 Units | 5,200 SF Building

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1988

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,007 SF

ZONING

R2, Huntington Beach

APN/PARCEL ID

146-601-38

ASK ABOUT THIS PROPERTY

Brendan SlatteryMatthews Real Estate Investment ServicesMore Info
916-337-4832

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Brendan SlatteryMatthews Real Estate Investment ServicesMore Info
916-337-4832

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