16922 Lynn Ln - Apartments FOR SALE


Huntington Beach, CA 92649
$3,150,000 USD
714-713-9086
16922 Lynn Ln, Huntington Beach, CA for Sale
$3,150,000 USD
Apartments - FOR SALE
1/21
null | 3.87% Cap Rate

16922 Lynn Ln
Huntington Beach, CA 92649


HIGHLIGHTS

  • The unit mix includes 1-bed/1-bath units, 1-bed/1.5-bath townhouse-style residences, and a 2-bed/2-bath unit.
  • The renovated 2-bed/2-bath unit demonstrates the rental & lifestyle upside achievable through interior upgrades, featuring upgraded finishes, & more.
  • Current ownership has invested over $100,000 in balcony improvements to achieve SB 721 compliance.
  • All units feature private patios or balconies, a highly sought-after amenity in coastal markets.
  • The property includes 10 tuck-under parking spaces, providing convenient covered parking for residents and enhancing overall marketability.
  • Residents benefit from walkable access to the Trader Joe’s anchored Huntington Harbour Mall.

OVERVIEW

The Leeson Group of Marcus & Millichap is pleased to present the offering for 16922 Lynn Lane, a 6+1 unit multifamily property located in a highly desirable Huntington Harbour submarket of Huntington Beach, California. The property features a diverse unit mix, including a rare townhouse-style layout, and benefits from private outdoor space for every unit along with tuck-under parking. The unit mix consists of three 1-bed/1-bath units, two 1-bed/1.5-bath townhouse units, one 2-bed/2-bath unit, and one non-conforming 1-bed/1-bath unit. Select top-floor units feature vaulted ceilings, while all units include private patios or balconies, enhancing tenant appeal in this coastal-oriented market. The 2-bedroom unit has been renovated and showcases upgraded finishes including tile and vinyl flooring, an enhanced kitchen with built-in oven/range, range hood, and dishwasher, as well as central air conditioning and in-unit laundry, amenities not currently offered in the remaining units. The balance of the units utilize a community laundry facility, presenting a clear value-add opportunity through interior upgrades and amenity expansion. Situated just steps from Huntington Harbour, walkable retail, and coastal recreation, 16922 Lynn Lane offers investors the opportunity to acquire a well-located asset with strong long-term fundamentals and meaningful upside through continued interior renovations in one of Huntington Beach’s most sought-after residential pockets. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$513 USD /SF

# OF UNITS

7

PRICE/UNIT

$450,000

CAP RATE

3.87%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

R-3,Huntington Beach

APN/PARCEL ID

178-261-05

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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