16932 Lilac Ln - Apartments FOR SALE


Huntington Beach, CA 92647- Goldenwest
$2,100,000 USD
949-681-8388
16932 Lilac Ln, Huntington Beach, CA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/10
null | 4.11% Cap Rate

16932 Lilac Ln
Huntington Beach, CA 92647
Goldenwest


HIGHLIGHTS

  • Covington-style fourplex in a prime Huntington Beach neighborhood with strong rental demand
  • Excellent Unit Mix: Spacious 3-Bed / 2-Bath owners unit, two 2-Bed / 2-Bath units, and one 2-Bed / 1-Bath unit
  • Large Corner ±0.17-Acre Lot, Unit SF Approximately 4,358, Which Averages Over 1,000 SF per unit
  • Individually Metered for Gas & Electric, 5 Garages, Plus 2 Surface Spots, 7 Parking Total
  • Washer/dryer hookups in garages plus on-site laundry room for added income potential
  • Two Units Renovated, Additional Value-Add Opportunity for Investors

OVERVIEW

Mark Bridge at Matthews is pleased to present 16932 Lilac Lane, a pride-of-ownership Covington-style fourplex located in a highly desirable residential pocket of Huntington Beach. Built in 1972, the property sits on a large ±0.17 AC corner lot and totals approximately 4,358 square feet of rentable space, offering spacious layouts averaging over 1,000 square feet per unit—a rare feature for a fourplex in today’s market. The property features an excellent and highly functional unit mix, including a spacious single-story 3-bedroom / 2-bathroom owner’s unit, two large 2-bedroom / 2-bathroom units, and one 2-bedroom / 1-bathroom unit located above the garages. The 3-bedroom owner’s unit includes a fireplace, private patio, and a dedicated two-car garage, making the property especially attractive for owner-occupants seeking rental income or investors targeting high-quality tenants. Each unit benefits from individual gas and electric metering, its own hot water heater, private garage parking, and washer/dryer hookups located in the garages, in addition to an on-site laundry room that provides added convenience and supplemental income potential. Select units have undergone renovations, enhancing long-term rental appeal while still leaving room for future upside. The property is ideally situated on a quiet residential street, just minutes from Bella Terra Shopping Center, restaurants, parks, schools, and major employment hubs. Residents also enjoy easy access to the 405 Freeway, Golden West College, and the Huntington Beach coastline—making this an exceptional long-term investment in one of Southern California’s most desirable coastal rental markets. Broker of Record - David Harrington - License # 02168060 (CA) , 01320460 (CA)

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$482 USD /SF

# OF UNITS

4

PRICE/UNIT

$525,000

CAP RATE

4.11%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

Fourplex

APN/PARCEL ID

142-232-29

ASK ABOUT THIS PROPERTY

Mark BridgeThe Bridge Multifamily Team at MatthewsMore Info
949-681-8388

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

Mark BridgeThe Bridge Multifamily Team at MatthewsMore Info
949-681-8388

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