17431 Koledo Ln - Apartments FOR SALE


Huntington Beach, CA 92647- Oak View
$1,950,000 USD
949-207-7412
17431 Koledo Ln, Huntington Beach, CA for Sale
$1,950,000 USD
Apartments - FOR SALE
1/7
null | 4.2% Cap Rate

17431 Koledo Ln
Huntington Beach, CA 92647
Oak View


HIGHLIGHTS

  • Excellent Unit Mix of All Large 2 Bedroom/2 Bathroom Units
  • Recent Capital Improvements Include New Roof, Windows, and Water Heater
  • All Units were Renovated in 2010 with New Flooring, Kitchens, Bathrooms
  • Large Lot with Ample On-Site Parking | (5) Single-Car Garages & (2) Rear Surface Spaces with Additional Community Street Parking
  • Value-Add Investment Opportunity with Over 15% Rental Upside Potential

OVERVIEW

Matthews Real Estate Investment Services, as the exclusive listing agent, is pleased to offer the opportunity to acquire 17431 Koledo Lane, a five-unit apartment building located on a quiet cul-de-sac within a designated Opportunity Zone in Huntington Beach, CA. Built in 1964, this well-maintained property offers a desirable unit mix of five (5) two-bedroom, two-bathroom units with ample parking, including five (5) single-car garages and two (2) surface parking spaces, along with additional community and street parking. Each unit features spacious layouts with balconies, abundant natural light, and access to an on-site laundry facility. Each unit is individually metered, with tenants responsible for their own gas and electricity, helping to keep landlord operating expenses low. The owner is only responsible for water and a small HOA fee, which covers trash and landscaping—simplifying management while contributing to a comfortable living environment for tenants. With this rare buying opportunity, an investor will have the ability to capture over 15% rental upside by renovating units and leveraging the long-term fundamentals driving demand in the Huntington Beach multifamily market.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$412 USD /SF

# OF UNITS

5

PRICE/UNIT

$390,000

CAP RATE

4.2%

% 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

1964

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,472 SF

ZONING

R3-20

APN/PARCEL ID

165-232-27

ASK ABOUT THIS PROPERTY

Brendan SlatteryMatthews Real Estate Investment ServicesMore Info
949-207-7412

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Brendan SlatteryMatthews Real Estate Investment ServicesMore Info
949-207-7412

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