5571 Reno Cir - Apartments FOR SALE


Huntington Beach, CA 92649
$2,425,000 USD
714-658-0646
5571 Reno Cir, Huntington Beach, CA for Sale
$2,425,000 USD
Apartments - FOR SALE
1/11
null | 3.9% Cap Rate

5571 Reno Cir
Huntington Beach, CA 92649


HIGHLIGHTS

  • Individually metered electric and gas.
  • Garage, dedicated off street parking, patios and laundry hookups for all units.
  • Newly renovated units, new roof, majority of windows replaced.
  • Cul-de-sac location with historically high occupancy rate.

OVERVIEW

Well maintained, stable investment property. Four units building with a 3/2, 2/2, 2/1 mix. Two units currently at market rates, value add opportunity on the remaining other two units, each of which is on a M2M lease. All units have access to private patios, garage and dedicated off-street parking, and laundry hookups. All units are separately metered for electricity and gas. Recent renovations of the property include a new, permitted, architectural shingle roof (less than 2 years old), wood destroying pest fumigation, kitchen and interior renovations for in Units 3 and 4, dual pane windows in Units 1, 3, and 4. Very strong tenancies, historically low vacancy rate due to cul-de-sac location, property amenities, and proximity to Marina High School. Strong value add and owner occupied opportunity. Current cap rate is 3.9%, with renovations, proforma CAP rate is estimated to be closer to 4.2%.

FOR SALE DETAILS

PRICE

$2,425,000 USD

PRICE/SF

$279 USD /SF

# OF UNITS

4

PRICE/UNIT

$606,250

CAP RATE

3.9%

% 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

1972

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

-

APN/PARCEL ID

145-441-06

ASK ABOUT THIS PROPERTY

Dennis PaquetteTinalden Property Services, IncMore Info
714-658-0646

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Dennis PaquetteTinalden Property Services, IncMore Info
714-658-0646

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