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$3,100,000   Price Analysis
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16861 Green Ln
Huntington Beach, CA 92649
7 bed 7 bath 4,606 SqFt ($673/SqFt)
8,276SqFt lot. Built 1973
Listed 2023-11-19, Taxes $11,215
Ⓧ USDA Ineligible
due to price & location

near Huntington Beach

Property Details

Delight your real estate investment portfolio with this super duper clean and well maintained six unit apartment complex which is close to everything that's wonderful and impressive about Huntington Beach. Location, location, location. The Bolsa Chica Wetlands, Huntington Harbour, Meadowlark Golf Course, the Pacific Ocean, places of worship and countless sumptuous eateries and restaurants are literality all within one mile.

Desn't everyone want a palindromic address? Each unit features a private garage, private patio or balcony and a fireplace. Coin laundry is on-site for additional income. There is approximately a 18% upside on rents from the current GSI. All units are on month-to-month leases!


Presented by Gene N Smith, Jr at
RE MAX Terrasol.
Listing Agent Photo

Property MLS #OC23214028 from CRMLS

Bedrooms: 7

Laundry Features: Community

Full Bathrooms: 7

Fireplace Features: Living Room
Heating Features: Wall Furnace
Heating: Yes

Flooring: Carpet, Laminate

Lot Description: Corner Lot
Lot Size Acres: 0.1899908
Lot Size Source: Assessor
Lot Size Square Feet: 8276

Garage Spaces: 6
Parking Total: 6

View: Neighborhood

Number of Units: 6
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 1
Bedrooms in Unit-6: 1
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Unit-1 Garage Spaces: 1
Unit-2 Garage Spaces: 1
Unit-3 Garage Spaces: 1
Unit-4 Garage Spaces: 1
Unit-5 Garage Spaces: 1
Unit-6 Garage Spaces: 1

Calculated Total Monthly Association Fees: 0
Gardener Expense: 2150.00

Number of Units Leased: 6
Tenant Pays: Cable TV, Electricity, Gas

Community Features: Sidewalks, Street Lights

Source Listing Status: Active
County: Orange
Cap Rate: 4.31
Other Expense: 1087.00
Source Property Type: Residential Income
Insurance Expense: 2870.00
Area: 17 - Northwest Huntington Beach
Source Neighborhood: 17 - Northwest Huntington Beach
Number of Separate Electric Meters: 7
Number of Separate Gas Meters: 6
Number of Separate Water Meters: 1
Parcel Number: 17826217
Pest Control Expense: 469.00
Postal Code Plus 4: 3530
Professional Management Expense: 1925.00
Trash Expense: 2072.00
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$485,025 + $405,974
$890,999
$11,215
2021$475,515 + $398,014
$873,529
$11,015
2020$470,640 + $393,933
$864,573
$10,891
2019$461,412 + $386,209
$847,621
$10,717
2018$524,043 + $397,500
$921,543
$10,485
2017$443,496 + $371,211
$814,707
$10,320
2016$434,800 + $363,933
$798,733
$9,998
2015$496,130 + $376,325
$872,455
$9,845
2014$309,420 + $264,546
$573,966
$7,455
2013$308,022 + $263,350
$571,372
$7,373
2012$301,983 + $258,186
$560,169
$7,179
2011$296,062 + $253,124
$549,186
$6,936
2010$293,850 + $251,232
$545,082
$6,795
2009$294,549 + $251,829
$546,378
$6,707
2008$288,774 + $246,891
$535,665
$6,450
2007$283,112 + $242,050
$525,162
$6,273

Relisted 2024-01-24
$3,100,000
CRMLS
Listing removed 2024-01-17
$0
CRMLS
Listed 2023-11-19
$3,100,000
CRMLS
Sold 1984-03-02
$100,000
Public Record

Net Operating Income: 133467.00

Total Square Feet Living: 4606
Year Built: 1973
Building Features: 1
Common Walls: No Common Walls
Entry Level: 1
Entry Location: 1
Property Age: 51
Property Condition: Turnkey
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Assessor

Electric Expense: 736.00
Sewer: Sewer: Public Sewer, Water Sewer Expense: 1800.00
Water Source: Public

Harbour View Elementary School is a public elementary school located approximately 0.6 miles away.
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Marine View Middle School is a public middle school located approximately 1 miles away.
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Marina High School is a public high school located approximately 1.5 miles away.
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LePort Montessori Huntington Harbor is a private elementary and middle school located approximately 0.8 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.