We are pleased to offer the opportunity to acquire 17431 Koledo Lane, a five-unit value-add 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… Read More parking, including five (5) single-car garages and two (2) surface parking spaces, along with additional community and street parking. Each unit features updated interiors (renovated in 2010 with new flooring, kitchens, and bathrooms), 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. Read Less
Property listed by Matthews Real Estate Investment Services, Kamfar Kyle Mirrafati 866-889-0550
Listing Snapshot
Days Online
2
Last Updated
Property Type
Other
Beds
10
Square Ft.
4,734
Lot Size
0.24 Acres
Year Built
1964
MLS Number
25560001
30 Days Snapshot Of 92647
$1.32M
+10%
(avg) sold price
24
+20%
homes sold
67
-19%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1964, Building area total: 4,734, Levels: Two, Living area: 4734, 2 stories, 2 buildings
Garage
5 spaces
Income
Gross income: $125,160, Net operating income: $81,815
Lot
0.2404 acres, 10,472 square feet, Size: 10,472
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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