16941 Hoskins, Huntington Beach, CA, CA 92649
- $2,925,000
- List Price
- $2,925,000
- Price Change
- ▼ $25,000 1784076975
- Status
- ACTIVE
- MLS#
- OC26128187
- County
- Orange
- Year Built
- 1973
- Building Square Feet
- 6,046
- Square Feet
- 8,276
- Days on Market
- 47
- Property Type
- Multifamily
- Stories
- Two Levels
- Neighborhood
- Na
Property Description
Prime Huntington Beach 5-Unit Investment Opportunity. Exceptional, low-maintenance five-unit asset located in a highly desirable Huntington Beach neighborhood, offering strong value-add potential with extensive recent capital expenditures. The property features four identical two-bedroom, two-bathroom units with mirrored floor plans, including a unique ground-level unit (Unit 2) boasting a private wrap-around patio. These four units utilize a shared community laundry room. Units 1 and 2 have just been turned over with fresh paint, new carpet, and new shower doors, and are successfully stabilized on new one-year leases. Immediate upside is available as Unit 4 is vacating at the end of June, providing an ideal opportunity to renovate and capture market rent. The fifth unit (Unit 3) is a premium owner’s suite consisting of a one-bedroom layout with a private staircase/entrance, in-closet laundry, a half-bath, a full bath, and an additional standalone shower. The asset includes a total of nine assigned parking spaces, configured as six covered carports and three open spaces, with one carport dedicated to Unit 3 and the other Units are all assigned with two parkings spaces. Investors will benefit from minimal near-term CapEx due to significant recent infrastructure upgrades. Recent IMPROVEMENTS include NEW FURNACES for Units 1, 2, 4, and 5 (January 2026), full building TERMITE REPAIRS and FUMIGATION (May 2026), and fully compliant SB721 BALCONY and WALKWAY RE-COATINGS. Additionally, NEW SIEMENS ELECTRICAL SUB-PANELS were installed for all units alongside a NEW FLAT ROOF CARRYING A 10 YEAR WARRANTY (July 2024). This is a rare, turn-key coastal opportunity perfect for a seasoned investor or an owner-user looking for a premium private unit with strong supporting rental income.
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Additional Information
- Parcel Number
- 17826113
- Gross Scheduled Income
- $174,000
- Operating Expense
- 50545
- Net Operating Income
- $118,235
- Number of Buildings
- 1
- Lot Features
- 2-5 Units/Acre
- Appliances
- Dishwasher, Electric Range, Microwave, Refrigerator
- Fireplace Description
- Gas, Living Room
- Heat
- Central, Fireplace(s)
- Roof
- Flat
- Carport Spaces
- 6
- Sewer
- Sewer Tap Paid
- Water
- Public
- Community Features
- Park
Listing courtesy of Listing Agent: Brandon Mungai (brandon@thebrandhausinc.com) from Listing Office: The Brand Haus Inc..
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.