5561 Reno, Huntington Beach, CA, CA 92649
- $2,425,000
- List Price
- $2,425,000
- Status
- ACTIVE
- MLS#
- PW26217784
- County
- Orange
- Year Built
- 1972
- Building Square Feet
- 4,273
- Square Feet
- 6,970
- Days on Market
- 25
- Property Type
- Multifamily
- Stories
- Two Levels
- Neighborhood
- Marina High School
Property Description
5561 Reno Circle presents an opportunity to acquire a well-located four-unit apartment property in desirable North Huntington Beach. Situated on a quiet cul-de-sac near Marina High School, the property offers strong existing income together with meaningful long-term rental upside. The approximately 4,273-square-foot property was built in 1972 and features an attractive unit mix consisting of one 3-bedroom/2-bath unit, two 2-bedroom/2-bath units, and one 2-bedroom/1-bath unit. Current scheduled rents total approximately $9,735 per month. Three of the four units are rented below current market levels and are occupied on month-to-month tenancies, providing an opportunity for future income growth for the new owner. The property has benefited from substantial interior improvements, with all units remodeled except the 3-bedroom unit. Improvements include granite countertops, newer cabinetry, and other interior upgrades. One of the 2-bedroom/2-bath units features a permitted open-floor-plan configuration approved by the City. Located in an established Huntington Beach rental neighborhood, the property offers convenient access to schools, shopping, employment centers, major transportation routes, Huntington Harbour, Bolsa Chica, and the beach. Expenses are estimated; actual operating expenses will be provided upon an accepted offer.
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Additional Information
- Parcel Number
- 14544107
- Rent Control
- Yes
- Common Interest
- Community Apartment
- Gross Scheduled Income
- $116,820
- Operating Expense
- 29205
- Net Operating Income
- $86,447
- Number of Buildings
- 1
- Lot Features
- Cul-De-Sac, Lawn, Landscaped, Near Park, Sprinkler System, Street Level
- Appliances
- Built-In Range, Gas Cooktop, Disposal, Gas Oven, Gas Range, Gas Water Heater, Water Heater
- Utilities
- Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
- Fireplace Description
- Living Room
- Heat
- Forced Air, Wall Furnace
- View
- Neighborhood
- Exterior Construction
- Stucco
- Roof
- Asphalt, Shingle
- Garage Spaces Total
- 5
- Sewer
- Sewer Tap Paid
- Water
- Public
- Community Features
- Curbs, Street Lights, Suburban, Sidewalks, Park
Listing courtesy of Listing Agent: Michael Lembeck (mike@socalmultifamilybroker.com) from Listing Office: Citivest Realty Services, 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.