Property Detail

Description

Excellent investment opportunity in an Opportunity Zone in Huntington Beach! This fourplex offers a strong income stream with a gross scheduled income of $106,296 and operating expenses of just $9,708. The property consists of one 3-bedroom/2-bath unit, two 2-bedroom/1-bath units, and one oversized 1-bedroom/1-bath unit that could potentially be converted into a 2-bedroom. Current rents total $2,635, $2,110, $2,110, and $1,903 respectively, with pro forma rents projected at $3,500, $2,500, $2,500, and $2,200, offering solid upside potential. Each unit is separately metered for gas and electricity (five total for each utility) and all share one water meter. Tenants benefit from private garages for each unit, two additional parking spaces, ample street parking, and onsite laundry with a washer and dryer. The property has been re-piped with PEX and is conveniently located near freeways, schools, parks, and just minutes from the beach. Investors will also appreciate the added advantages that come with ownership in an Opportunity Zone—please inquire for more details.