16861 Green Ln - Apartments FOR SALE


Huntington Beach, CA 92649
$3,000,000 USD
949-302-1400
16861 Green Ln, Huntington Beach, CA for Sale
$3,000,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

16861 Green Ln
Huntington Beach, CA 92649


HIGHLIGHTS

  • Rarely available Huntington Harbor location
  • Newly renovated, three-bedroom townhouse style owner’s unit
  • Immediately attainable rental upside
  • ADU potential
  • Market rents have been proven at the property
  • All apartments feature either large, enclosed patios or balconies

OVERVIEW

The Northmarq Multifamily Investments Sales team is pleased to present Harbor Terrace - a 6-unit value-add investment opportunity with significant projected rental upside in Huntington Beach, California. Market rents have been proven at the property with recent rent increases and new lease originations. The property features a large, recently renovated three-bedroom, two-bath owner’s unit with a direct access garage and washer/dryer hook-ups. There may be potential to add an additional dwelling unit (ADU) to the property. Harbor Terrace is located just outside of Huntington Harbor, which is the most sought-after location in Huntington Beach. The residents of Harbor Terrace enjoy access to world-class beaches, entertainment venues and top employment centers in Southern California.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$651 USD /SF

# OF UNITS

6

PRICE/UNIT

$500,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Harbor Terrace

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,282 SF

ZONING

RMH

APN/PARCEL ID

178-262-17

ASK ABOUT THIS PROPERTY

Peter HauserNorthmarqMore Info
949-302-1400

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Peter HauserNorthmarqMore Info
949-302-1400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.