16972 Lynn Ln - Apartments FOR SALE


Huntington Beach, CA 92649
$3,295,000 USD
949-372-4888
16972 Lynn Ln, Huntington Beach, CA for Sale
$3,295,000 USD
Apartments - FOR SALE
1/25
null | 3.96% Cap Rate

16972 Lynn Ln
Huntington Beach, CA 92649


HIGHLIGHTS

  • Excellent Pride of Ownership & Turn-Key Investment Opportunity, Plus New Roof in 2020
  • Substantial Interior & Exterior Renovations Include: New Flooring, New Kitchen Cabinets, New Bathroom Vanities, New Interior Paint & New Windows
  • Ample Parking Which Includes 12 Spots: 6 Single Car Garages Plus 6 Surface Spots
  • Private Patios & Balconies, On-Site Laundry Room, and Separately Metered for Gas & Electricity
  • Highly Desirable Huntington Harbor Location, Within One Mile of Local Huntington Beaches, Pacific Coast Highway & Retail Attractions
  • Excellent Location Within Walking Distance to Trader Joe’s, Bank of America, Chase Bank, and Huntington Harbor Medical Center

OVERVIEW

We are pleased to present 16972 Lynn Lane located in beautiful Huntington Beach, CA. Built in 1976, this garden style two story walkup is well-located in a highly desirable Coastal location of Huntington Harbor. The asset has great curb appeal with nice landscaping, including well-maintained trees and other greenery. The property has an excellent unit mix of one 2 bed / 1 bath, five 1 bed / 1 bath units and a studio apartment. All units have all been renovated with new hardwood floors, new kitchen cabinets, new bathroom tile flooring, and new interior paint. Additional building upgrades include a new roof installed in February 2020, and new windows and exterior paint. The property has ample parking, including six secure single car garages, six assigned on-site spaces, and additional open street parking. The tenants enjoy private patios and balconies, on-site community laundry room, and each unit is separately metered for gas and electric. A key driver in the desirability of this asset is its prime Huntington Beach coastal location, just a mile away from the beach. Within 0.25 miles of the asset includes a Trader Joe’s, Bank of America, Chase Bank, and the Huntington Harbor Medical Center. The property is also conveniently located a mile from Huntington Harbor, Bolsa Chica State Beach, Sunset Beach, and Pacific Coast Highway.

FOR SALE DETAILS

PRICE

$3,295,000 USD

PRICE/SF

$390 USD /SF

# OF UNITS

7

PRICE/UNIT

$470,714

CAP RATE

3.96%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lynn Lane Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1976

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

R2

APN/PARCEL ID

178-261-08

ASK ABOUT THIS PROPERTY

Mark BridgeThe Bridge Multifamily Team at Cushman & WakefieldMore Info
949-372-4888

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Mark BridgeThe Bridge Multifamily Team at Cushman & WakefieldMore Info
949-372-4888

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