26
See all 26 photos
$2,425,000
Est. payment /mo
9 Beds
7 Baths
7,675 Sqft Lot
New
5571 Reno Circle Huntington Beach, CA 92649
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26176967
Bedrooms 9
Lot Size 7,675 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
STRONG INVESTMENT OPPORTUNITY- Strong Rents, Value Add Opportunity and Owner Occupancy Opportunity. This fourplex in North Huntington Beach is located in the highly desirable Marina High School neighborhood on a secluded cul-de-sac with a local community park and Marina High School less than one block away, ensuring reliable and consistent long term residents. Historical vacancy rate is less than 3% per year. The property includes a comprehensive list of amenities for each unit, including a private patio, garage space with laundry hookups, and additional dedicated off street parking . The unit mix includes a 3 bedroom, and a 2 bedroom unit on the ground floor, and two, 2 bedroom units on the second floor. Landscaping is easily managed, and each unit has its own electricity and gas meter, which ensures low Ownership expenses. Over the last 24 months the current Ownership has made significant investments in capital items, including thorough renovations of the two upstairs units, a new roof with architectural composite shingles, new dual pane windows in Units 1 and 4, and numerous other upkeep items. The two unit renovations included shakar cabinets and quartz countertops in the kitchens, new carpet and fresh paint throughout, and a new bathroom vanity with quartz countertop (in Unit 4 only). Total Owner investment in capital items exceeded $90,000.00 - strong evidence of positive Ownership involvement and a strong foundation for this fantastic opportunity next Owner. Leases include a mix of month to month tenancies, and term leases, each of which expires in April of 2027. The
Location
State CA
County Orange
Zoning Public Rec
Direction 405N, Exit Bolsa West, L on Graham, L on Taft, L on Cross, Cross becomes Reno.
Interior
Heating Forced Air Unit
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 14544106
Acceptable Financing Exchange
Listing Terms Exchange
Listed by Alec Paquette, DRE#02038703 Tinalden Property Services
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION