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$2,925,000

Est. payment - /mo

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8,276 Sqft Lot

Price Dropped by $25K

16941 Hoskins Huntington Beach, CA 92649

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Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Na

MLS Listing ID OC26128187

HOA Y/N No

Year Built 1973

Lot Size 8,276 Sqft

Property Sub-Type Apartment

Property Description

Prime Huntington Beach 5-Unit Investment Opportunity. Exceptional, low-maintenance five-unit asset located in a highly desirable Huntington Beach neighborhood, offering strong value-add potential with extensive recent capital expenditures. The property features four identical two-bedroom, two-bathroom units with mirrored floor plans, including a unique ground-level unit (Unit 2) boasting a private wrap-around patio. These four units utilize a shared community laundry room. Units 1 and 2 have just been turned over with fresh paint, new carpet, and new shower doors, and are successfully stabilized on new one-year leases. Immediate upside is available as Unit 4 is vacating at the end of June, providing an ideal opportunity to renovate and capture market rent. The fifth unit (Unit 3) is a premium owner's suite consisting of a one-bedroom layout with a private staircase/entrance, in-closet laundry, a half-bath, a full bath, and an additional standalone shower. The asset includes a total of nine assigned parking spaces, configured as six covered carports and three open spaces, with one carport dedicated to Unit 3 and the other Units are all assigned with two parkings spaces. Investors will benefit from minimal near-term CapEx due to significant recent infrastructure upgrades. Recent IMPROVEMENTS include NEW FURNACES for Units 1, 2, 4, and 5 (January 2026), full building TERMITE REPAIRS and FUMIGATION (May 2026), and fully compliant SB721 BALCONY and WALKWAY RE-COATINGS. Additionally, NEW SIEMENS ELECTRICAL SUB-PANELS were installed for all units alongside a NEW FLAT ROOF CARRYING A 10 YEAR WARRANTY (July 2024). This is a rare, turn-key coastal opportunity perfect for a seasoned investor or an owner-user looking for a premium private unit with strong supporting rental income.

Location

State CA

County Orange

Area 17 - Northwest Huntington Beach

Interior

Interior Features Balcony, Ceiling Fan(s)

Heating Central, Fireplace(s)

Cooling None

Flooring Carpet, Laminate

Fireplaces Type Gas, Living Room

Fireplace Yes

Appliance Dishwasher, Electric Range, Microwave, Refrigerator

Laundry Common Area, Laundry Closet

Exterior

Parking Features Assigned, Carport

Carport Spaces 6

Pool None

Community Features Park

Roof Type Flat

Total Parking Spaces 9

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Entry Level Two

Sewer Sewer Tap Paid

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 17826113

Energy Description 1920.0

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Trust

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Listed by Brandon Mungai The Brand Haus Inc. 714-454-3930, DRE #01885093

NEARBY SCHOOL & BUSINESS

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