16672 Algonquin, Huntington Beach, CA 92649
- $2,295,000
- List Price
- $2,295,000
- Status
- COMING SOON
- MLS#
- OC26204991
- Year Built
- 1976
- Lot Size
- 8,712
- Acres
- 0.20
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 24
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Neighborhood
- Other
Property Description
Location, Location, Location! This clean 4-unit property is ideally located in Huntington Harbour, just 0.50 miles from the water. The property features an excellent unit mix consisting of (1) 3 bedroom / 2.5 bath, (1) 3 bedroom / 2 bath, (1) 2 bedroom / 2 bath, and (1) 1 bedroom / 1 bath unit. Parking is exceptional with 6 single-car garages plus 1 tandem open parking space. The asset has benefited from numerous improvements, including a newer roof, plumbing, windows, sliders, and more. Additionally, the average household income in the area is approximately $165,000+. With approximately 25% upside in income and additional ADU potential, this property offers an excellent value-add investment opportunity in one of Huntington Beach’s most desirable coastal locations.
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Additional Information
- Pool Description
- None
- Garage Spaces Total
- 6
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $140,052
- Operating Expense
- 42263
Listing courtesy of Listing Agent: Pat Swanson (pat.swanson@streamrealty.com) from Listing Office: Pat Swanson.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.