Mohr Real Estate Group

Mohr Real Estate Group

16562 Goldenwest Street Huntington Beach CA 92647 MLS #24464845

16562 Goldenwest Street
Huntington Beach, CA, 92647
$1,900,000
Beds
0 Baths
SqFt
0.17 Acres
Add
Add
$1,900,000
16562 Goldenwest Street
Huntington Beach, CA, 92647
MLS #24464845 img 0

Property Description


We are pleased to offer the opportunity to acquire 16562 Goldenwest Street, a four-unit Covington-style value add apartment building in the desirable Goldenwest neighborhood of Huntington Beach, CA. Built in 1969, this well-maintained property offers 4,442 rentable SF on a 7,405 SF lot featuring an excellent unit mix of one (1) three-bedroom "owner’s unit" and three (3) two-bedroom units with ample on-site parking including two (2) double-car garages and three (3) surface parking spaces. Each unit features spacious layouts with private patios or balconies, abundant natural light, and wall heaters, providing a comfortable and appealing living experience for tenants. The property is individually metered for gas and electricity, includes brand new water heaters in each unit, and tenants are responsible for their own trash, reducing landlord operating expenses. Additionally, an on-site laundry room offers potential for added revenue, currently not operational and with no lease on the equipment. With this rare buying opportunity, an investor will have the opportunity to capture over 45% rental upside by renovating units and taking advantage of the fundamentals fueling the rental neighborhood of the Huntington Beach community for decades to come.

Property Details

Price:
$1,900,000
MLS #:
24464845
Status:
Active Under Contract
Baths:
0
Address:
16562 Goldenwest Street
Type:
Residential Income
Neighborhood:
17northwesthuntingtonbeach
City:
Huntington Beach
Listed Date:
Nov 21, 2024
State:
CA
ZIP:
92647
Lot Size:
7,405 sqft / 0.17 acres (approx)
Year Built:
1969

Schools

Interior

Cooling
None
Heating
Wall Furnace

Exterior

Garage Spaces
4.00
Parking Features
Garage – Two Door, Assigned
Parking Spots
7.00
Stories Total
2

Financial

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16562 Goldenwest Street
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