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Browse More Listings in Multifamily For Sale, Huntington Beach, CA or California

Multifamily Property For Sale

4 Units Huntington Beach

17142 Emerald Lane, Huntington Beach, CA 92647

Price:
$785,000
No. Units:
4
Building Size:
3,674 SF
Price/Unit:
$196,250
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
5.20%
Occupancy:
100%
No. Stories:
2
Year Built:
1963
Lot Size:
8,129 SF
Find Out More...

Last Verified 10/28/2009 Listing ID 16450471

Highlights

RENTAL UPSIDE
OWNED LAUNDRY MACHINES
ABSENTEE SELLER

VALUE ADD
ACROSS FROM A SCHOOL
CORNER LOT/GARAGES

Description

Marcus & Millichap is pleased to exclusively offer for sale a four-unit apartment property located in the very desirable rental market of Huntington Beach.

Separately metered for both gas and electric, the subject property boasts a unique layout of one single-story and one two-story garden-style building, affording a low-density environment that alleviates the myriad of problems associated with sharing several walls with other tenants. The spacious units feature wall A/C, heating, and kitchen ceiling fans. Garage parking is located in the rear and one on-site laundry room for the convenience of the tenants. In addition, the property has a laundry room with owner-owned machines which will help ensure strong cash flow to a new owner.

Priced attractively at just $785,000 and $213.66 per square foot, the subject property is positioned to generate substantial interest from prospective investors looking for a "bite-size" opportunity, because of the attractive available financing available in today's marketplace.

CLOSE TO SCHOOLS,SHOPS,FREEWAYS,BEACH

Financial Summary

Unit Mix Information

Debt & Equity Information

Actual
Year
2009
Scheduled Gross Income
$60,300
Effective Gross Income
$58,581
Operating Expenses
$18,360
Net Operating Income
$40,221

Description	No. Units	Avg. Mo. Rent
3 BED 2 BATH	1	$1,425
2 BED 1 BATH	2	$1,200
1 BED 1 BATH	1	$950

Map of 17142 Emerald Lane, Huntington Beach, CA 92647 (Orange County)

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Presented by

Marcus & Millichap

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Contact Listing Broker

Tyler Leeson (949) 258-4539

Jonathan mitchell (949) 851-3030

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Created 10/28/2009

Additional Information for 17142 Emerald Lane, Huntington Beach, CA 92647

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - 4 Units Huntington Beach

17142 Emerald Lane, Huntington Beach, CA, 92647