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16102 Springdale St
Huntington Beach, CA 92649
The Lamplighter · Multifamily Property For Sale
·
126 Units
PROPERTY FACTS
| No. Units | 126 | Building Size | 48,355 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1968/2017 |
| Building Class | B | Parking Ratio | 2.08/1,000 SF |
| Lot Size | 1.80 AC | ||
| Zoning | RMH | ||
| No. Units | 126 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.80 AC |
| Building Size | 48,355 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built/Renovated | 1968/2017 |
| Parking Ratio | 2.08/1,000 SF |
| Zoning | RMH |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Dishwasher
- Microwave
- Ceiling Fans
- Range
- Tub/Shower
- Carpet
- Dining Room
- Double Pane Windows
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Pool
- Grill
- Storage Space
- Bicycle Storage
ABOUT 16102 SPRINGDALE ST , HUNTINGTON BEACH, CA 92649
Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire The Lamplighter, a 63-unit multifamily investment opportunity located in Huntington Beach, California. The Lamplighter represents a unique opportunity to acquire an impeccably maintained multifamily investment property which has never before been on the market. The 48,355 square foot property consists of single, studio, one-, and two-bedroom floor plans and offers amenities including covered and assigned parking, on-site laundry, gated bicycle storage, additional storage, a swimming pool and two charming courtyards. The Huntington Beach rental market is among the strongest performing areas in metro Orange County, with an average occupancy of 98.68 percent (2017) and average yearly effective rent growth of 5.60 percent (from 2014 to 2018), demonstrating the strong demand for rental housing. It is this demand, along with the execution of an interior and exterior renovation plan that should help a new owner see a substantial 27 percent increase in gross rental income. Given the strength of the overall apartment market within the city of Huntington Beach, the property offers an investor the ability to capture quality tenants seeking a great neighborhood with convenient access to a wide variety of activities, transportation and retail amenities. This overall demand for well-located apartments will be a key driver in the continued growth at The Lamplighter.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | $1,070 | 252 - 444 |
| 1+1 | 38 | $1,318 | 635 - 864 |
| 2+1 | 5 | $1,650 | 810 - 927 |
| 2+2 | 17 | $1,542 | 892 - 1,044 |
| Studios | 3 | $1,070 | 252 - 444 |
| 1+1 | 38 | $1,318 | 635 - 864 |
| 2+1 | 5 | $1,650 | 810 - 927 |
| 2+2 | 17 | $1,542 | 892 - 1,044 |
PROPERTY TAXES
| Parcel Number | 146-511-12 | Improvements Assessment | $2,282,174 |
| Land Assessment | $19,685,631 | Total Assessment | $21,967,805 |
PROPERTY TAXES
