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16752 Bardon Ln 4 Unit Apartment Building $2,295,000 ($573,750/Unit) 4.91% Cap Rate Huntington Beach, CA 92647
Investment Highlights
- 4-unit Covington-style multifamily in prime Huntington Beach location.
- ±3,900 SF building on a ±0.20-acre lot with spacious floor plans.
- On-site laundry facility provides added convenience and extra income.
- All units upgraded to turn-key condition, minimizing capital expenses.
- Individually metered for gas and electricity; includes garage parking.
- Close to Bella Terra, I-405, Golden West College, and Huntington Beach.
Executive Summary
Foundation Report on file 5-4-26. Seller to give Buyer $50,000 reduction in list price for foundation report. 16752 Bardon Lane, a renovated and well-maintained Covington-style fourplex located in a sought-after residential pocket of Huntington Beach. Constructed in 1972, the asset sits on a ±0.20-acre corner parcel and encompasses approximately ±3,900 square feet of rentable space, with generously sized units averaging nearly ±1,000 square feet. The property offers a practical and appealing unit configuration, consisting of one three-bedroom/two-bath unit, two two-bedroom/two-bath units, and one two-bedroom/one-bath unit.
Each residence has been thoughtfully upgraded, providing a turnkey opportunity for investors seeking stable in-place income with minimal near-term capital requirements. Additional features include four garage spaces for secure tenant parking and storage, individual gas and electricity metering, and an on-site laundry facility that enhances resident convenience while creating supplemental revenue potential.
Positioned along a quiet residential street, the property benefits from proximity to Bella Terra, a wide array of dining and retail options, local parks, and quality schools. Accessibility is further supported by nearby connections to the 405 Freeway and Golden West College, while the Huntington Beach coastline remains just minutes away—reinforcing the asset’s long-term appeal within one of Southern California’s most established coastal rental markets.
Each residence has been thoughtfully upgraded, providing a turnkey opportunity for investors seeking stable in-place income with minimal near-term capital requirements. Additional features include four garage spaces for secure tenant parking and storage, individual gas and electricity metering, and an on-site laundry facility that enhances resident convenience while creating supplemental revenue potential.
Positioned along a quiet residential street, the property benefits from proximity to Bella Terra, a wide array of dining and retail options, local parks, and quality schools. Accessibility is further supported by nearby connections to the 405 Freeway and Golden West College, while the Huntington Beach coastline remains just minutes away—reinforcing the asset’s long-term appeal within one of Southern California’s most established coastal rental markets.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$156,540
|
$40.14
|
| Other Income |
$1,200
|
$0.31
|
| Vacancy Loss |
$4,696
|
$1.20
|
| Effective Gross Income |
$153,044
|
$39.24
|
| Taxes |
$25,047
|
$6.42
|
| Operating Expenses |
$15,389
|
$3.95
|
| Total Expenses |
$40,436
|
$10.37
|
| Net Operating Income |
$112,608
|
$28.87
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $156,540 |
| Annual Per SF | $40.14 |
| Other Income | |
|---|---|
| Annual | $1,200 |
| Annual Per SF | $0.31 |
| Vacancy Loss | |
|---|---|
| Annual | $4,696 |
| Annual Per SF | $1.20 |
| Effective Gross Income | |
|---|---|
| Annual | $153,044 |
| Annual Per SF | $39.24 |
| Taxes | |
|---|---|
| Annual | $25,047 |
| Annual Per SF | $6.42 |
| Operating Expenses | |
|---|---|
| Annual | $15,389 |
| Annual Per SF | $3.95 |
| Total Expenses | |
|---|---|
| Annual | $40,436 |
| Annual Per SF | $10.37 |
| Net Operating Income | |
|---|---|
| Annual | $112,608 |
| Annual Per SF | $28.87 |
Property Facts
| Price | $2,295,000 | Building Class | C |
| Price Per Unit | $573,750 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 3,900 SF |
| Cap Rate | 4.91% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1972/2025 |
| Property Subtype | Apartment | Parking Ratio | 2.05/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | Fourplex - Fourplex | ||
| Price | $2,295,000 |
| Price Per Unit | $573,750 |
| Sale Type | Investment |
| Cap Rate | 4.91% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 3,900 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2025 |
| Parking Ratio | 2.05/1,000 SF |
| Zoning | Fourplex - Fourplex |
Amenities
- Smoke Detector
Unit Amenities
- Balcony
- Cable Ready
- Disposal
- Heating
- Ceiling Fans
- Kitchen
- Oven
- Stainless Steel Appliances
- Range
- Double Pane Windows
- Lawn
- Vinyl Flooring
- Quartz Countertops
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $4,000 | 1,200 |
| 2+2 | 2 | $3,200 | 1,000 |
| 2+1 | 1 | $2,645 | 700 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
20/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 142-231-46 | Total Assessment | $1,659,438 |
| Land Assessment | $1,476,493 | Annual Taxes | $25,047 ($6.42/SF) |
| Improvements Assessment | $182,945 | Tax Year | 2025 |
Property Taxes
Parcel Number
142-231-46
Land Assessment
$1,476,493
Improvements Assessment
$182,945
Total Assessment
$1,659,438
Annual Taxes
$25,047 ($6.42/SF)
Tax Year
2025
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16752 Bardon Ln
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