16562 Goldenwest Street
Huntington Beach, CA 92647
4442 sqft | 9 beds | 0.17 acres | #24464845
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.
Interior Details
- Bedrooms9
Property Details
- Stories2
Measurements
- Acres0.17
- Square Feet4442
Parking
- Parking Spaces4
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1969
Community and Neighborhood Details
- CountyOrange
Financial Details
- Original List Price$1,900,000
Other
- MLS #24464845
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Kamfar Kyle Mirrafati (#CLW-C125469)
Listing Office: Matthews Real Estate Investment Services (#CLW-X81530)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
