16562 Goldenwest St new Save Request In-Person Tour Request Virtual Tour
Huntington Beach,CA 92647
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,442 sqft
Price per Sqft $427
MLS Listing ID 24-464845
Bedrooms 9
Year Built 1969
Lot Size 7,405 Sqft
Acres 0.17
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.
Location
State CA
County Orange
Area Northwest Huntington Beach
Rooms
Other Rooms None
Interior
Heating Wall
Cooling None
Equipment Other
Exterior
Parking Features Garage - 2 Car, Assigned
Garage Spaces 7.0
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard