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16672 Algonquin St
Huntington Beach, CA 92649
Four Units in Huntington Harbour · Multifamily Property For Sale
·
4 Units
Investment Highlights
- Very Clean Four Units in Huntington Harbour
- Excellent Unit Mix: (2) 3 BD, (1) 2 BD, and (1) 1 BD
- New Roof, Plumbing, Windows and more
- 0.50 Miles to the Water
- 6 Single-Car Garages + 1 Tandem Open Space
- Potential for 25%+/- Upside in Income with ADU Potential
Executive Summary
Location, Location, Location! This clean 4-unit property is ideally located in Huntington Harbour, just 0.50 miles from the water. The property features an excellent unit mix consisting of (1) 3 bedroom / 2.5 bath, (1) 3 bedroom / 2 bath, (1) 2 bedroom / 2 bath, and (1) 1 bedroom / 1 bath unit. Parking is exceptional with 6 single-car garages plus 1 tandem open parking space. The asset has benefited from numerous improvements, including a newer roof, plumbing, windows, sliders, and more. Additionally, the average household income in the area is approximately $165,000+. With approximately 25% upside in income and additional ADU potential, this property offers an excellent value-add investment opportunity in one of Huntington Beach’s most desirable coastal locations.
Property Facts
| Price Per Unit | $808,996 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 4% | Building Size | 7,022 SF |
| Gross Rent Multiplier | 16.88 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1976 |
| Property Subtype | Apartment | Parking Ratio | 1.14/1,000 SF |
| Price Per Unit | $808,996 CAD |
| Sale Type | Investment |
| Cap Rate | 4% |
| Gross Rent Multiplier | 16.88 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 7,022 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1976 |
| Parking Ratio | 1.14/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 1 | $5,108 CAD | 1,350 |
| 3+2 | 1 | $5,466 CAD | 1,300 |
| 2+2 | 1 | $3,688 CAD | 975 |
| 1+1 | 1 | $3,090 CAD | 602 |
Property Taxes
| Parcel Number | 178-181-02 | Improvements Assessment | $304,597 CAD |
| Land Assessment | $521,431 CAD | Total Assessment | $826,028 CAD |
Property Taxes
Parcel Number
178-181-02
Land Assessment
$521,431 CAD
Improvements Assessment
$304,597 CAD
Total Assessment
$826,028 CAD
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