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5571 Reno Cir 4 Unit Apartment Building $3,364,615 CAD ($841,154 CAD/Unit) 3.90% Cap Rate Huntington Beach, CA 92649
Investment Highlights
- Individually metered electric and gas.
- Newly renovated units, new roof, majority of windows replaced.
- Garage, dedicated off street parking, patios and laundry hookups for all units.
- Cul-de-sac location with historically high occupancy rate.
Executive Summary
Well maintained, stable investment property. Four units building with a 3/2, 2/2, 2/1 mix. Two units currently at market rates, value add opportunity on the remaining other two units, each of which is on a M2M lease. All units have access to private patios, garage and dedicated off-street parking, and laundry hookups. All units are separately metered for electricity and gas. Recent renovations of the property include a new, permitted, architectural shingle roof (less than 2 years old), wood destroying pest fumigation, kitchen and interior renovations for in Units 3 and 4, dual pane windows in Units 1, 3, and 4. Very strong tenancies, historically low vacancy rate due to cul-de-sac location, property amenities, and proximity to Marina High School. Strong value add and owner occupied opportunity. Current cap rate is 3.9%, with renovations, proforma CAP rate is estimated to be closer to 4.2%.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,364,615 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $841,154 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 3.90% | Building Size | 4,274 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 17.9 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1972 |
| Property Type | Multifamily | Parking Ratio | 2.34/1,000 SF |
| Property Subtype | Apartment |
| Price | $3,364,615 CAD |
| Price Per Unit | $841,154 CAD |
| Sale Type | Investment |
| Cap Rate | 3.90% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 17.9 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,274 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 2.34/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Fireplace
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Stainless Steel Appliances
- Range
- Tub/Shower
- Carpet
- Double Pane Windows
- Patio
- Vinyl Flooring
- Quartz Countertops
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | - | - |
| 2+2 | 2 | - | - |
| 2+1 | 1 | - | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
20/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 145-441-06 | Total Assessment | $1,524,112 CAD |
| Land Assessment | $813,291 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $710,822 CAD | Tax Year | 2026 |
Property Taxes
Parcel Number
145-441-06
Land Assessment
$813,291 CAD
Improvements Assessment
$710,822 CAD
Total Assessment
$1,524,112 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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5571 Reno Cir
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