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$ 2,425,000
Est. payment | /mo
9 Beds
7 Baths
6,970 Sqft Lot
$ 2,425,000
Est. payment | /mo
9 Beds
7 Baths
6,970 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26217784
Bedrooms 9
Lot Size 6,970 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
5561 Reno Circle presents an opportunity to acquire a well-located four-unit apartment property in desirable North Huntington Beach. Situated on a quiet cul-de-sac near Marina High School, the property offers strong existing income together with meaningful long-term rental upside. The approximately 4,273-square-foot property was built in 1972 and features an attractive unit mix consisting of one 3-bedroom/2-bath unit, two 2-bedroom/2-bath units, and one 2-bedroom/1-bath unit. Current scheduled rents total approximately $9,735 per month. Three of the four units are rented below current market levels and are occupied on month-to-month tenancies, providing an opportunity for future income growth for the new owner. The property has benefited from substantial interior improvements, with all units remodeled except the 3-bedroom unit. Improvements include granite countertops, newer cabinetry, and other interior upgrades. One of the 2-bedroom/2-bath units features a permitted open-floor-plan configuration approved by the City. Located in an established Huntington Beach rental neighborhood, the property offers convenient access to schools, shopping, employment centers, major transportation routes, Huntington Harbour, Bolsa Chica, and the beach. Expenses are estimated; actual operating expenses will be provided upon an accepted offer.
Location
State CA
County Orange
Zoning Public Rec
Direction 405, Exit Bolsa West, L on Graham, L on Taft, L on Cross, Cross becomes Reno.
Interior
Heating Forced Air Unit
Fireplace No
Exterior
Utilities Available Sewer Connected
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 14544107
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Michael Lembeck, DRE#01019397 Citivest Realty Services, Inc
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