16711 Blanton Lane

    Huntington Beach, CA 92649
    • $2,050,000
    • STATUS: Active Under Contract
    • ON SITE: 43 days
    • ID#: PW19239189
    Under Contract
    UPDATED: 164 min ago
    $2,050,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,124
      SQFT
    • $400
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1977
    County:

    School Ratings & Info

    Description

    A well-located 4-unit investment property in Huntington Beach. Built in 1977, the property offers (2) two-bedroom, one-bathroom units, (1) two-bedroom, two-bathroom unit, and (1) three-bedroom, two-bathroom unit. The building has ample parking and access to an on-site laundry facility. The Blanton Apartments offers investors an opportunity to purchase a coastal investment property with good going in rents and still enough achievable rental upside in a premium rental market.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-22T00:27:59.237. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
    www.twissrealty.com/homes/99750619

    16711 Blanton Lane Huntington Beach, CA 92649

    • Price: $2,050,000
    • Status: Active Under Contract
    • Updated: 164 min ago
    • ID#: PW19239189
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    5,124
    SQFT
    $400
    $/SQFT
    1977
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Orange
    Area:
    699 - Not Defined
    Property Description
    A well-located 4-unit investment property in Huntington Beach. Built in 1977, the property offers (2) two-bedroom, one-bathroom units, (1) two-bedroom, two-bathroom unit, and (1) three-bedroom, two-bathroom unit. The building has ample parking and access to an on-site laundry facility. The Blanton Apartments offers investors an opportunity to purchase a coastal investment property with good going in rents and still enough achievable rental upside in a premium rental market.
    Exterior Features

    Garage Spaces 6.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedGarage Parking Total 9.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Fireplace Features Family Room Fireplace YN Yes Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 3.30 Community Features Sidewalks Country Us Electric Expense 360.00 Elevation Units Feet Fuel Expense 240.00 Gross Income 104940.00 Gross Multiplier 19.53 Gross Operating Income 101804.00 Gross Scheduled Income 104940.00 Insurance Expense 1793.00 Land Lease YN No Laundry YN Yes Net Operating Income 67876.00 New Construction YN No New Taxes Expense 22571.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Operating Expense 33916.00 Operating Expense Percent 32.20 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 33916.00 Trash Expense 0.00 Vacancy Allowance 3148 Vacancy Allowance Rate 3.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Public Records

    Listing provided courtesy of Gary Tolfa of Triqor Group


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-22T00:27:59.237. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
     
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