First Team Real Estate Logo

Huntington Beach, CA 92649 16861 Green Lane

$3,100,000

16861 Green Lane Huntington Beach, Ca - Image 116861 Green Lane Huntington Beach, Ca - Image 216861 Green Lane Huntington Beach, Ca - Image 3
20 more
16861 Green Lane Huntington Beach, Ca - Image 416861 Green Lane Huntington Beach, Ca - Image 516861 Green Lane Huntington Beach, Ca - Image 616861 Green Lane Huntington Beach, Ca - Image 716861 Green Lane Huntington Beach, Ca - Image 816861 Green Lane Huntington Beach, Ca - Image 916861 Green Lane Huntington Beach, Ca - Image 1016861 Green Lane Huntington Beach, Ca - Image 1116861 Green Lane Huntington Beach, Ca - Image 1216861 Green Lane Huntington Beach, Ca - Image 1316861 Green Lane Huntington Beach, Ca - Image 1416861 Green Lane Huntington Beach, Ca - Image 1516861 Green Lane Huntington Beach, Ca - Image 1616861 Green Lane Huntington Beach, Ca - Image 1716861 Green Lane Huntington Beach, Ca - Image 1816861 Green Lane Huntington Beach, Ca - Image 1916861 Green Lane Huntington Beach, Ca - Image 2016861 Green Lane Huntington Beach, Ca - Image 2116861 Green Lane Huntington Beach, Ca - Image 2216861 Green Lane Huntington Beach, Ca - Image 2316861 Green Lane Huntington Beach, Ca - Image 24
Presented By: Gene Smith with RE/MAX TerraSol; 949-395-7552
  • MLS# OC23214028
  • 11/19/2023
  • Request Tour
  • Request Info
  • BedBeds • 7
  • BathBaths • 7
  • FootageSQFT • 4,606
  • GarageGarage • 6

Home Details

Level up your 1031 exchange and delight your real estate investment portfolio with this super duper clean and well maintained six unit apartment complex which is close to everything that's wonderful and amazing about Huntington Beach. Location, location, location. This opportunity currently boast a 4.31% CAP and there is still an estimated 15-20% upside on rents on the current GSI. The Bolsa Chica Wetlands, Huntington Harbour, Meadowlark Golf Course, the Pacific Ocean, places of worship and countless sumptuous eateries and restaurants are literality all within one mile. Each unit features a private garage, private patio or balcony and a fireplace. Coin laundry is on-site for additional income. All units are on month-to-month leases!
Presented By: Gene Smith with RE/MAX TerraSol; 949-395-7552

Interior Features for 16861 Green Lane

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace FeaturesLivingRoom
Fireplace Y/NYes
FlooringCarpet, Laminate
Heating Y/NYes
Laundry FeaturesCommonArea
Street SuffixLane
Total Stories2

Other Rooms

Entry Level1

General for 16861 Green Lane

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.31
Carport Y/NNo
CityHuntington Beach
Community FeaturesStreetLights, Sidewalks
ContingencyNone
CoolingNone
CountyOrange
Current FinancingNone
Days on Market142
DirectionsNorth of Warner and West of Bolsa Chica
Electric Expense736.0
Entry Location1
Fuel Expense1170.0
Garage Spaces6.0
Garage Y/NYes
Gross Income122609.0
HOA0.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense2870.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, Conventional, Item1031Exchange, OwnerMayCarry
Lot Size Square Feet8276.0
MLS Area17 - Northwest Huntington Beach
MobileHomeRemainsYNNo
Net Operating Income133467.0
New ConstructionNo
Number of Units Leased6
Operating Expense16173.0
Pool FeaturesNone
PossessionNegotiable
Private PoolNo
Property Attached Y/NNo
Property ConditionTurnkey
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameGreen
Tax Lot20
Tenant PaysCableTV, Electricity, Gas
Total Actual Rent10970.0
Total Units6
Trash Expense2072.0
ViewNeighborhood
View Y/NYes
Water Sewer Expense1800.0
Waterfront Y/NNo
Year Built1973
Year Built SourceAssessor

Exterior for 16861 Green Lane

Building Area Total4606.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCornerLot
Lot Size Acres0.19
Lot Size Area8276.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters7
Number of Separate Gas Meters6
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking6.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $3,100,000
MLS#OC23214028
List Date 11/19/2023
Property Type Multi-Family
Phone 714.964.3311
Request Tour
Request Info
Visit My Website

Similar Properties to 16861 Green Lane

Ask A Question

CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors