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16922 Lynn , Huntington Beach, CA 92649
Priced at Only: $3,150,000
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Address: 16922 Lynn , Huntington Beach, CA 92649
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  • MLS#: OC26022613 ( Apartment )
  • Street Address: 16922 Lynn
  • Viewed: 1
  • Price: $3,150,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1984
  • Bldg sqft: 0
  • Days On Market: 3
  • Additional Information
  • County: ORANGE
  • City: Huntington Beach
  • Zipcode: 92649
  • Provided by: Marcus & Millichap RE Invest
  • Contact: Tyler Tyler
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    16922 Lynn Lane is a 6+1 unit multifamily property located in a highly desirable Huntington Harbour submarket of Huntington Beach, California. The property features a diverse unit mix, including a rare townhouse style layout, and benefits from private outdoor space for every unit along with tuck under parking. The unit mix consists of three 1 bed/1 bath units, two 1 bed/1.5 bath townhouse units, one 2 bed/2 bath unit, and one non conforming 1 bed/1 bath unit. Select top floor units feature vaulted ceilings, while all units include private patios or balconies, enhancing tenant appeal in this coastal oriented market. The 2 bedroom unit has been renovated and showcases upgraded finishes including tile and vinyl flooring, an enhanced kitchen with built in oven/range, range hood, and dishwasher, as well as central air conditioning and in unit laundry, amenities not currently offered in the remaining units. The balance of the units utilize a community laundry facility, presenting a clear value add opportunity through interior upgrades and amenity expansion. Situated just steps from Huntington Harbour, walkable retail, and coastal recreation, 16922 Lynn Lane offers investors the opportunity to acquire a well located asset with strong long term fundamentals and meaningful upside through continued interior renovations in one of Huntington Beachs most sought after residential pockets.
Features
Association Fee
  1. 0.00
Building Area Total
  1. 6144.00
Carport Spaces
  1. 10.00
Commoninterest
  1. Community Apartment
Common Walls
  1. No Common Walls
Country
  1. US
Electric Expense
  1. 1980.00
Entry Location
  1. First level
Fuel Expense
  1. 1980.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 7000.00
Laundry Features
  1. Community
Levels
  1. Three Or More
Lot Features
  1. Level with Street
Netoperatingincome
  1. 121800.00
Newtaxesexpense
  1. 34378.00
Otherincome1
  1. 2848.00
Otherincomedescription
  1. RUBS & Laundry
Parcel Number
  1. 17826105
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 455717421:CRM
Totalexpenses
  1. 63156.00
Trash Expense
  1. 1980.00
Vacancyallowance
  1. 5632
Water Sewer Expense
  1. 1980.00
Water Source
  1. Public
Year Built
  1. 1984
Year Built Source
  1. Assessor
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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