16612 Jib Circle, Huntington Beach, CA 92649

$1,995,000
4,602
SqFt
List Price
$1,995,000
Status
ACTIVE
MLS#
PW20212132
Year Built
1977
Living Sq. Ft
4,602
Lot Size
7,841
Acres
0.18
Lot Location
Rectangular Lot
Days on Market
19
Property Type
Multifamily
Stories
Two Levels
Builders Tract Code
n/a
Neighborhood
Other (Othr)

Property Description

16612 Jib Circle in Huntington Beach is a highly desirable fourplex offered at a cap rate that is well-above comparable sales at four percent. This very well-maintained asset is ideally located on a cul-de-sac conveniently near retail, schools, Sunset Beach, Bolsa Chica State Beach, the Bolsa Chica Wetlands, Huntington Harbour, and within easy walking distance of a park. Tenants also enjoy being within a quick 15-minute drive of the Huntington Beach Pier and Main Street, and even closer to Central Park and the 405, 22, and 605 freeways. 16612 Jib Circle is a 1977 construction consisting of two buildings that offer a total of one one-bed/one-bath unit, two two-bed/two-and-one-half-bath townhomes, and one three-bed/two-and-one-half-bath townhome. The townhomes all feature private yards/patios, and all units have central air conditioning, in-unit laundry, and separate gas and electric meters. Each unit also has a private single-car garage, and two additional surface parking spaces are available. Recent upgrades to the property include unit interior upgrades, and the roof was replaced in 2016. This offering presents an excellent opportunity to acquire an asset at an above-average cap rate with 10 percent rental upside in a sought-after coastal market.

Additional Information

Tract Number
9404
Lot Description
Suburban
Pool Description
None
Heat
Central
Garage Spaces Total
4
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
4
Gross Scheduled Income
$111,900
Operating Expense
28750
Unit One Total Units
1
Unit One Beds
3
Unit One Baths
3
Unit One Actual Rent
2800.00
Unit One Total Rent
2800.00
Unit One Pro Forma
2995
Unit One Furnished
Unfurnished
Unit Two Total Units
2
Unit Two Beds
2
Unit Two Baths
3
Unit Two Actual Rent
2413.00
Unit Two Total Rent
4825.00
Unit Two Pro Forma
2695
Unit Two Furnished
Unfurnished
Unit Three Total Units
1
Unit Three Beds
1
Unit Three Baths
1
Unit Three Actual Rent
1700.00
Unit Three Total Rent
1700.00
Unit Three Pro Forma
1900
Unit Three Furnished
Unfurnished

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Steven Bogoyevac from Steven M. Bogoyevac, Broker

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.