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.
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.