New Listing5571 Reno Circle,Huntington Beach, CA 92649
Huntington Beach, CA 92649
Description
STRONG INVESTMENT OPPORTUNITY- Strong Rents, Value Add Opportunity and Owner Occupancy Opportunity. This fourplex in North Huntington Beach is located in the highly desirable Marina High School neighborhood on a secluded cul-de-sac with a local community park and Marina High School less than one block away, ensuring reliable and consistent long term residents. Historical vacancy rate is less than 3% per year. The property includes a comprehensive list of amenities for each unit, including a private patio, garage space with laundry hookups, and additional dedicated off street parking . The unit mix includes a 3 bedroom, and a 2 bedroom unit on the ground floor, and two, 2 bedroom units on the second floor. Landscaping is easily managed, and each unit has its own electricity and gas meter, which ensures low Ownership expenses. Over the last 24 months the current Ownership has made significant investments in capital items, including thorough renovations of the two upstairs units, a new roof with architectural composite shingles, new dual pane windows in Units 1 and 4, and numerous other upkeep items. The two unit renovations included shakar cabinets and quartz countertops in the kitchens, new carpet and fresh paint throughout, and a new bathroom vanity with quartz countertop (in Unit 4 only). Total Owner investment in capital items exceeded $90,000.00 - strong evidence of positive Ownership involvement and a strong foundation for this fantastic opportunity next Owner. Leases include a mix of month to month tenancies, and term leases, each of which expires in April of 2027. The flexible sales timeline and current month to month leases provide a unique opportunity for a future Owner Occupant.
Details
| MLS # | PW26176967 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1972 |
| Days On Site | 6 |
| Listing Provided By | Tinalden Property Services | Alec Paquette |
Features
| SQ Feet | 4,274 |
|---|---|
| Garage | 5 |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 1 |
| Acreage | 0.18 |
| Property View | None |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | Forced Air, Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Balcony, Ceiling Fans, Quartz Counters, Attic |
| Window Features | Double Pane Windows |
| Appliances | Dishwasher, Disposal, Gas Range, Microwave, Range Hood |
| Fireplace Yes / No | Yes |
Exterior
| Exterior Features | Rain Gutters |
|---|---|
| Roof | Composition, Shingle |
| Construction Materials | Drywall, Frame, Stucco |
| Foundation Details | Slab |
| Lot Features | Cul De Sac |
| Fencing | Average Condition |
Parking
| Parking Features | Assigned, Asphalt, Door Multi, Door Single, Garage, Off Street, Garage Faces Rear, Tandem, Uncovered |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Electric | Standard |
| Sewer | Public Sewer |
Location
| Community Features | Gutters, Park, Storm Drains, Street Lights, Suburban, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Orange |
| City | Huntington Beach |
| Zip Code | 92649 |
| Area | 17 Northwest Huntington Beach |
| Community Name | Marina High School |
| Listing VS Median (in Marina High School) | |
Price: $2,425,000 low | high Med: $2,425,000 sqft: 4,274 low | high Med: 4,274 $ / sqft: $567 low | high Med: $567 On site: 6 low | high Med: 6 | |
Market Activity 92649
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Learn More About This Property
| State | CA |
|---|---|
| County | Orange |
| City | Huntington Beach |
| Zip Code | 92649 |
| Area | 17 Northwest Huntington Beach |
| Community Name | Marina High School |
| Listing VS Median (in Marina High School) | |
Price: $2,425,000 low | high Med: $2,425,000 sqft: 4,274 low | high Med: 4,274 $ / sqft: $567 low | high Med: $567 On site: 6 low | high Med: 6 | |