16861 Green Lane

Huntington Beach, CA 92649

$3,100,000
Price
7
Beds
7
Baths
4,606 Sq. Ft.
$673 / Sq. Ft.
4,606
Sq. Ft.
$673
per Sq. Ft.

Description

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...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!
  1. Listed by Gene Smith • DRE #01965474 • Brokerage DRE #01451217 • RE/MAX TerraSol • 949-395-7552
  2. Listed by Tony Hunthausen • DRE #01315185 • Brokerage DRE #01451217 • RE/MAX TerraSol

Property Details for 16861 Green Lane

View
Neighborhood
Parking Spaces Total
6
Private Pool
No
Cooling Type
N/K
Total Units
6.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
4606

Location

Listing Courtesy of RE/MAX TerraSol, Gene Smith, DRE #01965474; RE/MAX TerraSol, Tony Hunthausen, DRE #01315185
Add your commute
LISTING UPDATED: 04/17/2024 02:08 PM

Property Details for 16861 Green Lane

StatusActive
MLS #OC23214028
Days on Market156
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1973
CountyOrange County

Location

Listing Courtesy of RE/MAX TerraSol, Gene Smith, DRE #01965474; RE/MAX TerraSol, Tony Hunthausen, DRE #01315185
Add your commute

Building Information for 16861 Green Lane

Building/Complex16861 Green LnFloor-Stories2Residences-Pet Policy-Year Built1973Building Size-

Payment Calculator

$17,868 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,918

Property Taxes

$950

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 16861 Green Lane

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $122,609
  • Gross Scheduled Income: $149,640
  • Vacancy Allowance Rate: 0
  • Net Operating Income: $133,467
  • Laundry Income: $720
  • Gross Multiplier: 20.71
  • Cap Rate: 4.31
  • Current Financing: None
Expense Details
  • Operating Expense: $16,173
  • Gardener Expense: $2,150
  • Fuel Expense: $1,170
  • Licenses Expense: $169
  • Pest Control Expense: $469
  • Security Expense: $105
  • Electric Expense: $736
  • Insurance Expense: $2,870
  • Professional Management Expense: $1,925
  • Other Expense: $1,087
  • Trash Expense: $2,072
  • Water Sewer Expense: $1,800
  • Supplies Expense: $57
  • Total Expenses: $16,173
Tax / Assessment Info
  • Tax Block: H
  • Tax Tract Number: 349
  • Tax Census Tract: 994.16
  • CFD/Mello-Roos Fee: $1,500
  • Tax Lot: 20
Community / Development
Community / Development
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: None
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Carpet, Laminate
Exterior Features
  • Entry Location: 1
  • Property Condition: Turnkey
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Corner Lot
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Parking Garage Spaces: 6
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,665
  • Unit Type Total Rent: $2,450
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,095
  • Unit Type Total Rent: $2,095
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,995
  • Unit Type Total Rent: $1,995
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,660
  • Unit Type Total Rent: $1,660
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,660
  • Unit Type Total Rent: $1,660
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,395
  • Unit Type Total Rent: $2,395
  • Unit Type Pro Forma: 2395
  • Unit Type Type: 6
Unit Information
  • Number Of Units Leased: 6
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1

Property History for 16861 Green Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 16861 Green Lane

Taxable ValueLand$414,093Additions$494,725Total$908,818
Tax Record2023$11,400 ($950 / month)
Home Facts
Total Finished SqFt4,606 SqFtAbove Grade Finished SqFt4,606 SqFtStories2Lot Size8,201 SqFtStyleMulti-Family Res (5+ Units)Year Built1973CountyORANGEAPN178-262-17

Schools near 16861 Green Lane

This home is within Ocean View School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Harbour View Elementary School
PublicK to 5

Marine View Middle School
Public6 to 8

Marina High School
Public9 to 12

Coast High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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16861 Green Lane is a multi-family home for sale in Huntington Beach, CA 92649. This property was listed for sale on October 16, 2023 by RE/MAX TerraSol, it's currently listed at $3,100,000. This listing's school districts are Ocean View School District, Huntington Beach Union High School District. Nearby schools include Harbour View Elementary School, Marine View Middle School and Marina High School. 16861 Green Lane is a 7-bed, 7-bath, 4,606 sqft multi-family home built in 1973.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX TerraSol, Gene Smith, DRE #01965474; RE/MAX TerraSol, Tony Hunthausen, DRE #01315185

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.