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5561 Reno

Huntington Beach, CA 92649

$2,425,000 $10,223/Mo

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Overview

Bed

Bath

6,970

Sqft(Lot)

Description

5561 Reno Circle presents an opportunity to acquire a well-located four-unit apartment property in desirable North Huntington Beach. Situated on a quiet cul-de-sac near Marina High School, the property offers strong existing income together with meaningful long-term rental upside. The approximately 4,273-square-foot property was built in 1972 and features an attractive unit mix consisting of one 3-bedroom/2-bath unit, two 2-bedroom/2-bath units, and one 2-bedroom/1-bath unit. Current scheduled rents total approximately $9,735 per month. Three of the four units are rented below current market levels and are occupied on month-to-month tenancies, providing an opportunity for future income growth for the new owner. The property has benefited from substantial interior improvements, with all uni ts remodeled except the 3-bedroom unit. Improvements include granite countertops, newer cabinetry, and other interior upgrades. One of the 2-bedroom/2-bath units features a permitted open-floor-plan configuration approved by the City. Located in an established Huntington Beach rental neighborhood, the property offers convenient access to schools, shopping, employment centers, major transportation routes, Huntington Harbour, Bolsa Chica, and the beach. Expenses are estimated; actual operating expenses will be provided upon an accepted offer.

Property Details

Property Type : ResidentialIncome

Price : $2,425,000

AD Id : 91701273

MLS Id : PW26217784

Beds : 9

Lot Size : 6,970 Sq. Ft

Year Built : 1972

Garage : 5

County : Orange

Map

What's Nearby

Nearby Areas

Features

Interior Features

Balcony

Roof: Asphalt, Shingle

Appliances: BuiltInRange, GasCooktop, Disposal, GasOven, GasRange, GasWaterHeater, WaterHeater

Laundry Features: WasherHookup, GasDryerHookup, Inside, LaundryRoom
Heating & Cooling

Has Heating: Yes Heating: ForcedAir, WallFurnace Cooling: None

Building Information

Year Built: 1972

Building Area Total: 4273

Construction Materials: Stucco

Stories: 2

Pool Features: None

Private Pool: No

View: Neighborhood
Exterior Features

Exterior Features: RainGutters

Lot Information

Main Square Feet: 6970 Lot Size Acres: 0.16 Lot Size Source: Assessor Lot Size Square Feet: 6,970 Lot Description: CulDeSac,Lawn,Landscaped,NearPark,SprinklerSystem,StreetLevel

Property Information

Subdivision: Marina High School Source Property Type: ResidentialIncome Property SubType: Quadruplex Levels: Two Property Age: 54

Listing Price Information

Listing Price: $2425000

Cash, CashToNewLoan, Conventional

Tax Information

Parcel Number: 14544107 Tax Lot: 7

Virtual Tour

Virtual Tour (External Link)

Parking Information

Parking Total: 10 Asphalt, DoorMulti, DoorSingle, Driveway, Garage, OffStreet, GarageFacesRear, OneSpace, OnStreet

Garage Information

Has Garage: Yes Garage Space: 5

Utility Information

CableAvailable, ElectricityConnected, NaturalGasConnected, PhoneAvailable, SewerConnected, WaterConnected
Location Information

Direction: 405, Exit Bolsa West, L on Graham, L on Taft, L on Cross, Cross becomes Reno. WaterSource: Public

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