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17431 Koledo Lane, Huntington Beach, CA, 92647

17431 Koledo Lane
$1,950,000

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Highlights

INVESTMENT HIGHLIGHTS

  • 5 Unit Building, Built in 1964 in Huntington Beach, CA
  • Excellent Unit Mix of All Large 2 Bedroom/2 Bathroom Units
  • Large Lot with Ample On-Site Parking | (5) Single-Car Garages & (2) Rear Surface Spaces with Additional Community Street Parking
  • Recent Capital Improvements Include New Roof, Windows, and Water Heater
  • All Units were Renovated in 2010 with New Flooring, Kitchens, Bathrooms
  • On-Site Laundry Facility for Additional Income and Tenant Convenience | Leased Equipment
  • Value-Add Investment Opportunity with Over 15% Rental Upside Potential
  • Individually Metered for Gas & Electricity | Landlord Pays for Water, Common Gas, and HOA| HOA Fees Covers Trash & Landscaping
  • Well Maintained Pride of Ownership Building with Low Operating Expenses
  • Clean Family-Friendly Cul-De-Sac Street Off Beach Blvd & Slater Ave with High Walkability to Parks, Schools, and Community Resources
  • Surrounded by Shopping Centers, Grocery Stores, Restaurants, and Retail Amenities
  • Located in a Designated Opportunity Zone | Potential Tax Advantages
  • Subject to AB-1482 | California Statewide Rent Control | 5% + CPI Annual Increases Allowed

Location

Agents

Broker of Record

David Harrington

License # 02168060 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245

Key Information

Cap Rate
4.2%
GRM
15
$ per SF
$411
Tot. SF
4,734
$ per unit
$390,000
Units
5
Year Built
1964
Type
Apartments
NOI
$81,815