504 Clay Ave

• Exceptional Opportunity to Acquire an 8-Unit Apartment Building Located in the Desirable Garfield Neighborhood of Huntington Beach, CA
• Seven (7) Units Built in 1984 Plus One (1) Fully Permitted ADU Completed in 2023
• Unique Unit Mix Consisting of: (3) – 1 Bedroom / 1 Bathroom Units, (1) – 2 Bedroom / 1.5 Bathroom Unit, and (4) – 2 Bedroom / 2 Bathroom Units
• Newly Constructed, Fully Permitted Approximately 800 SF ADU Featuring 2 Bedrooms / 2 Bathrooms, Solar Panels, a Private Backyard, In-Unit Washer & Dryer, Separately Metered Electricity, and an Individual Water Heater
• Recent Capital Improvements Include Fresh Exterior Paint, a Brand-New Water Heater Serving the Original Seven Units, and New Perimeter Fencing
• Well-Maintained, Pride of Ownership Property with Strong Curb Appeal, Low Operating Expenses, and a RUBS Program in Place to Help Increase Net Operating Income
• Three (3) Units Have Been Extensively Renovated with Quartz Countertops, Luxury Vinyl Plank Flooring, and Modern Interior Finishes, While the Remaining Units Feature Upgraded Granite Countertops and Laminate Flooring
• Spacious Floor Plans Feature Private Patios or Balconies, Abundant Natural Light, and Individual Garages
• Ample On-Site Parking Including Seven (7) Single-Car Garages, One (1) Tandem Parking Space, and Additional Surface Parking
• Strong In-Place Cash Flow with Approximately 19% Rental Upside Through Continued Rental Growth