17431 KOLEDO LANE, HUNTINGTON BEACH CA 92647
- 4,734 sq.ft.
- 10,472 sq.ft. lot
Property Description
We are pleased to offer the opportunity to acquire 17431 Koledo Lane, a five-unit value-add apartment building located on a quiet cul-de-sac within a designated Opportunity Zone in Huntington Beach, CA. Built in 1964, this well-maintained property offers a desirable unit mix of five (5) two-bedroom, two-bathroom units with ample parking, including five (5) single-car garages and two (2) surface parking spaces, along with additional community and street parking. Each unit features updated interiors (renovated in 2010 with new flooring, kitchens, and bathrooms), spacious layouts with balconies, abundant natural light, and access to an on-site laundry facility. Each unit is individually metered, with tenants responsible for their own gas and electricity, helping to keep landlord operating expenses low. The owner is only responsible for water and a small HOA fee, which covers trash and landscaping simplifying management while contributing to a comfortable living environment for tenants. With this rare buying opportunity, an investor will have the ability to capture over 15% rental upside by renovating units and leveraging the long-term fundamentals driving demand in the Huntington Beach multifamily market.
Listing Courtesy of Kamfar Kyle Mirrafati, Matthews Real Estate Investment Services
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