Motivated Seller $100k Price improvement: FOUR-PLEX IN THE HEART OF HUNTINGTON BEACH
Desirable Covington Model – Excellent Investment Opportunity
This well-maintained four-unit property features four beautifully upgraded units with outstanding tenants in place. Ideally located in a prime Huntington Beach neighborhood, this income-producing asset offers strong cash flow and tremendous investor appeal.
Unit Breakdown:
• Unit 1: 3 Bed | 2 Bath – Single-level layout with a convenient private back entrance through the primary bedroom, enclosed side yard with gate access, cozy fireplace, and an additional dedicated parking spot.
• Unit 2: 2 Bed | 2 Bath – Single-level unit featuring a large enclosed patio and a 1-car garage.
• Unit 3: 2 Bed | 1.5 Bath – Two-story layout with an enclosed patio offering direct gate access to the parking lot, plus a 1-car garage and one exterior parking space.
• Unit 4: 2 Bed | 1 Bath – Upstairs carriage unit with a charming front balcony and 1-car garage.
Property Highlights:
• All units have been extensively remodeled with quartz countertops, shaker-style cabinets, new stainless steel appliances, laminate flooring throughout, new windows, recessed lighting, and ceiling fans.
• New heaters installed in all units approximately two years ago.
• Interior and exterior freshly painted two years ago.
• Property professionally tented one year ago.
• Each unit includes its own garage. Additional shared garage space available.
• On-site community laundry room with income-generating machines.
• Convenient mail drop at each front door.
• Beautifully landscaped breezeway.
This turnkey investment offers excellent rental income with reliable tenants, low maintenance, and strong long-term value. Located less than 10 minutes from the beach and with easy access to major freeways, the property is also close to top-rated restaurants, shopping, schools, parks, and public transportation. Goldenwest College is within walking distance and across the street is Murdy Park that has activities all year long.
A fantastic opportunity for investors seeking a high-performing multi-family asset in one of Southern California’s most desirable coastal markets.
Home Style:
Craftsman
Property Sub Type:
Quadruplex
Property Attached:
Yes
Lot Area:
7,841 sq. ft.728 m2
Bathrooms:
-
(Full:-, Half:-)
Year built:
1967
(Age: 59)
General Listing Location:
Huntington Beach, 17 - Northwest Huntington Beach
County Or Parish:
Orange
Tenant Pays:
Cable TV, Electricity, Gas
Common Interest:
None
Gross Income:
$142,800
Gross Scheduled Income:
$142,800
Net Operating Income:
$134,093
Cap Rate %:
6.0
Rent Control:
No
Total Actual Rent:
$11,617
Association Fee:
$0
Land Lease:
No
Cable TV Expense:
$0
Electric Expense:
$1,440
Fuel Expense:
$0
Furniture Replacement Expense:
$0
Gardener expense:
1200.0
Insurance Expense:
$2,515
Operating Expense:
$8,707
Pest control expense:
$0
Pool expense:
$0
Professional Management Expense:
$0
Supplies Expense:
$0
Trash Expense:
$1,392
Water and Sewer Expense:
$2,160
Workmans Compensation Expense:
$0
Tax Lot:
10
Tax Tract:
6391
Cross streets: Goldenwest St. and Warner
Floor
Type
Size
Other
-
Family Room
Measurements not available
-
-
Bedroom
Measurements not available
Bedroom on Main Level
-
Primary Bedroom
Measurements not available
Main Level Primary
-
Living Room
Measurements not available
-
View:
None
Inclusions:
Each unit has a fridge.
Appliances:
Dishwasher, Electric Range, Free-Standing Range, Gas Cooktop, Disposal, Gas Range, Refrigerator
Number of Buildings:
1
# of Electric Meters:
4
# of Gas Meters:
5
# of Water Meters:
1
# Units Leased:
4
Community Features:
Biking, Dog Park, Street Lights, Suburban, Sidewalks, Park
Senior Community:
No
Interior Features:
Built-in Features, Ceiling Fan(s), Quartz Counters, Recessed Lighting, Unfurnished, Bedroom on Main Level, Main Level Primary
Laundry Features:
Common Area, Laundry Room
Door Features:
Sliding Doors
Window Features:
ENERGY STAR Qualified Windows
Pool Features:
None
Private Pool:
No
Spa Features:
None
Lot Features:
Front Yard, Landscaped, Near Park, Street Level
Fireplace Features:
Living Room
Security Features:
Carbon Monoxide Detector(s), Smoke Detector(s)
Association Amenities:
Maintenance Grounds, Trash, Water
Subdivision Name:
Other
Direction Faces:
West
Levels:
Two
Num Stories:
2
Entry Level:
1
Entry Location:
1
Construction Materials:
Stucco
New Constr.:
No
Flooring:
Laminate
Foundation:
Slab
Roof:
Composition
Common Walls:
2+ Common Walls
# Units:
4
Property Condition:
Turnkey
Heating:
Forced Air, Wall Furnace
Fireplace:
Yes
Cooling:
None
Utilities:
Electricity Connected, Water Available
Fencing:
Wood
Water supply:
Public
Sewer:
Public Sewer
Spa:
No
Road Frontage Type:
Alley, City Street
Road Surface Type:
Paved
Garage Spaces:
4
Total Parking Spaces:
4
Parking Features:
Assigned, Door-Multi, Garage
Special Listing Conditions:
Standard
Parcel Number:
14241213
Welcome home!
Centrally located.
Unit 1: Kitchen
Unit 1; kitchen w/ sliding door access to patio.
Unit 1: kitchen dining room.
Unit 1: Kitchen / family room.
Unit 1: Livingroom with stone fireplace.
Unit 1: Family room
Unit 1: Family room, window looks to front yard.
Unit 1: Access to patio.
Unit 1: Bedroom #1
Unit 1: Guest bathroom.
Unit 1: Bedroom #2 Looks out to front yard.
Unit 1: Primary bedroom with private door access.
Unit 1: Primary bedroom w/ cabinets and partial walk in closet.
Unit 1: Primary bathroom, shower only.
Unit 1: Primary shower
Unit 2: Kitchen with granite counters.
Unit 2: Kitchen
Unit 2: Kitchen dining area.
Unit 2: Family room with sliding door access to patio
Unit 2: Hallway and Family room.
Unit 2: Kitchen dining.
Unit 2: Bedroom #1
Unit 2: Guest bathroom.
Unit 2: Primary bedroom.
Unit 2: Primary bedroom closet.
Unit 2: Primary bathroom, shower only.
Unit 2: Primary shower.
Unit 2: Primary bedroom.
Unit 2: Primary bedroom.
Unit 3: Kitchen
Unit 3: Kitchen dining area.
Unit 3: Living room, window looks into courtyard.
Unit 3: Sliding door access from Dining Room.
Unit 3: Guest bathroom downstairs.
Unit 3: Bedroom #1
Unit 3: Bedroom #1
Unit 3: Guest shower upstairs.
Unit 4: Front patio.
Unit 4: Family room.
Unit 4: Living room.
Unit 4: Front door with vintage glass door.
Unit 4: Kitchen
Unit 4: Kitchen, window looks into alley.
Unit 4: Kitchen
Unit 4: Bedroom #2
Unit 4: Bedroom #2 other side.
Unit 2: Upstairs bathroom.
PRIME LOCATION!
GOOD ACCESS TO LOCAL SHOPS, SCHOOLS, FREEWAYS, APPROX. 2 MILES TO BEACHES, AND RESTAURANTS.