$2,675,000

16805 Roosevelt Ln Huntington Beach, CA 92649

Estimated payment $17,250/month

Total Views 1,446
10 Beds
8 Baths
5,208 Sq Ft
$514 Price per Sq Ft

Highlights

  • Balcony
  • Enclosed Patio or Porch
  • 4 Car Attached Garage
  • Village View Elementary School Rated A-

About This Home

We are pleased to offer the opportunity to acquire 16805 Roosevelt Lane, a spacious and well-maintained four-unit apartment building located on a quiet cul-de-sac in a desirable Huntington Beach neighborhood. Built in 1988, this pride-of-ownership property offers an exceptional unit mix of two (2) three-bedroom, two-bathroom + loft units and two (2) two-bedroom, two-bathroom units - averaging over 1,300 square feet - with ample on-site parking, including four (4) single-car garages and four (4) designated surface spaces. Each unit features generous layouts with private patios or balconies, fireplaces, vaulted ceilings (in 3-bedroom units), abundant natural light, and washer/dryer hookups, creating an appealing and comfortable living environment for tenants. The property is individually metered for gas and electricity, with tenants responsible for their own utilities, limiting landlord expenses to water, sewer, trash, and common area electricity. In the last five years, three units have been renovated with updated kitchens, bathrooms, and flooring, while recent capital improvements include new electrical subpanels and individual water heaters installed within the past year. This rare opportunity allows an investor to secure immediate cash flow while benefiting from future upside and predictable rent growth under California's AB-1482 rent control (5% + CPI). Located near Bolsa Chica Street and Pearce Drive, the property enjoys proximity to shopping centers, restaurants, grocery stores, and entertainment.

Listing Agent

Kyle Mirrafati

Matthews Real Estate Investment Services License #01911204 Listed on: 08/06/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 9,007 Sq Ft Lot

Parking

  • 4 Car Attached Garage
  • 4 Open Parking Spaces
  • Assigned Parking

Home Design

  • Split Level Home

Interior Spaces

  • 5,208 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry in unit
  • Stacked Washer and Dryer Hookup

Outdoor Features

  • Balcony
  • Enclosed Patio or Porch

Community Details

  • 4 Units
  • Low-Rise Condominium

Listing and Financial Details

  • Assessor Parcel Number 146-601-38

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Style: Low Rise
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 5208
  • Lot Acreage: 0.2167
  • Stories: 3
  • Year Built: 1988
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Laundry: In Unit
  • Total Bathrooms: 8.00
  • Equipment: Stackable W/D Hookup
  • Price Per S Q F T: 513.63

Exterior Features

  • Other Features: Balcony
  • Other Structures: None
  • Patio: Enclosed

Garage/Parking

  • Garage Spaces: 4
  • Other Spaces: 4
  • Parking Garage: Assigned, Attached
  • Total Parking: 8

Utilities

  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 76.03
  • Assessed Improvement Value: 551015
  • Assessed Land Percent: 23.97
  • Assessed Land Value: 173751
  • Total Assessed Value: 724766
  • Assessor Parcel Number: 146-601-38
  • Lot Size Area: 9007

Rental Info

  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 17.38
  • Number Of Units: 4
  • Total Annual Expense: 44638
  • Type Of Units: Low Rise
  • Vacancy Rate: 0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2025 08/06/25 For Sale $2,675,000 -- $514 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 25574891

The MLS

APN: 146-601-38