NOT LISTED FOR SALE

16822 Lynn Ln Huntington Beach, CA 92649

7 Beds
6 Baths
4,335 Sq Ft
8,276 Sq Ft Lot

Last Sold November 25, 2013

Last sale price $1,250,000 $288 Per Sq Ft

8 Days on Market

About This Home

As of November 2013

16822 Lynn Lane is a five unit multi-family investment property in the city of Huntington Beach. Huntington Beach (aka HB) is known for its long 8.5-mile stretch of sandy beach, mild climate, excellent surfing and beach culture. Built in 1975, the subject property possesses four units, including one three bedroom / two and a half bathroom, one two-bedroom / two-bathroom, two one-bedroom / one-bathroom and one non-conforming
studio / one-bathroom. The non-conforming studio unit rents for $1,025 per month. In addition, one of the extra garages is rented out for $150 per month.
The property is conveniently located three blocks from Huntington Harbour Mall, which is home to many fine retailers, restaurants and services. The property is situated approximately 1.5 miles from the beach and Pacific Coast Highway, a major thoroughfare connecting all beach cities. Additionally, the property is surrounded by all of Huntington's finest attractions including Huntington Harbour and Downtown. Downtown Huntington Beach features the absolute best in shopping, dining, lodging, services, activities, nightlife and events.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 10/07/2013

Co-Listed By

Kurt Hediger

Marcus & Millichap RE Invest License #01846649

Last Buyer's Agent

Mark Raidy

Raidy Realty License #00695168

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 8,276 Sq Ft Lot
  • 1 Common Wall

Parking

  • 6 Car Garage

Home Design

  • 4,335 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Additional Features

  • Exterior Lighting
  • Suburban Location
  • Conventional Septic

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 349
  • Assessor Parcel Number 17823122

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,708
  • Insurance Expense $1,000
  • Maintenance Expense $2,522
  • Other Expense $2,000
  • Trash Expense $1,250
  • Water Sewer Expense $1,350
  • New Taxes Expense $13,140
  • Gross Income $6,613
  • Net Operating Income $50,816

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0

Parking

6

Listing Details

  • Price Per Unit: 250000
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 1350.00
  • Property Type: Residential Income
  • Parcel Number: 17823122
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 288.35

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 8.00

Utilities

  • Sewer: Conventional Septic
  • Trash Expense: 1250.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Storm Drains, Suburban

Lot Info

  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900

Multi Family

  • Electric Expense: 2708.00
  • Gross Income: 6613.00
  • Gross Scheduled Income: 79360.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 8276.0000 Square Feet
  • Maintenance Expense: 2522.00
  • Net Operating Income: 50816.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 26170.00
  • Other Expense: 2000.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 13140.00
  • Tax Lot: 7
  • Tax Tract Number: 349
  • Tax Year: 2013

Range of Values:

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List Price
Sold Price
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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
11/25/2013 11/25/13 Sold $1,250,000 0.0% $288 / Sq Ft
10/08/2013 10/08/13 Pending -- -- --
09/30/2013 09/30/13 For Sale $1,250,000 -- $288 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tyler Leeson

    Seller's Agent in 2013

    Tyler Leeson

    Marcus & Millichap RE Invest

    (949) 419-3200

    143 Total Sales

    Tyler Leeson
    Section Image

  • K

    Seller Co-Listing Agent in 2013

    Kurt Hediger

    Marcus & Millichap RE Invest

    Section Image
  • Mark Raidy

    Buyer's Agent in 2013

    Mark Raidy

    Raidy Realty

    (714) 478-6851

    32 Total Sales

    Mark Raidy
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC13199043

California Regional Multiple Listing Service (CRMLS)

APN: 178-231-22

California Orange County Huntington Beach 92649

16822 Lynn Ln, Huntington Beach, CA

This home is located at 16822 Lynn Ln, Huntington Beach, CA 92649 since 07 October 2013. This property was built in 1976. 16822 Lynn Ln is a home located in Orange County with nearby schools including Harbour View Elementary School, Marine View Middle, and Marina High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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