NOT LISTED FOR SALE

16882 Lynn Ln Huntington Beach, CA 92649

1 Bed
1 Bath
4,031 Sq Ft
8,276 Sq Ft Lot

Last Sold June 08, 2023

Last sale price $2,750,000 $682 Per Sq Ft

170 Days on Market

Highlights

  • Laundry Room
  • Level Lot
  • 4-minute walk to Wieder Park
  • Harbour View Elementary School Rated A-

About This Home

As of June 2023

*The Huntington Harbour Portfolio can be purchased individually or as a portfolio.* The Huntington Harbour Portfolio is a 2-property, 12+1 unit multifamily investment opportunity located in Huntington Beach, CA. Encompassing a combined 0.38 acres of land, the Huntington Harbour Portfolio offers an excellent unit mix consisting of one and two-bedroom floor plans. Additionally, the portfolio includes amenities such as garage, surface, and tuck-under parking, private balconies and patios, and on-site laundry. The Huntington Harbour Portfolio has an excellent north Huntington Beach location, located within blocks of the Huntington Harbour. The portfolio is located moments from the Trader Joe’s anchored Huntington Harbor Mall, providing residents convenient access to everyday needs. The Huntington Harbour Portfolio is located in close proximity to all three levels of schooling including Harbour View Elementary School, Marine View Middle School, and Marina High School. The portfolio is ideally positioned just over 1 mile from Bolsa Chica State Beach, a state maintained beach that spans across 3 uninterrupted miles, placing residents moments from a multitude of outdoor activities. Additionally, the portfolio is just over 1 mile from Pacific Coast Highway, providing residents with convenient access to a variety of attractions, cities, and employment hubs throughout Orange and Los Angeles Counties.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 11/07/2022

Last Buyer's Agent

Patrick Swanson

Pat Swanson License #01382974

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1974

Lot Details

  • 8,276 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 4 Open Parking Spaces
  • 6 Car Garage

Interior Spaces

  • 4,031 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Listing and Financial Details

  • Legal Lot and Block 15 / I
  • Tax Tract Number 349
  • Assessor Parcel Number 17826102
  • $1,500 per year additional tax assessments

Community Details

Building Details

  • 6 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 6 Separate Water Meters
  • Electric Expense $1,226
  • Fuel Expense $1,226
  • Insurance Expense $2,600
  • Maintenance Expense $3,600
  • Other Expense $5,340
  • Trash Expense $1,226
  • Water Sewer Expense $1,226
  • New Taxes Expense $30,719
  • Operating Expense $47,161
  • Gross Income $137,126
  • Net Operating Income $85,855

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Apartment

Year Built

Built in 1974

Lot Details

0

Parking

6

Listing Details

  • Assessments: Yes
  • Price Per Unit: 465833
  • Property Attached: No
  • Water Sewer Expenses: 1225.50
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 17826102
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 682.21

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1225.50
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 8276.40
  • Lot Size Acres: 0.1900

Multi Family

  • Electric Expense: 1225.50
  • Fuel Expense: 1225.50
  • Gross Income: 137126.00
  • Gross Operating Income: 133016.00
  • Gross Scheduled Income: 137016.00
  • Insurance Expense: 2600.00
  • Lot Size Area: 0.1900 Acres
  • Maintenance Expense: 3600.00
  • Net Operating Income: 85855.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 47161.00
  • Other Expense: 5340.00
  • Other Expense Description: Misc
  • Other Income1: 110.00
  • Other Income Description: Miscellaneous
  • Rent Control: Yes
  • Total Actual Rent: 11418.00
  • Total Expenses: 47161.00
  • Vacancy Allowance: 4110

Tax Info

  • New Taxes Expense: 30719.00
  • Tax Block: I
  • Tax Census Tract: 994.16
  • Tax Lot: 15
  • Tax Tract Number: 349
  • TaxOtherAnnualAssessmentAmount: 1500.00

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
06/08/2023 06/08/23 Sold $2,750,000 -1.6% $682 / Sq Ft
04/26/2023 04/26/23 Pending -- -- --
01/23/2023 01/23/23 Price Changed $2,795,000 -3.5% $693 / Sq Ft
11/07/2022 11/07/22 For Sale $2,895,000 -- $718 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22237304

California Regional Multiple Listing Service (CRMLS)