$2,825,000
$150K PRICE DROP

Estimated payment $17,818/month

Total Views 4,537
7 Beds
6 Baths
6,135 Sq Ft
$460 Price per Sq Ft

Highlights

  • Stone Countertops
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Marine View Middle Rated A-
  • Double Pane Windows
  • Laundry Room

About This Home

5.3% CURRENT CAP! We are pleased to present 17422 Keelson Lane, a fully renovated seven-unit multifamily property located in the highly desirable coastal community of Huntington Beach, CA. Built in 1980 and comprehensively updated in 2025, this pride-of-ownership asset offers a premium unit mix and strong in place income in one of Orange County’s strongest rental markets.

The property consists of three 2-bedroom/2-bath units, three 1-bedroom/1-bath units, and one rare 4-bedroom/2.5-bath unit - each with its own washer and dryer, stainless steel appliances, sleek quartz countertops, and stylish wood laminate flooring. The upgraded kitchens feature open-concept layouts perfect for modern living, while spa-like bathrooms include contemporary finishes and luxurious rain showerheads. Select units include private patios or balconies, and all tenants benefit from garage parking and thoughtful design throughout. Individually metered for gas and electricity, the property is situated on a 7,975 square foot lot with 6,130 rentable square feet. Exterior renovations include new dual-pane windows and fresh paint, both of which enhance curb appeal and long-term durability. Ideally positioned just minutes from the beach, Bella Terra, and the 405 Freeway—and directly across from Oak View Elementary—17422 Keelson Lane offers unmatched convenience, walkability, and quality. With its turnkey condition, high-end finishes, and proven tenant demand, this property represents a rare investment opportunity in the heart of Huntington Beach.

Listing Agent

Mark Bridge

Mark Bridge, Broker Brokerage Email: Mark.Bridge@matthews.com License #01316702 Listed on: 06/19/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 7,841 Sq Ft Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Parking

  • 7 Car Garage
  • 5 Open Parking Spaces
  • 1 Carport Space
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Turnkey
  • Frame Construction
  • Stucco

Interior Spaces

  • 6,135 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows

Kitchen

  • Gas Oven
  • Gas Range
  • Range Hood
  • Stone Countertops
  • Disposal

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 165
  • Assessor Parcel Number 16523416
  • $1,602 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Building Details

  • 7 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $216
  • Fuel Expense $2,280
  • Gardener Expense $2,400
  • Insurance Expense $5,600
  • Maintenance Expense $3,500
  • Other Expense $3,603
  • Pest Control $600
  • Professional Management Expense $11,919
  • Trash Expense $4,812
  • Water Sewer Expense $4,740
  • New Taxes Expense $30,938
  • Operating Expense $70,608
  • Gross Income $226,380
  • Net Operating Income $148,981

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Parking

7

Listing Details

  • CapRate: 5.27
  • Price Per Unit: 403571
  • Professional Management Expense: 11919.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Oakview
  • Water Sewer Expenses: 4740.00
  • Property Condition: Turnkey
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 16523416
  • Year Built: 1980
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Stone Counters
  • Stories: 2
  • Entry Location: First
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 460.47
  • Window Features: Double Pane Windows

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 7.00
  • Parking: Yes
  • Parking Features: Assigned, Carport, Concrete, Garage, Uncovered
  • Total Parking Spaces: 13.00
  • Uncovered Spaces: 5.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Oven, Gas Range, Range Hood, Water Heater
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Pest Control Expense: 600.00
  • Sewer: Public Sewer
  • Trash Expense: 4812.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 7840.80
  • Lot Size Acres: 0.1800

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 650 Square Feet
  • Average2 Bed Area: 930 Square Feet
  • Electric Expense: 216.00
  • Fuel Expense: 2280.00
  • Gross Income: 226380.00
  • Gross Multiplier: 12.48
  • Gross Operating Income: 219589.00
  • Gross Scheduled Income: 226380.00
  • Gross Spendable Income: 148981.00
  • Insurance Expense: 5600.00
  • Lot Size Area: 0.1800 Acres
  • Maintenance Expense: 3500.00
  • Net Operating Income: 148981.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Number With Disposal: 7
  • Number With Range: 7
  • Operating Expense: 70608.00
  • Operating Expense Percent: 32.20
  • Other Expense: 3603.00
  • Other Expense Description: Reserves
  • Rent Control: No
  • Total Actual Rent: 238380.00
  • Total Expenses: 70608.00
  • Vacancy Allowance: 6791
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 30938.00
  • Tax Census Tract: 994.02
  • Tax Lot: 4
  • Tax Tract Number: 165
  • TaxOtherAnnualAssessmentAmount: 1602.00

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
08/08/2025 08/08/25 Price Changed $2,825,000 -5.0% $460 / Sq Ft
06/19/2025 06/19/25 For Sale $2,975,000 -- $485 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25137924

California Regional Multiple Listing Service (CRMLS)