NOT LISTED FOR SALE

5581 Reno Cir Huntington Beach, CA 92649

9 Beds
7 Baths
4,354 Sq Ft
9,583 Sq Ft Lot

Last Sold March 29, 2022

Last sale price $2,100,000 $482 Per Sq Ft

162 Days on Market

Highlights

  • No HOA
  • Neighborhood Views
  • Laundry Room
  • Village View Elementary School Rated A-
  • Cul-De-Sac
  • Landscaped

About This Home

As of March 2022

Great 4-plex with steady rental income and full occupancies in the heart of Huntington Beach! Conveniently located by Edinger Ave. and Springdale Ave., it is accessible to the 405 fwy and all the major shopping hubs and restaurants nearby, not to mention award winning schools throughout H.B.! This 4-Plex Unit consists of: Unit #1 - 3 bedroom, 2 bathroom, large kitchen & dining area, fireplace, and patio lower unit with a 2 car garage. Unit #2 - 2 bedroom, 2 bathroom lower unit with a 1 car garage, Unit #3 - 2 bedroom, 2 bathroom upper unit with a 1 car garage, and Unit #4 - 2 bedroom, 1 bathroom unit with a 1 car garage. Upper units each have a balcony, and lower units have a fenced patio. Each unit has individual laundry hookups located in the garages, and there are separate gas and electrical meters for each unit. The layout of each unit is great, with large bedrooms, and open concept kitchen/dining areas. The property has had complete termite and dry rot wood works done, wood beams replaced, new coats
of paints, brand new landscaping. There is an oversized parking area behind the building, lush and mature landscape, a well maintained building nestled in a great Cul-De-Sac location. Very closely located near Marina High School, Marina Park, shopping and only minutes to Huntington Harbor and Bolsa Chica State Beach! The opportunity to own this hot property is becoming fewer and rarer in this market! PLEASE DO NOT DISTURB TENANTS!

Last Agent to Sell the Property

Martin Le

eXp Realty of Southern California, Inc License #02079519 Listed on: 09/27/2021

eXp Realty of Southern California, Inc

Co-Listed By

Chau Ninh

NextGen Team Realty License #02114857

Last Buyer's Agent

Martin Le

eXp Realty of Southern California, Inc License #02079519 Listed on: 09/27/2021

eXp Realty of Southern California, Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 9,583 Sq Ft Lot
  • Two or More Common Walls
  • Cul-De-Sac
  • Wood Fence
  • Landscaped
  • Density is 2-5 Units/Acre

Parking

  • 5 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Driveway
  • Assigned Parking

Home Design

  • Property Attached
  • Slab Foundation
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 4,354 Sq Ft Home
  • 2-Story Property
  • Window Screens
  • Carpet
  • Neighborhood Views

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer Hookup

Utilities

  • Central Heating
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 5
  • Tax Tract Number 7913
  • Assessor Parcel Number 14544105
  • $19,526 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $2,400
  • Insurance Expense $1,961
  • Other Expense $19,500
  • Trash Expense $2,060
  • Water Sewer Expense $1,868
  • Operating Expense $27,789
  • Gross Income $87,600
  • Net Operating Income $59,811

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Parking

5

Listing Details

  • CapRate: 4.00
  • Price Per Unit: 572222
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 1868.00
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 14544105
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Levels: Two
  • Price Per Square Foot: 482.32
  • Window Features: Screens

Exterior Features

  • Foundation: Slab
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned, Driveway, Garage, Garage Faces Rear
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Central
  • Laundry Features: In Garage, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 2060.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Cul-De-Sac, Landscaped
  • Lot Size Sq Ft: 9583.00
  • Lot Size Acres: 0.2200

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Gross Income: 87600.00
  • Gross Scheduled Income: 87600.00
  • Insurance Expense: 1961.00
  • Lot Size Area: 9583.0000 Square Feet
  • Net Operating Income: 59811.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number Wall A C: 1
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 25289.00
  • Other Expense: 19500.00
  • Other Expense Description: TAX
  • Rent Control: No
  • Total Actual Rent: 87600.00
  • Total Expenses: 27789.00

Tax Info

  • Tax Census Tract: 996.03
  • Tax Lot: 5
  • Tax Tract Number: 7913
  • TaxOtherAnnualAssessmentAmount: 19526.00

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
03/29/2022 03/29/22 Sold $2,100,000 -8.3% $482 / Sq Ft
09/27/2021 09/27/21 For Sale $2,288,888 +51.6% $526 / Sq Ft
02/28/2017 02/28/17 Sold $1,510,000 -8.5% $347 / Sq Ft
01/21/2017 01/21/17 Pending -- -- --
12/04/2016 12/04/16 For Sale $1,650,000 -- $379 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21214450

California Regional Multiple Listing Service (CRMLS)

APN: 145-441-05