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16612 Jib Circle, Huntington Beach, CA 92649
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16612 Jib Circle Huntington Beach, CA 92649

$1,850,000 Sold Price as of 03/01/2021
  • 8 Beds
  • 10 Baths
  • 4,602 Sq.Ft.
Sold
$1,850,000 Sold Price as of 03/01/2021 Refinance Your Mortgage
Map preview of 16612 Jib Circle, Huntington Beach, CA 92649

Property Overview: 16612 Jib Circle Huntington Beach, CA has 8 bedrooms, 10 bathrooms, 4,602 living square feet and 7,841 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 16612 Jib Circle in Huntington Beach is a highly desirable fourplex offered at a cap rate that is well-above comparable sales at four percent. This very well-maintained asset is ideally located on a cul-de-sac conveniently near retail, schools, Sunset Beach, Bolsa Chica State Beach, the Bolsa Chica Wetlands, Huntington Harbour, and within easy walking distance of a park. Tenants also enjoy being within a quick 15-minute drive of the Huntington Beach Pier and Main Street, and even closer to Central Park and the 405, 22, and 605 freeways. 16612 Jib Circle is a 1977 construction consisting of two buildings that offer a total of one one-bed/one-bath unit, two two-bed/two-and-one-half-bath townhomes, and one three-bed/two-and-one-half-bath townhome. The townhomes all feature private yards/patios, and all units have central air conditioning, in-unit laundry, and separate gas and electric meters. Each unit also has a private single-car garage, and two additional surface parking spaces are available. Recent upgrades to the property include unit interior upgrades, and the roof was replaced in 2016. This offering presents an excellent opportunity to acquire an asset at an above-average cap rate with 10 percent rental upside in a sought-after coastal market.

Listed by Steven Bogoyevac | BRE #01332755 | Steven M. Bogoyevac, Broker
Last checked: 5 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 67

Home details

Lot Sq. Ft
7,841
HOA Dues
$0/mo
Year built
1977
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW20212132
City
Huntington Beach
County
Orange
Time on Site
1207 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,800
  • Total Rent: $2,800
  • Pro Forma/Market Rent: $2,995
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,413
  • Total Rent: $4,825
  • Pro Forma/Market Rent: $2,695
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $1,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.89%
  • Gross Rent Multiplier: 17.83
  • Gross Scheduled Income: $111,900
  • Net Operating Income: $77,567
  • Gross Operating Income: --
  • Vacancy Allowance: $3,357
Annual Expense Breakdown
  • Total Operating Expense: $30,976
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 16612 Jib Circle

Interior Features
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 17822206
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: n/a
  • Directions: Between Heil and Warner. Backs up to Bolsa Chica St
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local Huntington Beach Agent

Sale History for 16612 Jib Circle

Last sold for $1,850,000 on March 1st, 2021

  • March, 2021

  • Mar 1, 2021

    Date

    Sold

    CRMLS: PW20212132

    $1,850,000

    Price

  • Jan 29, 2021

    Date

    Pending

    CRMLS: PW20212132

    $1,995,000

    Price

  • Dec 14, 2020

    Date

    Hold

    CRMLS: PW20212132

    $1,995,000

    Price

  • Oct 8, 2020

    Date

    Active

    CRMLS: PW20212132

    $1,995,000

    Price

  • September, 2014

  • Sep 16, 2014

    Date

    Sold (Public Records)

    Public Records

    $1,000,000

    Price

  • August, 2011

  • Aug 12, 2011

    Date

    Sold (Public Records)

    Public Records

    $1,069,500

    Price

Show More

Tax History for 16612 Jib Circle

Assessed Value (2020): $1,450,598
Year Land Value Improved Value Assessed Value
2020 $1,172,741 $277,857 $1,450,598

Home Value Compared to the Market

This property vs the competition

16612 Jib Circle sold on March 1, 2021 for 54.65% higher than the current median sold price for the city of Huntington Beach which is $1,290,000. The median sold price per/sqft for Huntington Beach is $748 and this home is sold at $433.51 per/sqft which puts the price per square foot 42.04% lower than the current median sale per square foot for the city of Huntington Beach.

About 16612 Jib Circle

Detailed summary of property

16612 Jib Circle is a multi family that recently sold in Huntington Beach, CA 92649. This multi family property offered 8 bedrooms, 10 bathrooms, roughly 4,602 living square feet, and sits on an approximately 7,841 square foot lot. 16612 Jib Circle was first listed on ArdentRealEstateGroup.com on January 29, 2021. The homeowner sold the property for $1,850,000. Home in Huntington Beach are selling for a median price of $1,290,000 and a median price per square foot of $748. Based on Ardent Real Estate Group's Huntington Beach Market Data, this home is sold 54.65% higher than the current median priced home. Local homes that are currently for sale include 239 Ximeno Ave, 241 Bennett Ave and 1000 Ximeno Ave. While the average home in Huntington Beach, CA is selling in 55 days, 16612 Jib Circle has a days on market of 67 days. There are currently 317 homes for sale in the Huntington Beach real estate market and 214 of them are single family homes while 71 of them are condos and 32 are townhomes. For more information on this home for sale at 16612 Jib Circle Huntington Beach, CA 92649 contact Ardent Real Estate Group and we will put you in touch with one of our Huntington Beach agents.

Public Facts for 16612 Jib Circle

Public county record property details
Beds
8
Baths
8
Year built
1977
Sq. Ft.
4,602
Lot Size
8,118
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
4
APN
178-222-06

The source for these homes facts are from public records.

92649 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,588,888
Median List Price/Sq.Ft.
$805
Median Sold Price
$1,415,000
Median Sold Price/Sq.Ft.
$771
Total Inventory
80
Median Sale to List Price %
94.33%
Avg Days on Market
33
Loan Type
Conventional (21.88%), FHA (0%), VA (0%), Cash (62.5%), Other (12.5%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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