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16861 Green Ln, Huntington Beach, CA 92649
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16861 Green Ln Huntington Beach, CA 92649

$3,100,000
  • 7 Beds
  • 7 Baths
  • 4,606 Sq.Ft.
For Sale
$3,100,000 Get Pre-Qualified
Map preview of 16861 Green Ln, Huntington Beach, CA 92649

Property Overview: 16861 Green Ln Huntington Beach, CA has 7 bedrooms, 7 bathrooms, 4,606 living square feet and 8,276 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Level up your 1031 exchange and delight your real estate investment portfolio with this super duper clean and well maintained six unit apartment complex which is close to everything that's wonderful and amazing about Huntington Beach. Location, location, location. This opportunity currently boast a 4.31% CAP and there is still an estimated 15-20% upside on rents on the current GSI. The Bolsa Chica Wetlands, Huntington Harbour, Meadowlark Golf Course, the Pacific Ocean, places of worship and countless sumptuous eateries and restaurants are literality all within one mile. Each unit features a private garage, private patio or balcony and a fireplace. Coin laundry is on-site for additional income. All units are on month-to-month leases!

Listed by Gene Smith | BRE #01965474 | RE/MAX TerraSol
Co-listed by Tony Hunthausen | BRE #01315185 | RE/MAX TerraSol
Last checked: 3 minutes ago | Last updated: April 18th, 2024 | Source CRMLS | DOM: 153
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Home details

Lot Sq. Ft
8,276
HOA Dues
$0/mo
Year built
1973
Garage
6 Car
Property Type:
Apartment
Status
Active
MLS#
OC23214028
City
Huntington Beach
County
Orange
Time on Site
164 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Leased Units: 6
  • # of Electric Meters: 7
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,665
  • Total Rent: $2,450
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,095
  • Total Rent: $2,095
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,995
  • Total Rent: $1,995
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,660
  • Total Rent: $1,660
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,660
  • Total Rent: $1,660
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,395
  • Total Rent: $2,395
  • Pro Forma/Market Rent: $2,395
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.31%
  • Gross Rent Multiplier: 20.71
  • Gross Scheduled Income: $149,640
  • Net Operating Income: $133,467
  • Gross Operating Income: --
  • Laundry Income: $720
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $16,173
  • Electric: $736
  • Gas/Fuel: $1,170
  • Licenses: $169
  • Trash: $2,072
  • Gardener: $2,150
  • Insurance: $2,870
  • Professional Management: $1,925
  • Water/Sewer: $1,800
  • Other Expenses: $1,087

Open Houses for 16861 Green Ln

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Property Details for 16861 Green Ln

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Carpet, Laminate
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 6
  • Parcel Number: 17826217
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: North of Warner and West of Bolsa Chica
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Huntington Beach Agent

Sale History for 16861 Green Ln

Last sold on November 9th, 2000

  • March, 2024

  • Mar 14, 2024

    Date

    Withdrawn

    CRMLS: OC23192435

    $3,100,000

    Price

  • Oct 16, 2023

    Date

    Active

    CRMLS: OC23192435

    $3,100,000

    Price

  • Listing provided courtesy of CRMLS

    Delight your real estate investment portfolio with this super duper clean and well maintained six unit apartment complex which is close to everything that's wonderful and amazing about Huntington Beach. Location, location, location. The Bolsa Chica Wetlands, Huntington Harbour, Meadowlark Golf Course, the Pacific Ocean, places of worship and countless sumptuous eateries and restaurants are literality all within one mile. Doesn't everyone want a palindromic address? Each unit features a private garage, private patio or balcony and a fireplace. Coin laundry is on-site for additional income. There is approximately a 30% upside on rents. All units are on month-to-month leases!

  • November, 2023

  • Nov 19, 2023

    Date

    Active

    CRMLS: OC23214028

    $3,100,000

    Price

  • November, 2000

  • Nov 9, 2000

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • March, 2000

  • Mar 14, 2000

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 16861 Green Ln

Assessed Value (2020): $864,573
Year Land Value Improved Value Assessed Value
2020 $393,933 $470,640 $864,573

Home Value Compared to the Market

This property vs the competition

16861 Green Ln is listed 129.63% higher than the median list price for the city of Huntington Beach which has a median list price of $1,350,000. The median price per/sqft for Huntington Beach is $775 and this home is listed at $673.04 per/sqft which puts the price per square foot 13.16% lower than the median price per square foot for the city of Huntington Beach.

About 16861 Green Ln

Detailed summary of property

16861 Green Ln is a apartment located in Huntington Beach, CA 92649 and is currently for sale. This apartment offers 7 bedrooms, 7 bathrooms, roughly 4,606 living square feet, and sits on an approximately 8,276 square foot lot. 16861 Green Ln was first listed on ArdentRealEstateGroup.com on November 19, 2023. The homeowner is currently asking $3,100,000. The median priced home in Huntington Beach is $1,350,000 with a median price per square foot of $775. Based on Ardent Real Estate Group's Huntington Beach Market Data, this home is listed 129.63% higher than the median priced home. Local competing homes currently for sale include 219 Prospect Ave, 116 Bennett Ave and 3509 W Del Monte Dr. While the average home in Huntington Beach, CA is selling in 58 days, 16861 Green Ln has a days on market of 153 days. There are currently 293 homes for sale in the Huntington Beach real estate market and 196 of them are single family homes while 66 of them are condos and 31 are townhomes. For more information on this home for sale at 16861 Green Ln 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 16861 Green Ln

Public county record property details
Beds
--
Baths
--
Year built
1973
Sq. Ft.
4,606
Lot Size
8,178
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
20
APN
178-262-17

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
$1,529,000
Median List Price/Sq.Ft.
$853
Median Sold Price
$1,415,000
Median Sold Price/Sq.Ft.
$771
Total Inventory
76
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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