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16972 Lynn Ln, Huntington Beach, CA 92649
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16972 Lynn Ln Huntington Beach, CA 92649

$2,375,000 Sold Price as of 01/17/2023
  • 8 Beds
  • 7 Baths
  • 4,558 Sq.Ft.
Sold
$2,375,000 Sold Price as of 01/17/2023 Refinance Your Mortgage
Map preview of 16972 Lynn Ln, Huntington Beach, CA 92649

Property Overview: 16972 Lynn Ln Huntington Beach, CA has 8 bedrooms, 7 bathrooms, 4,558 living square feet and 8,276 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Built in 1976, this garden style two story walkup is well-located in a desirable coastal location. The asset has great curb appeal with nice landscaping, including well-maintained trees and other greenery. The property has an good unit mix of one 3 bed / 2 bath and five 1 bed / 1 bath units. Units 1, 3, 4 and 5 have all been renovated with new hardwood floors, new kitchen cabinets, new bathroom tile flooring, and new interior paint. Additional building upgrades include a new roof installed in February 2020, and new windows in Unit 4. The property has ample parking, including six secure single car garages, six assigned on-site spaces, and additional open street parking. The tenants enjoy a clean, on-site community laundry room, and each unit is separately metered for gas and electric. This asset is in a prime Huntington Beach coastal location, just a mile away from the beach. Within 0.25 miles of the asset includes a Trader Joe’s, Bank of America, Chase Bank, and the Huntington Harbor Medical Center. The property is also conveniently located a mile from Huntington Harbor, Bolsa Chica State Beach, Sunset Beach, and Pacific Coast Highway.

Listed by Mark Bridge | BRE #01316702 | Mark Bridge, Broker
Last checked: 15 minutes ago | Last updated: January 18th, 2023 | Source CRMLS | DOM: 37

Home details

Lot Sq. Ft
8,276
HOA Dues
$0/mo
Year built
1976
Garage
6 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC22197300
City
Huntington Beach
County
Orange
Time on Site
602 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: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,600
  • Total Rent: $2,600
  • Pro Forma/Market Rent: $3,595
Unit Breakdown 2
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 5
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $7,600
  • Total Rent: $7,600
  • Pro Forma/Market Rent: $9,975
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $122,400
  • Net Operating Income: $78,321
  • Gross Operating Income: $120,624
  • Vacancy Allowance: $2,448
  • Gross Spendable Income: $78,321
  • Laundry Income: $672
  • Laundry Own/Lease: Lease
  • Other Income 1: $672
Annual Expense Breakdown
  • Total Operating Expense: $42,303
  • Electric: $315
  • Gas/Fuel: $453
  • New Taxes: $30,452
  • Trash: $2,485
  • Gardener: $360
  • Insurance: $2,100
  • Maintenance: $3,000
  • Professional Management: $0
  • Water/Sewer: $1,638
  • Other Expenses: $1,500
  • Other Expense Description: Reserves

Property Details for 16972 Lynn Ln

Interior Features
Laundry Information
  • Has Laundry
  • Community
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: 12
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 6
  • Parcel Number: 17826108
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Bolsa Landmark (BLAN)
  • Directions: E Pacific Coast Hwy, Right on Warner Ave, Left on Lynn Lane
Neighborhood Information
  • Community Features: Biking, Curbs, Gutters, Watersports, Preserve/Public Land, Sidewalks, Suburban
View more facts & features

Local Huntington Beach Agent

Sale History for 16972 Lynn Ln

Last sold for $2,375,000 on January 17th, 2023

  • January, 2023

  • Jan 17, 2023

    Date

    Sold

    CRMLS: OC22197300

    $2,375,000

    Price

  • Sep 26, 2022

    Date

    Active

    CRMLS: OC22197300

    $2,595,000

    Price

  • December, 2015

  • Dec 28, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • July, 2015

  • Jul 23, 2015

    Date

    Sold (Public Records)

    Public Records

    $1,557,500

    Price

Show More

Tax History for 16972 Lynn Ln

Assessed Value (2020): $1,685,562
Year Land Value Improved Value Assessed Value
2020 $1,109,493 $576,069 $1,685,562

Home Value Compared to the Market

This property vs the competition

16972 Lynn Ln sold on January 17, 2023 for 101.16% 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 $569.33 per/sqft which puts the price per square foot 23.89% lower than the current median sale per square foot for the city of Huntington Beach.

About 16972 Lynn Ln

Detailed summary of property

16972 Lynn Ln is a multi family that recently sold in Huntington Beach, CA 92649. This multi family property offered 8 bedrooms, 7 bathrooms, roughly 4,558 living square feet, and sits on an approximately 8,276 square foot lot. 16972 Lynn Ln was first listed on ArdentRealEstateGroup.com on September 26, 2022. The homeowner sold the property for $2,375,000. 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 101.16% higher than the current median priced home. Local homes that are currently for sale include 207 Park Ave, 268 Park Avenue and 219 Prospect Ave. While the average home in Huntington Beach, CA is selling in 55 days, 16972 Lynn Ln has a days on market of 37 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 16972 Lynn 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 16972 Lynn Ln

Public county record property details
Beds
--
Baths
--
Year built
1976
Sq. Ft.
4,558
Lot Size
8,063
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
3
APN
178-261-08

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%)

Thinking of Selling?

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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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