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5581 Reno Circle, Huntington Beach, CA 92649
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5581 Reno Circle Huntington Beach, CA 92649

$2,100,000 Sold Price as of 03/29/2022
  • 9 Beds
  • 7 Baths
  • 4,354 Sq.Ft.
Sold
$2,100,000 Sold Price as of 03/29/2022 Refinance Your Mortgage
Map preview of 5581 Reno Circle, Huntington Beach, CA 92649

Property Overview: 5581 Reno Circle Huntington Beach, CA has 9 bedrooms, 7 bathrooms, 4,354 living square feet and 9,583 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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!

Listed by Martin Le | BRE #02079519 | NextGen Team Realty
Co-listed by Chau Ninh | BRE #02114857 | NextGen Team Realty
Last checked: 3 minutes ago | Last updated: March 30th, 2022 | Source CRMLS | DOM: 162

Home details

Lot Sq. Ft
9,583
HOA Dues
$0/mo
Year built
1972
Garage
5 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC21214450
City
Huntington Beach
County
Orange
Time on Site
954 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,447
  • Total Rent: $29,370
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,035
  • Total Rent: $24,420
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,928
  • Total Rent: $23,100
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,622
  • Total Rent: $19,470
  • Pro Forma/Market Rent: $1,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $87,600
  • Net Operating Income: $59,811
  • Gross Operating Income: --
  • # of Rented Garages: 0
  • Garage Rental Income: $0
  • Laundry Income: $0
Annual Expense Breakdown
  • Total Operating Expense: $25,289
  • Trash: $2,060
  • Gardener: $2,400
  • Insurance: $1,961
  • Water/Sewer: $1,868
  • Other Expenses: $19,500
  • Other Expense Description: TAX

Property Details for 5581 Reno Circle

Interior Features
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • In Garage, Washer Hookup
Room Information
  • Flooring: Carpet
Interior Features
  • Levels: Two
  • Window Features: Screens
Exterior Features
Exterior Information
  • Roof: Asphalt
  • Has Fence
  • Wood
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Assigned, Driveway, Garage, Garage Faces Rear
Lot Information
  • Lot Features: 2-5 Units/Acre, Cul-De-Sac, Landscaped
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 14544105
  • Year Built Source: Assessor
  • Foundation Details: Slab
  • 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 Available, Electricity Available, Phone Available, Sewer Available, Water Available
Location / Neighborhood
Location Information
  • Directions: South on Bolsa Chica to McFadden, to Graham, to Cross to Reno
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Huntington Beach Agent

Sale History for 5581 Reno Circle

Last sold for $2,100,000 on March 29th, 2022

  • March, 2022

  • Mar 30, 2022

    Date

    Sold

    CRMLS: OC21214450

    $2,100,000

    Price

  • September, 2021

  • Sep 21, 2021

    Date

    Hold

    CRMLS: OC21139135

    $2,400,000

    Price

  • Jul 24, 2021

    Date

    Price Change

    CRMLS: OC21139135

    $2,400,000

    Price

  • Jun 28, 2021

    Date

    Active

    CRMLS: OC21139135

    $2,499,900

    Price

  • Listing provided courtesy of CRMLS

  • February, 2021

  • Feb 8, 2021

    Date

    Sold (Public Records)

    Public Records

    $1,510,000

    Price

  • May, 2017

  • May 15, 2017

    Date

    Sold (Public Records)

    Public Records

    $519,000

    Price

Show More

Tax History for 5581 Reno Circle

Assessed Value (2020): $1,602,424
Year Land Value Improved Value Assessed Value
2020 $1,401,934 $200,490 $1,602,424

Home Value Compared to the Market

This property vs the competition

5581 Reno Circle sold on March 29, 2022 for 77.43% 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 $525.7 per/sqft which puts the price per square foot 29.72% lower than the current median sale per square foot for the city of Huntington Beach.

About 5581 Reno Circle

Detailed summary of property

5581 Reno Circle is a multi family that recently sold in Huntington Beach, CA 92649. This multi family property offered 9 bedrooms, 7 bathrooms, roughly 4,354 living square feet, and sits on an approximately 9,583 square foot lot. 5581 Reno Circle was first listed on ArdentRealEstateGroup.com on September 27, 2021. The homeowner sold the property for $2,100,000. 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 77.43% higher than the current median priced home. Local homes that are currently for sale include 102 La Verne Ave, 16426 San Jacinto Street and 179 Saint Joseph Ave. While the average home in Huntington Beach, CA is selling in 55 days, 5581 Reno Circle has a days on market of 162 days. There are currently 309 homes for sale in the Huntington Beach real estate market and 204 of them are single family homes while 75 of them are condos and 30 are townhomes. For more information on this home for sale at 5581 Reno 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 5581 Reno Circle

Public county record property details
Beds
--
Baths
--
Year built
1972
Sq. Ft.
4,354
Lot Size
10,357
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
5
APN
145-441-05

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.
$805
Median Sold Price
$1,415,000
Median Sold Price/Sq.Ft.
$771
Total Inventory
79
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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