5561 Reno
Property Description
5561 Reno Circle presents an opportunity to acquire a well-located four-unit apartment property in desirable North Huntington Beach. Situated on a quiet cul-de-sac near Marina High School, the property offers strong existing income together with meaningful long-term rental upside. The approximately 4,273-square-foot property was built in 1972 and features an attractive unit mix consisting of one 3-bedroom/2-bath unit, two 2-bedroom/2-bath units, and one 2-bedroom/1-bath unit. Current scheduled rents total approximately $9,735 per month. Three of the four units are rented below current market levels and are occupied on month-to-month tenancies, providing an opportunity for future income growth for the new owner. The property has benefited from substantial interior improvements, with all units remodeled except the 3-bedroom unit. Improvements include granite countertops, newer cabinetry, and other interior upgrades. One of the 2-bedroom/2-bath units features a permitted open-floor-plan configuration approved by the City. Located in an established Huntington Beach rental neighborhood, the property offers convenient access to schools, shopping, employment centers, major transportation routes, Huntington Harbour, Bolsa Chica, and the beach. Expenses are estimated; actual operating expenses will be provided upon an accepted offer.
Broker Details
Citivest Realty Services, Inc. (800) 819-9347
MLS ID: PWLEMMIC State License Number: 01019397
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $2,425,000 |
| No. of Units: | 4 |
| Year Built: | 1972 |
| Opportunity Zone: | No |
| Price per unit: | $606,250 |
| Number of Bedrooms: | 9 |
| Number of Bathrooms: | 7 |
ID: 3yd-MRMLSCA-PW26217784
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
1029 S Normandie Ave
Los Angeles, California
1029 S Normandie Ave
Los Angeles, California
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout