Huntington Beach, CA 92647,17431 Koledo LN
Huntington Beach, CA 92647,17431 Koledo LN
Huntington Beach, CA 92647,17431 Koledo LN
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$1,899,000
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10,471 Sqft Lot
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17431 Koledo LN Huntington Beach, CA 92647

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UPDATED:

09/30/2024 06:46 PM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision ,Other

MLS Listing ID OC24158824

Condo Fees $470

HOA Fees $470

HOA Y/N Yes

Year Built 1964

Lot Size 10,471 Sqft

Property Description

HUGE PRICE IMPROVEMENT! Don't miss this incredible opportunity to own a large 5-unit property on a sprawling 10,472 square foot lot in desirable Huntington Beach. This property is brimming with potential and just needs a little TLC to shine. Each unit offers 2 bedrooms and 2 bathrooms, plus a 1-car garage, providing an ideal unit mix for easy rentals.

The property is thoughtfully laid out with a 4-plex setup, featuring two downstairs units and two upstairs units, while the 5th unit is situated above the garages on the far side of the property. These spacious 2 bedroom, 2 bathroom units are highly sought-after, making them a breeze to rent out. Currently, all rents are well below market value, presenting a fantastic opportunity for increased rental income.

Additionally, there is a shared laundry room adjacent to the row of garages, equipped with coin-operated machines that generate extra income for the owner. Each unit includes one garage parking space, as well as one assigned parking space in the parking lot, ensuring ample parking for tenants.

Located in a prime area, this property offers easy access to top-rated schools, shopping centers, freeways, airports, and stunning beaches. This is the investment deal you've been waiting for – an exceptional property in a fantastic location with tremendous potential for rental income growth.

Act fast, as this gem won't last long!

Location

State CA

County Orange

Area 17 - Northwest Huntington Beach

Interior

Fireplace No

Laundry Common Area, Laundry Room

Exterior

Garage Spaces 5.0

Garage Description 5.0

Pool None

Community Features Sidewalks

Total Parking Spaces 5

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 16523227

Energy Description 3757.0

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard


California Regional MLS (CRMLS)
Listed by Lily Nguyen • Berkshire Hathaway HomeService • 949-524-9290

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Jason Tomei

Agent | RE.S.0176035

+1(702) 802-8142

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17431 Koledo LN