5561 Reno,Huntington Beach, CA 92649
Huntington Beach, CA 92649
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.
Details
| MLS # | PW26217784 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1972 |
| Days On Site | 14 |
| Listing Provided By | Citivest Realty Services, Inc | Michael Lembeck |
Features
| SQ Feet | 4,273 |
|---|---|
| Garage | 5 |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 1 |
| Acreage | 0.16 |
| Property View | Yes |
Interior
| Cooling | None |
|---|---|
| Heating | Forced Air, Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Interior Features | Balcony |
| Appliances | Built In Range, Gas Cooktop, Disposal, Gas Oven, Gas Range, Gas Water Heater, Water Heater |
| Fireplace Yes / No | Yes |
Exterior
| Exterior Features | Rain Gutters |
|---|---|
| Roof | Asphalt, Shingle |
| Construction Materials | Stucco |
| Lot Features | Cul De Sac, Lawn, Landscaped, Near Park, Sprinkler System, Street Level |
| Fencing | Wood |
Parking
| Parking Features | Asphalt, Door Multi, Door Single, Driveway, Garage, Off Street, Garage Faces Rear, One Space, On Street |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Utilities | Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected |
|---|---|
| Electric | Standard |
| Sewer | Sewer Tap Paid |
Location
| Community Features | Curbs, Street Lights, Suburban, Sidewalks, Park |
|---|
Area Information
| State | CA |
|---|---|
| County | Orange |
| City | Huntington Beach |
| Zip Code | 92649 |
| Area | 17 Northwest Huntington Beach |
| Community Name | Marina High School |
| Listing VS Median (in Marina High School) | |
Price: $2,425,000 low | high Med: $2,425,000 sqft: 4,273 low | high Med: 4,273 $ / sqft: $568 low | high Med: $568 On site: 14 low | high Med: 14 | |
Market Activity 92649
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Learn More About This Property
| State | CA |
|---|---|
| County | Orange |
| City | Huntington Beach |
| Zip Code | 92649 |
| Area | 17 Northwest Huntington Beach |
| Community Name | Marina High School |
| Listing VS Median (in Marina High School) | |
Price: $2,425,000 low | high Med: $2,425,000 sqft: 4,273 low | high Med: 4,273 $ / sqft: $568 low | high Med: $568 On site: 14 low | high Med: 14 | |