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Multifamily

16922 Lynn Lane - Huntington Harbour Portfolio

16922 Lynn Lane, Huntington Beach, CA 92649

Listing Price: $3,195,000

Cap Rate
3.30%
Number of Units
7
Price/Unit
$456,429
Price/Gross SF
$520.02
Gross SF
6,144

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire the Huntington Harbour Portfolio, a 2-property, 12+1 unit multifamily investment opportunity located in Huntington Beach, CA. *The Huntington Harbour Portfolio can be purchased individually or as a portfolio.* 16922 Lynn Lane is a 6+1 unit multifamily property that includes a nonconforming 1 bed/1 bath unit. Encompassing a combined 0.38 acres of land, the Huntington Harbour Portfolio offers an excellent unit mix consisting of one and two-bedroom floor plans. Additionally, the portfolio includes amenities such as garage, surface, and tuck-under parking, private balconies and patios, and on-site laundry. The Huntington Harbour Portfolio has an excellent north Huntington Beach location, located within blocks of the Huntington Harbour. The portfolio is located moments away from the Trader Joe’s anchored Huntington Harbor Mall, providing residents convenient access to everyday needs. The Huntington Harbour Portfolio is located in close proximity to all three levels of schooling including Harbour View Elementary School, Marine View Middle School, and Marina High School. The portfolio is ideally positioned just over 1 mile from Bolsa Chica State Beach, a state maintained beach that spans across 3 uninterrupted miles, placing residents moments away from a multitude of outdoor activities. Additionally, the portfolio is just over 1 mile from Pacific Coast Highway, providing residents with convenient access to a variety of attractions, cities, and employment hubs throughout Orange and Los Angeles Counties. The Huntington Beach submarket is among the strongest performing areas in metro Orange County, with an average occupancy of 96.8 percent (2Q 2022) and average yearly rent growth of 6.5 percent from 2013 to 2021, demonstrating the strong demand for rental housing. Huntington Beach’s excellent coastal location and strong economic growth have made it one of Southern California’s most desirable and versatile markets. Given the strength of the overall apartment market within the city of Huntington Beach and the demand for well-located apartments, the Huntington Harbour Portfolio is well-suited to provide investors with strong returns and value appreciation over the long term investment horizon.

Investment Highlights

  • Offers One & Two-Bedroom Floor Plans
  • Private Patios & Balconies
  • Ample Surface, Tuck-Under, & Garage Parking
  • On-Site Laundry Facilities
  • Moments Away From The Trader Joe's Anchored Huntington Harbour Mall
  • Easy Access to Huntington Harbour, Sunset County Beach, & the Bolsa Chica Ecological Reserve

Exclusively Listed By

Financing By

Multifamily

16922 Lynn Lane - Huntington Harbour Portfolio

Listing Price: $3,195,000

Cap Rate
3.30%
Number of Units
7
Price/Unit
$456,429
Price/Gross SF
$520.02
Gross SF
6,144

Investment Highlights

  • Offers One & Two-Bedroom Floor Plans
  • Private Patios & Balconies
  • Ample Surface, Tuck-Under, & Garage Parking
  • On-Site Laundry Facilities
  • Moments Away From The Trader Joe's Anchored Huntington Harbour Mall
  • Easy Access to Huntington Harbour, Sunset County Beach, & the Bolsa Chica Ecological Reserve

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire the Huntington Harbour Portfolio, a 2-property, 12+1 unit multifamily investment opportunity located in Huntington Beach, CA. *The Huntington Harbour Portfolio can be purchased individually or as a portfolio.* 16922 Lynn Lane is a 6+1 unit multifamily property that includes a nonconforming 1 bed/1 bath unit. Encompassing a combined 0.38 acres of land, the Huntington Harbour Portfolio offers an excellent unit mix consisting of one and two-bedroom floor plans. Additionally, the portfolio includes amenities such as garage, surface, and tuck-under parking, private balconies and patios, and on-site laundry. The Huntington Harbour Portfolio has an excellent north Huntington Beach location, located within blocks of the Huntington Harbour. The portfolio is located moments away from the Trader Joe’s anchored Huntington Harbor Mall, providing residents convenient access to everyday needs. The Huntington Harbour Portfolio is located in close proximity to all three levels of schooling including Harbour View Elementary School, Marine View Middle School, and Marina High School. The portfolio is ideally positioned just over 1 mile from Bolsa Chica State Beach, a state maintained beach that spans across 3 uninterrupted miles, placing residents moments away from a multitude of outdoor activities. Additionally, the portfolio is just over 1 mile from Pacific Coast Highway, providing residents with convenient access to a variety of attractions, cities, and employment hubs throughout Orange and Los Angeles Counties. The Huntington Beach submarket is among the strongest performing areas in metro Orange County, with an average occupancy of 96.8 percent (2Q 2022) and average yearly rent growth of 6.5 percent from 2013 to 2021, demonstrating the strong demand for rental housing. Huntington Beach’s excellent coastal location and strong economic growth have made it one of Southern California’s most desirable and versatile markets. Given the strength of the overall apartment market within the city of Huntington Beach and the demand for well-located apartments, the Huntington Harbour Portfolio is well-suited to provide investors with strong returns and value appreciation over the long term investment horizon.

Exclusively Listed By

Financing By

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