Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 16672 Dolores Lane, a 4-unit multifamily property located near Huntington Harbour in Huntington Beach, CA. Built in 1973, 16672 Dolores Lane features an exclusively 2-bed/2-bath unit mix with approximately 4,377 net rentable square feet on a 0.19-acre parcel. The residences average approximately 1,094 square feet and include 1 ground-level unit, 2 second-level units and a larger two-story residence with 2 private balconies that could appeal to an owner-user. Extensive renovations have been completed in 3 of the 4 residences, including quartz countertops, wood-vinyl flooring, remodeled bathrooms, updated cabinetry and new light fixtures. Additional building improvements include upgraded electrical sub-panels, outlets and switches; plumbing improvements; replacement of wall heaters; deck repairs and resurfacing; exterior repainting with related stucco and trim repairs; and roof resealing and certification. The balconies have also been brought into compliance with SB-721 requirements, and replacement of the main electrical panel is currently in progress. These improvements have addressed several major building systems while leaving 1 residence available for future renovation. The property also offers 12 parking spaces, providing a 3:1 parking ratio that is unusually generous for a 4-unit rental property. Each residence includes a single-car garage, an additional dedicated space and parking behind the garage, along with private outdoor space in the form of a patio or balcony. With spacious 2-bed/2-bath residences, extensive improvements, substantial on-site parking and a desirable Huntington Beach location, 16672 Dolores Lane offers investors a well-improved asset with additional value-add potential through the remaining unrenovated residence.