16562 Goldenwest Street

Huntington Beach, CA 92647

$1,900,000
Price
9
Beds
7
Baths
4,442 Sq. Ft.
$428 / Sq. Ft.
4,442
Sq. Ft.
$428
per Sq. Ft.

Description

We are pleased to offer the opportunity to acquire 16562 Goldenwest Street, a four-unit Covington-style value add apartment building in the desirable Goldenwest neighborhood of Huntington Beach, CA. Built in 1969, this well-maintained property offers 4,442 rentable SF on a 7,405 SF lot featuring an excellent unit mix of one (1) three-bedroom "owner's unit" and three (3) two-bedroom units with ample on-site parking including two (2) double-car garages and three (3) surface parking spaces. Each unit...We are pleased to offer the opportunity to acquire 16562 Goldenwest Street, a four-unit Covington-style value add apartment building in the desirable Goldenwest neighborhood of Huntington Beach, CA. Built in 1969, this well-maintained property offers 4,442 rentable SF on a 7,405 SF lot featuring an excellent unit mix of one (1) three-bedroom "owner's unit" and three (3) two-bedroom units with ample on-site parking including two (2) double-car garages and three (3) surface parking spaces. Each unit features spacious layouts with private patios or balconies, abundant natural light, and wall heaters, providing a comfortable and appealing living experience for tenants. The property is individually metered for gas and electricity, includes brand new water heaters in each unit, and tenants are responsible for their own trash, reducing landlord operating expenses. Additionally, an on-site laundry room offers potential for added revenue, currently not operational and with no lease on the equipment. With this rare buying opportunity, an investor will have the opportunity to capture over 45% rental upside by renovating units and taking advantage of the fundamentals fueling the rental neighborhood of the Huntington Beach community for decades to come.
  1. Listed by Kamfar Kyle Mirrafati • DRE #01911204 • Brokerage DRE #01469842 • Matthews Real Estate Investment Services

Property Details for 16562 Goldenwest Street

Parcel Number
14241115
Total Units
4.0
Living Area
4442
Source Living Area
Assessor
Area
Northwest Huntington Beach (17)
Vacancy Rate
0
Lot Size Area
7405
Source Lot Size Area
Assessor
LISTING UPDATED: 11/21/2024 08:47 AM

Property Details for 16562 Goldenwest Street

StatusActive
MLS #24-464845
Days on Market6
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1969
Lot Size0.17 AC / 7,405 SF
CountyOrange County

Building Information for 16562 Goldenwest Street

Stories2Residences-Year Built1969Building Size-Lot Size0.17 AC / 7,405 SF

Property Information for 16562 Goldenwest Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $98,300
  • Net Operating Income: $65,980.00
  • Gross Income: $101,340
  • Gross Rent Multiplier: $18.75
  • Total Annual Expense: 32320
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.17
  • Lot Size Square Feet: 7405
  • Lot Size Dimensions: 65x115
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Garage - 2 Car, Assigned
  • Total Parking: 7
  • Open Other Spaces Total: 3
  • Garage Spaces Total: 4
  • Parking Features: Garage - Two Door, Assigned
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Other
  • Common Walls: Attached
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-21-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,100.00
  • Unit Actual Rent: $2,100.00
  • Unit Projected Rent: $3,450.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,800.00
  • Unit Actual Rent: $2,800.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,795.00
  • Unit Actual Rent: $1,795.00
  • Unit Projected Rent: $3,050.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,750.00
  • Unit Actual Rent: $1,750.00
  • Unit Projected Rent: $2,900.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $183,318.00
  • Assessed Improvement Percent: 10.81
  • Assessed Land Value: $1,511,832.00
  • Assessed Land Percent: 89.19
  • Assessed Total Value: $1,695,150.00

Property History for 16562 Goldenwest Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 16562 Goldenwest Street

Taxable ValueLand$1,542,069Additions$186,984Total$1,729,053
Tax Record2024$20,010 ($1,667 / month)
Home Facts
Total Finished SqFt4,443 SqFtAbove Grade Finished SqFt4,443 SqFtStories2Lot Size7,538 SqFtStyleQuadraplexYear Built1969CountyORANGEAPN142-411-15

Schools near 16562 Goldenwest Street

This home is within Ocean View School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
College View Elementary School
PublicK to 5

Spring View Middle School
Public6 to 8

Ocean View High School
Public9 to 12

Valley Vista High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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16562 Goldenwest Street is a multi-family home for sale in Huntington Beach, CA 92647. This property was listed for sale on November 21, 2024 by Matthews Real Estate Investment Services, it's currently listed at $1,900,000. It has been on the market for a total of 6 days and was last sold on February 8, 2018. This listing's school districts are Ocean View School District, Huntington Beach Union High School District. Nearby schools include College View Elementary School, Spring View Middle School and Ocean View High School. 16562 Goldenwest Street is a 9-bed, 7-bath, 4,442 sqft multi-family home built in 1969.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Matthews Real Estate Investment Services, Kamfar Kyle Mirrafati, DRE #01911204

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.