16972 Lynn Lane

Huntington Beach, CA 92649

$3,295,000
Price
3
Beds
7
Baths
4,670 Sq. Ft.
$706 / Sq. Ft.
4,670
Sq. Ft.
$706
per Sq. Ft.

Description

Built in 1976, this garden style two story walkup is well-located in the highly desirable coastal location of Huntington Harbor. The asset has great curb appeal with nice landscaping, including well-maintained trees and other greenery. The property has an excellent unit mix of 1 - 2 bed / 1 bath, 5 - 1 bed / 1 bath units and 1 - Studio unit built and final permitted in 2024. All units have all been renovated with new hardwood floors, new kitchen cabinets, new bathroom tile flooring, and new interior...Built in 1976, this garden style two story walkup is well-located in the highly desirable coastal location of Huntington Harbor. The asset has great curb appeal with nice landscaping, including well-maintained trees and other greenery. The property has an excellent unit mix of 1 - 2 bed / 1 bath, 5 - 1 bed / 1 bath units and 1 - Studio unit built and final permitted in 2024. All units have all been renovated with new hardwood floors, new kitchen cabinets, new bathroom tile flooring, and new interior paint. Additional building upgrades include a new roof installed in February 2020, and new windows and exterior paint. The property has private patios and balconies, great parking including six secure single car garages and six assigned on-site spaces for a total of 12 spaces. The tenants enjoy a clean, on-site community laundry room, and each unit is separately metered for gas and electric. A key driver in the desirability of this asset is its prime Huntington Beach coastal location, just a mile away from the beach. Within 0.25 miles of the asset includes a Trader Joe’s, Bank of America, Chase Bank, and the Huntington Harbor Medical Center. The property is also conveniently located a mile from Huntington Harbor, Bolsa Chica State Beach, Sunset Beach, and Pacific Coast Highway.
  1. Listed by Mark Bridge • DRE #01316702 • Brokerage DRE #01316702 • Mark Bridge, Broker • Mark.Bridge@cushwake.com

Property Details for 16972 Lynn Lane

Parking Spaces Total
12
Private Pool
No
Total Units
7.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4670
Assessor Parcel Number
178-261-08
Property Attached YN
true
LISTING UPDATED: 11/14/2024 12:07 AM

Property Details for 16972 Lynn Lane

StatusActive
MLS #OC24218296
Days on Market30
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1976
CountyOrange County

Building Information for 16972 Lynn Lane

Building/Complex16972 Lynn LnFloor-Stories2Residences-Pet Policy-Year Built1976Building Size-

Property Information for 16972 Lynn Lane

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $188,342
  • Gross Scheduled Income: $188,342
  • Gross Spendable Income: $130,491
  • Vacancy Allowance: 3758
  • Gross Operating Income: $184,150
  • Net Operating Income: $130,491
  • Laundry Income: $434
  • Gross Multiplier: 17.54
  • Cap Rate: 4.0
Expense Details
  • Operating Expense: $54,093
  • New Taxes Expense: $35,916
  • Gardener Expense: $2,400
  • Fuel Expense: $250
  • Pest Control Expense: $1,000
  • Electric Expense: $500
  • Insurance Expense: $3,208
  • Maintenance Expense: $3,500
  • Professional Management Expense: $0
  • Other Expense: $1,750
  • Other Expense Description: Reserces
  • Trash Expense: $3,072
  • Water Sewer Expense: $950
  • Total Expenses: $54,093
Tax / Assessment Info
  • Tax Block: I
  • Tax Tract Number: 349
  • Tax Census Tract: 994.16
  • CFD/Mello-Roos Fee: $1,547
  • Tax Lot: 3
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban
Property / Structure Info
Interior Features
  • Appliances: Disposal, Gas Oven, Gas Range, Refrigerator, Water Heater Central
  • Equipment: Community, Refrigerator
  • Water Heater Features: Central Water Heater
  • Laundry: Yes
  • Laundry Features: Community
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Laminate
Exterior Features
  • Roof: Composition, Shingle
  • Entry Location: First
  • Property Condition: Turnkey
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Number Of Units: 7
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Electric: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Parking: Yes
  • Parking Garage: Garage
  • Uncovered Spaces: 6
  • Open Other Spaces Total: 6
  • Parking Garage Spaces: 6
  • Carport Spaces: 0
  • Parking Features: Garage
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Actual Rent: $1,950
  • Unit Type Total Rent: $1,950
  • Unit Type Pro Forma: 2050
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,192
  • Unit Type Total Rent: $10,959
  • Unit Type Pro Forma: 11975
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,750
  • Unit Type Total Rent: $2,750
  • Unit Type Pro Forma: 2995
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 7
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number With Range: 7
  • Number With Disposal: 7

Property History for 16972 Lynn Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 16972 Lynn Lane

Taxable ValueLand$2,119,798Additions$302,702Total$2,422,500
Tax Record2024$28,132 ($2,344 / month)
Home Facts
Total Finished SqFt4,558 SqFtAbove Grade Finished SqFt4,558 SqFtStories2Lot Size8,290 SqFtStyleMulti-Family Res (5+ Units)Year Built1976CountyORANGEAPN178-261-08

Schools near 16972 Lynn Lane

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
Harbour View Elementary School
PublicK to 5

Marine View Middle School
Public6 to 8

Marina High School
Public9 to 12

Coast High 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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16972 Lynn Lane is a multi-family home for sale in Huntington Beach, CA 92649. This property was listed for sale on October 23, 2024 by Mark Bridge, Broker, it's currently listed at $3,295,000. It has been on the market for a total of 30 days and was last sold on January 17, 2023. This listing's school districts are Ocean View School District, Huntington Beach Union High School District. Nearby schools include Harbour View Elementary School, Marine View Middle School and Marina High School. 16972 Lynn Lane is a 3-bed, 7-bath, 4,670 sqft multi-family home built in 1976.

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 Mark Bridge, Broker, Mark Bridge, DRE #01316702

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.