17431 Koledo Lane

Huntington Beach, CA 92647

$1,899,000
Price
10
Beds
10
Baths
4,734 Sq. Ft.
$401 / Sq. Ft.
4,734
Sq. Ft.
$401
per Sq. Ft.

Description

Huge price improvement! Don't miss this incredible opportunity to own a large 5-unit property on a sprawling 10,472 square foot lot in desirable Huntington Beach. This property is brimming with potential and just needs a little TLC to shine. Each unit offers 2 bedrooms and 2 bathrooms, plus a 1-car garage, providing an ideal unit mix for easy rentals. The property is thoughtfully laid out with a 4-plex setup, featuring two downstairs units and two upstairs units, while the 5th unit is situated above...Huge price improvement! Don't miss this incredible opportunity to own a large 5-unit property on a sprawling 10,472 square foot lot in desirable Huntington Beach. This property is brimming with potential and just needs a little TLC to shine. Each unit offers 2 bedrooms and 2 bathrooms, plus a 1-car garage, providing an ideal unit mix for easy rentals. The property is thoughtfully laid out with a 4-plex setup, featuring two downstairs units and two upstairs units, while the 5th unit is situated above the garages on the far side of the property. These spacious 2 bedroom, 2 bathroom units are highly sought-after, making them a breeze to rent out. Currently, all rents are well below market value, presenting a fantastic opportunity for increased rental income. Additionally, there is a shared laundry room adjacent to the row of garages, equipped with coin-operated machines that generate extra income for the owner. Each unit includes one garage parking space, as well as one assigned parking space in the parking lot, ensuring ample parking for tenants. Located in a prime area, this property offers easy access to top-rated schools, shopping centers, freeways, airports, and stunning beaches. This is the investment deal you've been waiting for – an exceptional property in a fantastic location with tremendous potential for rental income growth. Act fast, as this gem won't last long!
  1. Listed by Lily Nguyen • DRE #01949435 • Brokerage DRE #01317331 • Berkshire Hathaway HomeService • 949-524-9290

Property Details for 17431 Koledo Lane

Parking Spaces Total
5
Private Pool
No
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4734
Assessor Parcel Number
165-232-27
Property Attached YN
true
LISTING UPDATED: 08/02/2024 04:23 AM

Property Details for 17431 Koledo Lane

StatusActive
MLS #OC24158824
Days on Market177
Taxes-
HOA Fees$470
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1964
Lot Size0.24 AC / 10,472 SF
CountyOrange County

Building Information for 17431 Koledo Lane

Stories2Residences-Year Built1964Building Size-Lot Size0.24 AC / 10,472 SF

Property Information for 17431 Koledo Lane

Rental Info
Rental Info
  • Tenant Pays: Electricity
Income / Expense / Tax Details
Income Details
  • Gross Income: $122,424
  • Gross Scheduled Income: $122,424
  • Net Operating Income: $88,167
Expense Details
  • Operating Expense: $34,257
  • New Taxes Expense: $18,487
  • Fuel Expense: $3,757
  • Electric Expense: $374
  • Insurance Expense: $2,420
  • Professional Management Expense: $5,646
  • Other Expense: $133
  • Trash Expense: $0
  • Water Sewer Expense: $3,439
  • Total Expenses: $34,257
Tax / Assessment Info
  • Tax Tract Number: 4301
  • Tax Census Tract: 994.02
  • Tax Lot: 4
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community, Individual Room
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
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: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,950
  • Unit Type Total Rent: $1,950
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,152
  • Unit Type Total Rent: $2,152
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,003
  • Unit Type Total Rent: $2,003
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,950
  • Unit Type Total Rent: $1,950
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,897
  • Unit Type Total Rent: $1,897
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 5
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 17431 Koledo 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 17431 Koledo Lane

Taxable ValueLand$1,345,992Additions$251,926Total$1,597,918
Tax Record2024$18,833 ($1,569 / month)
Home Facts
Total Finished SqFt3,585 SqFtAbove Grade Finished SqFt3,585 SqFtLot Size9,903 SqFtStyleMulti-Family Dwelling (2-4)Year Built1964CountyORANGEAPN165-232-27

Schools near 17431 Koledo 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
Oak View Elementary School
PublicK to 5

Mesa 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.

Similar Homes

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17431 Koledo Lane is a mixed use property for sale in Huntington Beach, CA 92647. This property was listed for sale on July 25, 2024 by Berkshire Hathaway HomeService, it's currently listed at $1,899,000. It has been on the market for a total of 177 days and was last sold on May 13, 2005. This listing's school districts are Ocean View School District, Huntington Beach Union High School District. Nearby schools include Oak View Elementary School, Mesa View Middle School and Ocean View High School. 17431 Koledo Lane is a 10-bed, 10-bath, 4,734 sqft mixed use property built in 1964.

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 Berkshire Hathaway HomeService, Lily Nguyen, DRE #01949435

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.