16805 Roosevelt Ln Active Save Request In-Person Tour Request Virtual Tour
Huntington Beach,CA 92649
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,208 sqft
Price per Sqft $513
MLS Listing ID 25574891
Style Low Rise
Bedrooms 10
Year Built 1988
Lot Size 9,007 Sqft
Acres 0.2167
Property Sub-Type Multi-Family
Property Description
We are pleased to offer the opportunity to acquire 16805 Roosevelt Lane, a spacious and well-maintained four-unit apartment building located on a quiet cul-de-sac in a desirable Huntington Beach neighborhood. Built in 1988, this pride-of-ownership property offers an exceptional unit mix of two (2) three-bedroom, two-bathroom + loft units and two (2) two-bedroom, two-bathroom units - averaging over 1,300 square feet - with ample on-site parking, including four (4) single-car garages and four (4) designated surface spaces. Each unit features generous layouts with private patios or balconies, fireplaces, vaulted ceilings (in 3-bedroom units), abundant natural light, and washer/dryer hookups, creating an appealing and comfortable living environment for tenants. The property is individually metered for gas and electricity, with tenants responsible for their own utilities, limiting landlord expenses to water, sewer, trash, and common area electricity. In the last five years, three units have been renovated with updated kitchens, bathrooms, and flooring, while recent capital improvements include new electrical subpanels and individual water heaters installed within the past year. This rare opportunity allows an investor to secure immediate cash flow while benefiting from future upside and predictable rent growth under California's AB-1482 rent control (5% + CPI). Located near Bolsa Chica Street and Pearce Drive, the property enjoys proximity to shopping centers, restaurants, grocery stores, and entertainment.
Location
State CA
County Orange
Area Northwest Huntington Beach
Rooms
Other Rooms None
Interior
Heating Other
Cooling None
Equipment Stackable W/D Hookup
Laundry In Unit
Exterior
Parking Features Assigned, Attached
Garage Spaces 8.0
Building
Story 3
Architectural Style Low Rise
Level or Stories Multi/Split
Others
Special Listing Condition Standard