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Listed by Jim Daly, DRE #02089079 • The L3
$ 2,150,000
Est. payment | /mo
7,841 Sqft Lot
$ 2,150,000
Est. payment | /mo
7,841 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC26228580
Year Built 1977
Lot Size 7,841 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
Welcome investors to 18902 Valley Circle, a rarely available street in Huntington Beach offering strong current income and significant upside. This well-positioned 4-unit property features a highly desirable unit mix of four 2-bath and 2-bath units. One unit has the ability to be upgraded to a 3-bed with the addition of a closet. Each unit includes in-unit washer dryer hook-ups, and a private one-car garage, providing excellent tenant appeal and a competitive edge in the rental market. Recent capital improvements, new windows, new electric panels, new roof. These major upgrades reduce future maintenance costs and enhance the property's long-term value. Current Income: $9,107 per month (approximately $109,284 annually), with a Cap Rate: Over 3.5% Pro Forma Income could be Over $15,000 per month. Properties with this unit mix, private garages, and recent major system updates do not come up often in Huntington Beach. The location offers convenient access to Surf City USA's beaches, shopping, outstanding school district, dining, parks, and freeways, supporting strong, consistent rental demand. Ideal for investors seeking a cash-flowing asset with clear value-add potential through rent optimization and the benefit of recently completed major improvements.
Location
State CA
County Orange
Area 14 - South Huntington Beach
Rooms
Kitchen Oven Range - Gas
Interior
Heating Gas, Central Forced Air
Cooling None
Flooring Laminate
Laundry Other
Exterior
Parking Features Garage
Garage Spaces 6.0
Pool 31, None
View None
Roof Type Flat / Low Pitch
Building
Lot Description Corners Marked
Foundation Concrete Slab
Water District - Public
Others
Tax ID 15745216
Special Listing Condition Not Applicable
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