Keegan Cin | Realtor® | License # DRE 01971604

Property

Huntington Beach, CA 92649 16972 Lynn Lane

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Presented By: Mark Bridge with Mark Bridge, Broker; Mark.Bridge@matthews.com
  • MLS# OC25027123
  • 02/07/2025
  • Request Tour
  • Request Info
  • Beds • 7
  • Baths • 3
  • SQFT • 4,670
  • Garage • 6
  • Year Built • 1976

Home Details

16972 Lynn Lane is located in beautiful Huntington Beach, CA. Built in 1976, this garden style two story walkup is well-located in a 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 one 2 bed / 1 bath, five 1 bed / 1 bath units and a studio apartment. 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 ample parking, including six secure single car garages, six assigned on-site spaces, and additional open street parking. 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.
Presented By: Mark Bridge with Mark Bridge, Broker; Mark.Bridge@matthews.com

Interior Features for 16972 Lynn Lane

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace Y/NNo
FlooringVinyl
Heating Y/NYes
Laundry FeaturesCommonArea
Total Stories2

Other Rooms

Entry Level1

General for 16972 Lynn Lane

Additional Parcels Y/NNo
AppliancesDisposal, GasOven, GasRange, GasWaterHeater
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.0
Carport Y/NNo
CityHuntington Beach
Community FeaturesCurbs, Gutters, StormDrains, StreetLights, Suburban, Sidewalks
CountyOrange
Directions405 South, Exit Warner (Right), Right on Lynn
Electric Expense500.0
Electric On Property Y/NNo
Entry LocationFront
Fuel Expense250.0
Garage Spaces6.0
Garage Y/NYes
Gross Income187908.0
HOANo
HeatingNaturalGas, WallFurnace
Home Warranty Y/NNo
Insurance Expense3208.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCashToNewLoan
Lot Size Square Feet8276.4
Lot Size UnitsAcres
MLS Area15 - West Huntington Beach
MaintenanceExpense3500.0
MobileHomeRemainsYNNo
Net Operating Income130491.0
New ConstructionNo
Number Of Units Total7
Number of Units Leased7
Open Parking Spaces6.0
Operating Expense54093.0
Pool FeaturesNone
Property Attached Y/NYes
Property ConditionUpdatedRemodeled
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NNo
RoofComposition, Shingle
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Subdivision NameWarner & Lynn
Tax Lot3
Taxes$37,463
Tenant PaysElectricity, Gas
Total Actual Rent187908.0
Trash Expense3072.0
UtilitiesCableConnected, ElectricityConnected, NaturalGasConnected, PhoneConnected, SewerConnected, WaterConnected
Water Sewer Expense950.0
Waterfront Y/NNo
Year Built1976
Year Built SourceAssessor

Exterior for 16972 Lynn Lane

Building Area Total4670.0
Crops Included Y/NNo
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixToTenUnitsAcre
Lot Size Acres0.19
Lot Size Area0.19
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters8
Number of Separate Gas Meters8
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned, Garage
Private PoolNo
SpaNo
Total Parking12.0
Water SourcePublic

Additional Details

Price History

Keegan Cin

Team Lead
Price $3,295,000
MLS#OC25027123
List Date 02/07/2025
Property Type Multi-Family
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