Huntington Beach, CA 92649 16861 Green Lane
$3,000,000
6 more
Presented By: Peter Hauser with NorthMarq Realty Services, Inc; 949-302-1400
Beds • 8
Baths • 3
SQFT • 4,606
Garage • 6
Year Built • 1973
Home Details
Pleased to present Harbor Terrace - a 6-unit value-add investment opportunity with
significant projected rental upside in Huntington Beach, California. Market rents have been proven at the property with recent rent increases
and new lease originations. The property features a large, recently renovated three-bedroom, two-bath owner’s unit with a direct access
garage and washer/dryer hook-ups. There may be potential to add an additional dwelling unit (ADU) to the property. Harbor Terrace is
located just outside of Huntington Harbor, which is the most sought-after location in Huntington Beach. The residents of Harbor Terrace
enjoy access to world-class beaches, entertainment venues and top employment centers in Southern California.
Presented By: Peter Hauser with NorthMarq Realty Services, Inc; 949-302-1400
Interior Features for 16861 Green Lane
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesLivingRoom
Fireplace Y/NYes
Heating Y/NNo
Laundry FeaturesCommonArea, WasherHookup, GasDryerHookup
Total Stories2
Other Rooms
Entry Level1
General for 16861 Green Lane
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityHuntington Beach
Community FeaturesBiking, Fishing, Golf, Hiking, WaterSports
CountyOrange
DirectionsLocated off directly off of Warner and Green Lane
Electric Expense0.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense0.0
Garage Spaces6.0
Garage Y/NYes
Gross Income170640.0
HOANo
Home Warranty Y/NNo
Insurance Expense6000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCashToNewLoan
Lot Size Square Feet8276.0
Lot Size UnitsSquareFeet
MLS Area17 - Northwest Huntington Beach
MobileHomeRemainsYNNo
Net Operating Income110388.0
New ConstructionNo
Number Of Units Total6
Number of Units Leased6
Operating Expense55883.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Subdivision NameHuntington Harbor
Tax Lot20
Trash Expense0.0
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1973
Year Built SourcePublicRecords
Exterior for 16861 Green Lane
Building Area Total4606.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLandscaped
Lot Size Acres0.19
Lot Size Area8276.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking6.0
Water SourcePublic
Additional Details
Price History
Justin Hughey
Price
$3,000,000
MLS#OC25058702
List Date
03/18/2025
Property Type
Multi-Family
Phone
(562) 818-1655
