16592 Jib Cir Huntington Beach, CA 92649

Property Details for 16592 Jib Cir

Year built

1987

Property size

4,182 SF

Property type

Commercial real estate

APN

178-222-34

Description

This exceptional Huntington Beach investment opportunity presents a meticulously maintained three-unit apartment complex situated in the desirable Harbour area at 16592 Jib Circle. Built in 1987, this fee-simple property boasts a total of 4,182 square feet on a 6,341 square foot lot and features three, three-bedroom townhouse-style units, each averaging approximately 1,400 square feet. Each unit includes a direct-access two-car garage, a master bedroom balcony, and a large patio. Recent upgrades include a new roof and rain gutters (2024), refreshed exterior paint and landscaping, and resurfaced and weatherproofed balconies, ensuring compliance with SB-721. The interiors feature renovated kitchens and bathrooms, newer flooring and fixtures, and washer/dryer hookups. The property currently enjoys 100% occupancy, generating a Net Operating Income (NOI) of $99,265, with a pro-forma NOI of $113,233 and a pro-forma cap rate of 4.27%. The asking price is $2,650,000, representing a price per square foot of $633.67 and a price per unit of $883,333.33. The property's prime location offers convenient access to Harbour View Elementary School, Trader Joe's, The Home Depot, Meadowlark Golf Course, numerous biking and walking trails, and beaches. Major employment centers, including Amazon, Boeing, and Epson, are within two miles. This turnkey investment presents a rare opportunity to acquire a high-quality, stabilized multifamily property in a highly sought-after location. The property features eight parking spaces and is classified as a Class C multifamily building. The APN is 178-222-34.

Location Insight

City

Huntington Beach

County

Orange

State

California

Longitude

-118.04217822098

Latitude

33.72034747314