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Property profile & analytics
OFF-MARKET
Estimated value
$2,475,000
Apartment buildings
16972 Lynn Ln Huntington Beach, CA 92649-3953
Entity Owned
3-yr Hold
Absentee Owner
Property ID
US09-0591505
Property summary
AI-generated overview
This exceptional 7-unit apartment building presents a turnkey investment opportunity in Huntington Beach, California. Situated on a 0.19-acre lot at 16972 Lynn Lane (APN 178-261-08), this two-story, 4,670 square foot building boasts a desirable Huntington Harbor location, just one mile from the beach. Built in 1976 and extensively renovated in 2024, the property features a mix of unit sizes: one 2-bedroom/1-bathroom, five 1-bedroom/1-bathroom, and one studio apartment. Recent upgrades include new hardwood floors, kitchen cabinets, bathroom tile, interior paint, a new roof (February 2020), and new windows. The property offers ample parking with six individual garages, six assigned spaces, and additional street parking. Residents enjoy a convenient on-site laundry room, and all units have separate gas and electric meters. The property's strong financial performance is reflected in its 100% occupancy rate, $130,491 NOI, and a 3.96% cap rate (pro-forma NOI of $149,977 and a 4.55% pro-forma cap rate). Nearby amenities include Trader Joe's, Bank of America, Chase Bank, and Huntington Harbor Medical Center. This meticulously maintained property offers a compelling blend of location, recent renovations, and strong financial performance, making it an ideal investment. The asking price is $3,295,000, representing $470,714 per unit. The property is zoned for multifamily use.
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1976
Total area
4,558 SF
Lot
0.19 ac (8,290 SF)
APN
178-261-08
UPID
US09-0591505
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.97M
CAP Approach
CAP
$1.51M
Comparable Approach
Comparable
$2.81M
Blend (final)
Blend
$2.48M
Owner & transaction history
Vwc Lynn Lane 6 LLC · 3 yrs held
Vwc Lynn Lane 6 LLC
since 2023
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.5M
+31.2%
Retail stores
$2.2M
+14.8%
Neighborhood: shopping center
$2.1M
+10.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Huntington Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Huntington Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,815,000
ML approach
$2,965,000
CAP Approach
CAP Return
Estimation
6%
$1,640,000
6.5%
$1,510,000
7%
$1,405,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,935,000
Current use
COMMERCIAL (GENERAL)
$2,540,000
Change: +31% · Conversion: Moderate
RETAIL STORES
$2,220,000
Change: +15% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,140,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,035,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$1,955,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$2.48M
Range $2.23M – $2.72M · ±10% · vs last sale $2.38M (Jan 12 2023)
Last sale anchor
$2.38M
Jan 12 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$543 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$28,132
Tax year 2024
Assessed value
$2,422,500
Assessed 2024
Previous assessed
$2,422,500
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$2,119,798
Assessed improvement
$302,702
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1976
Heating
NONE
Stories
2
Units
6
Total area
4,558 SF
Lot
0.19 ac (8,290 SF)
APN
178-261-08
UPID
US09-0591505
Jurisdiction
ORANGE
Metro division
SANTA ANA-ANAHEIM-IRVINE, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$2.5M
RETAIL STORES
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.0M
OFFICE BUILDING
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1976
Heating
NONE
Stories
2
Units
6
Lot
0.19 ac
Current owner
From public records · entity-resolved
Vwc Lynn Lane 6 LLC
Entity
Mailing address
27525 PUERTA REAL STE #300, MISSION VIEJO, CA 92691-6379
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2025
—
Vwc Lynn Lane 6 LLC
—
Deed
related
$1,570,000 · Jpmorgan Chase Bank NA
Jan 12, 2023
$2,375,000
Vwc Lynn Lane 6 LLC
J Group Properties LLC
Grant Deed
$1,543,750 · Everest Properties LLC
Apr 7, 2016
—
J Group Properties LLC
Jeng,grace
Quit Claim Deed
—
Dec 28, 2015
—
J Group Properties LLC
Jeng,grace
Quit Claim Deed
—
Jul 23, 2015
—
Richard Jeng
Lu,yiyu
Quit Claim Deed
related
—
Jul 23, 2015
$1,557,500
Grace Jeng
Som Sofy Trust
Grant Deed
—
Jul 29, 2010
$1,057,000
Som Sofy Trust
Jones,mark R & Harriet H
Grant Deed
$150,000 · Mark R & Harriet H Jones
Dec 10, 1999
$569,000
Mark R Jones
Strauss,leroy M
Grant Deed
$383,000 · Washington Mutual Fsb
—
—
Leroy M Strauss
—
Deed Of Trust
related
$275,000 · Home Savings Of America
—
—
Mark R Jones
—
Deed Of Trust
related
$650,000 · Washington Mutual Fsb
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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