16972 Lynn Ln, Huntington Beach, CA 92649-3953
- Apartment buildings
- 4,558 SF
- 0.19 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 16972 Lynn Ln
- Year built
- 1976
- Lot size
- 0.19 lot acres
- Property type
- Apartment buildings
- APN
- 178-261-08
- APU
- 17826108
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 18, 2025 | — | Vwc Lynn Lane 6 LLC | — | Deed · related | $1.6M · Jpmorgan Chase Bank NA |
| Jan 12, 2023 | $2,375,000 | Vwc Lynn Lane 6 LLC | J Group Properties LLC | Grant Deed | $1.5M · 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 | $150k · Mark R & Harriet H Jones |
| Dec 10, 1999 | $569,000 | Mark R Jones | Strauss,leroy M | Grant Deed | $383k · Washington Mutual Fsb |
| — | — | Leroy M Strauss | — | Deed Of Trust · related | $275k · Home Savings Of America |
| — | — | Mark R Jones | — | Deed Of Trust · related | $650k · Washington Mutual Fsb |
Description
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.
Value Estimations
-
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
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,811,000
Market price range: $1.22M - $2.81M -
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
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Location Insight
- Map
- Local Demand
- City
- Huntington Beach
- County
- Orange
- State
- California
- Longitude
- -118.045
- Latitude
- 33.7156
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
