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16052 Waikiki Lane, Huntington Beach, California 92649, Huntington Beach, 92649 - bed, bath

16052 Waikiki Lane, Huntington Beach, California 92649 home-pic-0
ACTIVE$2,490,000
16052 Waikiki Lane, Huntington Beach, California 92649
0Bed
0Bath
5,360Sqft
6,534Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Coastal Location: Situated park-front in the desirable Bolsa Chica-Heil area, just moments from Sunset Beach, the coast, and major amenities, offering high tenant appeal and potential for appreciation.
Top Cons:
Restricted Due Diligence: The 'drive by only' and 'offer subject to interior inspection' clause limits initial buyer access, potentially complicating the due diligence process and raising concerns about unseen conditions.

Compared to the nearby listings

Price:$2.49M vs avg $2.12M (+$365,000)88%
Size:5,360 sqft vs avg 4,557.5 sqft75%
Price/sqft:$465 vs avg $46738%

More Insights

Built in 1968 (57 years old).
Condition: The property was built in 1968, making it over 50 years old. While the interior image shows updated, clean tile flooring and fresh paint, suggesting some cosmetic updates, there are no images of kitchens or bathrooms, which are critical for a full assessment. The visible light fixture appears dated. The listing description itself notes the property's age and potential need for 'significant capital expenditures for system updates, renovations, or deferred maintenance.' This indicates that while the property is maintained and functional, it likely has outdated major systems and components that would require future investment, aligning with a 'Fair' condition.
Year Built
1968
Close
-
List price
$2.49M
Original List price
$2.6M
Price/Sqft
$465
HOA
-
Days on market
-
Sold On
-
MLS number
PW25192049
Home ConditionFair
Features
Good View: Neighborhood
Deck
ViewNeighborhood

About this home

Don’t miss this fantastic opportunity to own a prime park-front multifamily complex in the desirable Bolsa Chica-Heil area of Huntington Beach, just moments from Sunset Beach and the coast. This fully leased 2-story fourplex offers stunning twilight views and refreshing ocean breezes. The property features four well-appointed units: Unit A: A spacious front unit with 3 Bedrooms and 2 Baths (approx. 1,800 SF) Unit B: A downstairs unit with 2 Bedrooms and 2 Baths (approx. 1,280 SF) Unit C: An upstairs unit with 2 Bedrooms and 2 Baths (approx. 1,280 SF) Unit D: An upstairs unit with 1 Bedroom and 1 Bath (approx. 1,000 SF) Each unit is equipped with separate gas and electrical meters, ensuring tenant independence. Residents enjoy their own garage parking space, along with balconies or yards for outdoor relaxation. Units A, B, and C feature convenient in-unit laundry facilities. All tenants pay their own utilities, while the landlord covers water and trash. The property boasts ample parking for residents and additional street parking for guests. Take advantage of the nearby outdoor activities, with easy access to Sunset Beach, Bolsa Chica Beach, Pacific Coast Highway, scenic trails, and local shopping centers. **Drive by only. Offer is subject to interior inspection.** Hurry, this is a rare investment opportunity in a sought-after location!

Condition Rating
Fair
The property was built in 1968, making it over 50 years old. While the interior image shows updated, clean tile flooring and fresh paint, suggesting some cosmetic updates, there are no images of kitchens or bathrooms, which are critical for a full assessment. The visible light fixture appears dated. The listing description itself notes the property's age and potential need for 'significant capital expenditures for system updates, renovations, or deferred maintenance.' This indicates that while the property is maintained and functional, it likely has outdated major systems and components that would require future investment, aligning with a 'Fair' condition.
Pros & Cons

Pros

Exceptional Coastal Location: Situated park-front in the desirable Bolsa Chica-Heil area, just moments from Sunset Beach, the coast, and major amenities, offering high tenant appeal and potential for appreciation.
Robust Income Stream: A fully leased fourplex providing immediate and stable rental income, making it a strong investment opportunity with consistent cash flow.
Tenant-Centric Features: Each unit benefits from separate gas/electrical meters, private garage parking, outdoor spaces (balconies/yards), and in-unit laundry (for most units), enhancing tenant satisfaction and retention.
Versatile Unit Configuration: Features a diverse mix of unit sizes (1, 2, and 3 bedrooms), catering to a wide range of potential tenants and optimizing occupancy rates.
Desirable Ocean Proximity & Views: Enjoys refreshing ocean breezes and 'stunning twilight views,' contributing to a premium living experience and potential for higher rental values.

Cons

Restricted Due Diligence: The 'drive by only' and 'offer subject to interior inspection' clause limits initial buyer access, potentially complicating the due diligence process and raising concerns about unseen conditions.
Property Age & Potential Upgrades: Built in 1968, the property is over 50 years old, which may necessitate significant capital expenditures for system updates, renovations, or deferred maintenance to meet modern standards.
Significant Investment Threshold: The current list price of $2.49 million, even after a recent reduction, represents a substantial financial commitment, potentially narrowing the pool of qualified investors.

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