16542 Sabot Lane, Huntington Beach, California 92647, Huntington Beach, 92647 - bed, bath
ACTIVE$2,200,000
16542 Sabot Lane, Huntington Beach, California 92647
0Bed
0Bath
4,350Sqft
7,405Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Elementary School: Circle View Elementary School (9/10). High School: Marina High School (9/10).
Top Cons:
Property Age: Built in 1968, the property's age suggests that major systems (e.g., plumbing, electrical, roof) may be original or nearing the end of their useful life, potentially requiring significant capital expenditures in the future.
Compared to the nearby listings
Price:$2.20M vs avg $1.70M (+$500,000)80%
Size:4,350 sqft vs avg 3,836 sqft80%
Price/sqft:$506 vs avg $46560%
More Insights
Built in 1968 (57 years old).
Condition: Built in 1968, this property is over 50 years old. While described as 'well-maintained,' there's no evidence of extensive recent renovations. The presence of wall heaters and visible window AC units indicates outdated HVAC systems. Without interior photos, it's highly probable that kitchens and bathrooms are also dated, likely having been updated 15-30 years ago or being original with minor cosmetic changes. The exterior appears functional but not modern. The property is aged but maintained, with functional major components that show signs of being outdated, requiring minor updates to meet current standards.
Year Built
1968
Close
-
List price
$2.2M
Original List price
$2.2M
Price/Sqft
$506
HOA
-
Days on market
-
Sold On
-
MLS number
OC25141535
Home ConditionFair
Features
Patio
View-
About this home
We are pleased to offer the opportunity to acquire 16542 Sabot lane, a four-unit Covington-style apartment building in the desirable Goldenwest neighborhood of Huntington Beach, CA. Built in 1968, this well-maintained property offers 4,350 rentable SF on a 7,405 SF lot featuring an excellent unit mix of one (1) three-bedroom "owner's unit" and three (3) two-bedroom units with on-site parking including two (2) double-car garages and surface parking spaces. Each unit features spacious layouts with private patios or balconies, abundant natural light, and wall heaters, providing a comfortable and appealing living experience for tenants. The property is individually metered for gas and electricity, includes water heaters in each unit.
Nearby schools
6/10
College View Elementary School
Public,•K-5•0.7mi
9/10
Circle View Elementary School
Public,•K-5•1.1mi
7/10
Spring View Middle School
Public,•6-8•0.9mi
5/10
Ocean View High School
Public,•9-12•0.5mi
9/10
Marina High School
Public,•9-12•1.3mi
Condition Rating
Fair
Built in 1968, this property is over 50 years old. While described as 'well-maintained,' there's no evidence of extensive recent renovations. The presence of wall heaters and visible window AC units indicates outdated HVAC systems. Without interior photos, it's highly probable that kitchens and bathrooms are also dated, likely having been updated 15-30 years ago or being original with minor cosmetic changes. The exterior appears functional but not modern. The property is aged but maintained, with functional major components that show signs of being outdated, requiring minor updates to meet current standards.
Pros & Cons
Pros
Great Schools: Elementary School: Circle View Elementary School (9/10). High School: Marina High School (9/10).
Prime Location: Located in the desirable Goldenwest neighborhood of Huntington Beach, a highly sought-after coastal city, offering strong rental demand and access to well-rated schools.
Strong Income Potential: A four-unit quadruplex with an excellent unit mix, including a spacious 3-bedroom 'owner's unit' and three 2-bedroom units, providing diversified and stable rental income streams.
Tenant-Friendly Features: Each unit boasts spacious layouts, private patios or balconies, and abundant natural light, enhancing tenant appeal, comfort, and retention.
Ample On-Site Parking: The property offers significant on-site parking with two double-car garages and additional surface spaces, a crucial and highly valued amenity for multi-unit properties.
Reduced Landlord Utility Costs: Units are individually metered for gas and electricity, effectively shifting these utility expenses to tenants and improving the property's net operating income.
Cons
Property Age: Built in 1968, the property's age suggests that major systems (e.g., plumbing, electrical, roof) may be original or nearing the end of their useful life, potentially requiring significant capital expenditures in the future.
Lack of Central Air Conditioning: The description mentions 'wall heaters' but no central cooling system, which could be a significant drawback for tenants during warmer months and potentially impact rental rates or tenant satisfaction.
Ongoing Renovation Needs: While described as 'well-maintained,' a property of this vintage often requires continuous updates and renovations to remain competitive with newer developments and prevent obsolescence, incurring additional costs for a new owner.