
Huntington Beach, California 92649
This Quadruplex Residential Income Asset represents a High-Potential Investment Opportunity, listed at $2,425,000—positioned above the $2,356,807 Fair Market Value. While priced at a premium, the property features a Condition Rating of 3, with three units boasting Modernized Interiors including Granite Kitchens. The asset offers significant rental upside through the renovation of the remaining unit and adjustment of below-market month-to-month tenancies. Located in a prime coastal neighborhood, this is an ideal acquisition for Buy-and-Hold Investors or Value-Add Syndicators seeking long-term cash flow growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5561 Reno Subject 0 bd · 0 ba · 4,273 sqft · $552 | $2,425,000* List Price | 0 | 0 | 4,273 | $552 | - |
A 5571 Reno Circle Sold 0 bd · 0 ba · 4,274 sqft · $538 · 0.0 mi | $2,300,000 | 0 | 0 | 4,274 | $538 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1972, the property has undergone substantial interior renovations in three out of four units, featuring granite countertops and newer cabinetry. The exterior appears well-maintained, and the units are functional and move-in ready, though the presence of wall AC units and one un-remodeled unit prevents an 'Excellent' rating.
With three units currently rented below market value on month-to-month tenancies, the property offers a clear path to increased cash flow and immediate value-add potential.
Three of the four units have been substantially remodeled with granite countertops and newer cabinetry, reducing the need for immediate capital expenditures.
Situated on a quiet cul-de-sac in North Huntington Beach near Marina High School and Huntington Harbour, the property benefits from high tenant demand and proximity to the beach.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6970, other record lot size in square feet = 7326.
The largest unit (3-bedroom/2-bath) has not been remodeled, requiring future investment to bring it to the same standard and rental premium as the other units.
Operating expenses are currently provided as estimates rather than actuals, which may impact the precision of initial net operating income projections for investors.
5561 Reno Circle presents an opportunity to acquire a well-located four-unit apartment property in desirable North Huntington Beach. Situated on a quiet cul-de-sac near Marina High School, the property offers strong existing income together with meaningful long-term rental upside. The approximately 4,273-square-foot property was built in 1972 and features an attractive unit mix consisting of one 3-bedroom/2-bath unit, two 2-bedroom/2-bath units, and one 2-bedroom/1-bath unit. Current scheduled rents total approximately $9,735 per month. Three of the four units are rented below current market levels and are occupied on month-to-month tenancies, providing an opportunity for future income growth for the new owner. The property has benefited from substantial interior improvements, with all units remodeled except the 3-bedroom unit. Improvements include granite countertops, newer cabinetry, and other interior upgrades. One of the 2-bedroom/2-bath units features a permitted open-floor-plan configuration approved by the City. Located in an established Huntington Beach rental neighborhood, the property offers convenient access to schools, shopping, employment centers, major transportation routes, Huntington Harbour, Bolsa Chica, and the beach. Expenses are estimated; actual operating expenses will be provided upon an accepted offer.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 4,273 | 3,740.111 |
| Lot Size | 6,970 | 7,236.889 |
| Price | $2.42M | $1.94M |
| Price per sq ft | $568 | $531 |
| Built year | 1972 | 1967 |
| HOA | $0 | $0 |
| Days on market | 19 | 52 |
Oct 6, 2026
$2,425,000
Initial Listing
Nov 21, 2016
$1,510,000
Public Record