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5581 Reno Circle, Huntington Beach, CA 92649$2,288,888

9
beds
7
baths
4354
ft2
· 9583
ft2 lot
$526 / ft2

Listing provided courtesy of Martin Le, NextGen Team Realty
Source CRMLS;
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Great 4-plex with steady rental income and full occupancies in the heart of Huntington Beach! Conveniently located by Edinger Ave. and Springdale Ave., it is accessible to the 405 fwy and all the major shopping hubs and restaurants nearby, not to mention award winning schools throughout H.B.! This 4-Plex Unit consists of: Unit #1 - 3 bedroom, 2 bathroom, large kitchen & dining area, fireplace, and patio lower unit with a 2 car garage. Unit #2 - 2 bedroom, 2 bathroom lower unit with a 1 car garage, Unit #3 - 2 bedroom, 2 bathroom upper unit with a 1 car garage, and Unit #4 - 2 bedroom, 1 bathroom unit with a 1 car garage. Upper units each have a balcony, and lower units have a fenced patio. Each unit has individual laundry hookups located in the garages, and there are separate gas and electrical meters for each unit. The layout of each unit is great, with large bedrooms, and open concept kitchen/dining areas. The property has had complete termite and dry rot wood works done, wood beams replaced, new coats of paints, brand new landscaping. There is an oversized parking area behind the building, lush and mature landscape, a well maintained building nestled in a great Cul-De-Sac location. Very closely located near Marina High School, Marina Park, shopping and only minutes to Huntington Harbor and Bolsa Chica State Beach! The opportunity to own this hot property is becoming fewer and rarer in this market! PLEASE DO NOT DISTURB TENANTS!

HOA

$0/month

On market

2 months

Year built

1972

Property type

Multi-Family

Parking

5

MLS

OC21214450

Price / Sq.Ft.

$526 / ft2

Status

Active

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Home details for 5581 Reno Circle

Interior Features & Layout
Appliances
•   
Laundry Details: In Garage, Washer Hookup
•   
Laundry: 1
Interior Features
•   
Electric Details: Electricity - On Property
•   
Window Features: Screens
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
Heating & Cooling
•   
Has Heating
•   
Heating Details: Central
Flooring
•   
Flooring: Carpet
Interior Size
•   
Building Area Total: 4354.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Assigned, Driveway, Garage, Garage Faces Rear
•   
Garage Spaces: 5.00
Community Info
•   
Road Frontage Type: City Street
•   
Road Surface Type: Paved
•   
Number Of Buildings: 1
•   
Total Units: 4
Property Features
•   
View: Neighborhood
•   
Fencing: Wood
•   
Common Walls: 2+ Common Walls
Building Info
•   
Building Area Units: Square Feet
•   
Roof: Asphalt
•   
Foundation Details: Slab
•   
Stories Total: 2
•   
Num Stories: Two
•   
Year Built Source: Assessor
•   
Construction Materials: Stucco
Lot Info
•   
Lot Features: 2-5 Units/Acre, Cul-De-Sac, Landscaped
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.2200
•   
Lot Size Area: 9583.0000
•   
Lot Size Units: Square Feet
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 4
•   
Utilities: Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
•   
Number Of Separate Gas Meters: 4
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Garage Income: 0.00
•   
Water Sewer Expense: 1868.00
•   
Other Expense Description: TAX
•   
Other Expense: 19500.00
•   
Laundry Income: 0.00
•   
Cap Rate: 4.00
•   
Total Actual Rent: 87600.00
•   
Trash Expense: 2060.00
•   
Insurance Expense: 1961.00
•   
Total Expenses: 27789.00
•   
Gross Scheduled Income: 87600.00
•   
Operating Expense: 25289.00
•   
Gardener Expense: 2400.00
Tax/Assessment Info
•   
Gross Income: 87600.00
•   
Tax Year: 2020
•   
Taxes: 18596.97
Terms
•   
Exclusions: All tenants personal property
Lease Info
•   
Net Operating Income: 59811.00
Listing Info
•   
Status: Active
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 1750.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 1.00
•   
Unit 3 Bathrooms: 2
•   
Unit 3 Total Rent: 21000.00
Unit 2 Information
•   
Unit 2 Actual Rent: 1850.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 2
•   
Unit 2 Garage Spaces: 1.00
•   
Unit 2 Total Rent: 22200.00
Multi Unit Information
•   
Number Wall Ac: 1
•   
# Of Units: 4
•   
Number With Dishwasher: 4
•   
Number Of Units Leased: 4
•   
Number With Disposal: 4
•   
Number With Range: 4
•   
Price Per Unit: 572222
Unit 1 Information
•   
Unit 1 Bedrooms: 3
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 2.00
•   
Unit 1 Bathrooms: 2
•   
Unit 1 Actual Rent: 2225.00
•   
Unit 1 Total Rent: 26700.00
Unit 4 Information
•   
Unit 4 Actual Rent: 1475.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 17700.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Garage Spaces: 1.00
•   
Unit 4 Bedrooms: 2
School Neighborhood & Directions
Location
•   
Community Features: Sidewalks
School Info
•   
Directions: South on Bolsa Chica to McFadden, to Graham, to Cross to Reno
Other
Calculation
•   
Dom: 29
•   
Cdom: 119

Neighborhood snapshot

Flyhomes
California
Orange
Huntington Beach
Huntington Beach
43
Properties for sale
7
Median days on market
$613.27
Median sold price/sqft
102.27%
Sold/List %
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Property History for 5581 Reno Circle

09/27/2021
09/27/2021
CRMLS #OC21214450
active
CRMLS #OC21214450
$2,288,888
+51.58%
02/08/2021
02/08/2021
Public Record
sold
Public Record
$1,510,000
+190.94%
05/15/2017
05/15/2017
Public Record
sold
Public Record
$519,000
--65.63%
02/28/2017
02/28/2017
Public Record
sold
Public Record
$1,510,000
+684.42%
02/17/1995
02/17/1995
Public Record
sold
Public Record
$192,500

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