Harbour Townhomes | 16592 Jib Cir
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Harbour Townhomes 16592 Jib Cir
3 Unit Apartment Building $2,650,000 ($883,333/Unit) 3.75% Cap Rate Huntington Beach, CA 92649
Investment Highlights
- Immaculately Maintained Property
- Direct-Access 2-Car Garages
- Exceptional Huntington Harbour Location
- All 3-Bedroom Townhouse-Style Units, Averaging ±1,400 Sq.Ft.
- 1987 Construction
Executive Summary
Morgan Skenderian is pleased to present the Harbour Townhomes, a truly distinct 3-unit apartment complex in the highly sought-after Harbour area of Huntington Beach, located at 16592 Jib Circle. Built in 1987, the property has been impeccably maintained and upgraded by the same hands-on owner for years. Unit interiors feature renovated kitchens and bathrooms, newer flooring and fixtures, washer/dryer hookups, and vaulted ceilings in the bedrooms. Each unit also has a direct-access 2-car garage, a balcony off the master bedroom, and a large patio. A new roof and new rain gutters were installed in 2024, and the exterior paint and landscaping have been freshened up. Additionally, the balconies were resurfaced and weatherproofed as part of SB-721 compliance. This is the epitome of a pride-of-ownership asset, and one that you don’t want to miss!
Jib Circle’s location offers close proximity to innumerable amenities and necessities, including Harbour View Elementary School, Trader Joe’s, The Home Depot, Meadowlark Golf Course, several biking and walking trailheads, and quick beach access. Furthermore, major employment centers are less than 2 miles away, such as Amazon, Boeing, Epson, and myriad small businesses in the Bolsa Business Center.
Jib Circle’s location offers close proximity to innumerable amenities and necessities, including Harbour View Elementary School, Trader Joe’s, The Home Depot, Meadowlark Golf Course, several biking and walking trailheads, and quick beach access. Furthermore, major employment centers are less than 2 miles away, such as Amazon, Boeing, Epson, and myriad small businesses in the Bolsa Business Center.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$147,600
|
$35.29
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,428
|
$1.06
|
| Effective Gross Income |
$143,172
|
$34.24
|
| Taxes |
$29,734
|
$7.11
|
| Operating Expenses |
$14,173
|
$3.39
|
| Total Expenses |
$43,907
|
$10.50
|
| Net Operating Income |
$99,265
|
$23.74
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $147,600 |
| Annual Per SF | $35.29 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $4,428 |
| Annual Per SF | $1.06 |
| Effective Gross Income | |
|---|---|
| Annual | $143,172 |
| Annual Per SF | $34.24 |
| Taxes | |
|---|---|
| Annual | $29,734 |
| Annual Per SF | $7.11 |
| Operating Expenses | |
|---|---|
| Annual | $14,173 |
| Annual Per SF | $3.39 |
| Total Expenses | |
|---|---|
| Annual | $43,907 |
| Annual Per SF | $10.50 |
| Net Operating Income | |
|---|---|
| Annual | $99,265 |
| Annual Per SF | $23.74 |
Property Facts
| Price | $2,650,000 | Apartment Style | Garden |
| Price Per Unit | $883,333 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 4,182 SF |
| Cap Rate | 3.75% | Average Occupancy | 100% |
| Gross Rent Multiplier | 17.95 | No. Stories | 2 |
| No. Units | 3 | Year Built | 1987 |
| Property Type | Multifamily | Parking Ratio | 1.91/1,000 SF |
| Property Subtype | Apartment |
| Price | $2,650,000 |
| Price Per Unit | $883,333 |
| Sale Type | Investment |
| Cap Rate | 3.75% |
| Gross Rent Multiplier | 17.95 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.15 AC |
| Building Size | 4,182 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1987 |
| Parking Ratio | 1.91/1,000 SF |
Unit Amenities
- Balcony
- Washer/Dryer Hookup
- Vaulted Ceiling
- Walk-In Closets
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 3 | $4,100 | 1,394 |
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Walk Score ®
Very Walkable (71)
Bike Score ®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 178-222-34 | Total Assessment | $803,541 |
| Land Assessment | $455,949 | Annual Taxes | $29,734 ($7.11/SF) |
| Improvements Assessment | $347,592 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
178-222-34
Land Assessment
$455,949
Improvements Assessment
$347,592
Total Assessment
$803,541
Annual Taxes
$29,734 ($7.11/SF)
Tax Year
2023
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Harbour Townhomes | 16592 Jib Cir
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