6172 Warner Ave
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6172 Warner Ave
4 Unit Apartment Building $1,995,000 ($498,750/Unit) 3.69% Cap Rate Huntington Beach, CA 92647
Investment Highlights
- Offers a Diverse Mix of One, Two, & Three-Bedroom Floor Plans
- Ample Garage & Surface Parking: 6 Total Parking Spaces
- Within a 0.60-Mile Radius of an Abundance of Retail Amenities at Warner-Dale Square, Warner Center, Goldenwest & Warner Shopping Center, & More
- Each Unit Features a Private Patio or Balcony | Features an On-Site Laundry Facility
- Excellent Huntington Beach Location, in Close Proximity to a Plethora of Parks & Schools
- Just Over 1.75 Miles from Bella Terra, a Nearly 850,000 Square Foot Mall with Over 100 Stores & Services
Executive Summary
The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 6172 Warner Avenue, a 4-unit multifamily investment property located in Huntington Beach, CA.
Built in 1968, 6172 Warner Avenue offers a diverse mix of one, two, and three-bedroom units. Resident’s benefit from the property’s desirable amenities including private patios/balconies, ample garage and surface parking, and an on-site laundry facility.
6172 Warner Avenue is situated in a highly desirable Huntington Beach location, just over 2 miles from Bolsa Chica State Beach and the Huntington Harbour, providing residents convenient access to a multitude of outdoor activities. The property benefits from its close proximity to an abundance of retail centers, providing residents easy access to everyday needs. Additionally, 6172 Warner Avenue is just over 1.75 miles from Bella Terra, a shopping mall with over 100 stores and services, providing residents access to a plethora of retail, dinging, and entertainment options. Furthermore, the property is 2.25 miles from the Beach Boulevard and Interstate 405 interchange, connecting residents to employment hubs throughout Southern California.
The property’s ideal Huntington Beach location surrounded by an abundance of recreational and retail amenities are a primary draw for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at 6172 Warner Avenue.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
Built in 1968, 6172 Warner Avenue offers a diverse mix of one, two, and three-bedroom units. Resident’s benefit from the property’s desirable amenities including private patios/balconies, ample garage and surface parking, and an on-site laundry facility.
6172 Warner Avenue is situated in a highly desirable Huntington Beach location, just over 2 miles from Bolsa Chica State Beach and the Huntington Harbour, providing residents convenient access to a multitude of outdoor activities. The property benefits from its close proximity to an abundance of retail centers, providing residents easy access to everyday needs. Additionally, 6172 Warner Avenue is just over 1.75 miles from Bella Terra, a shopping mall with over 100 stores and services, providing residents access to a plethora of retail, dinging, and entertainment options. Furthermore, the property is 2.25 miles from the Beach Boulevard and Interstate 405 interchange, connecting residents to employment hubs throughout Southern California.
The property’s ideal Huntington Beach location surrounded by an abundance of recreational and retail amenities are a primary draw for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at 6172 Warner Avenue.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$112,200
|
$28.61
|
| Other Income |
$1,000
|
$0.25
|
| Vacancy Loss |
$3,366
|
$0.86
|
| Effective Gross Income |
$109,834
|
$28.00
|
| Taxes |
$21,796
|
$5.56
|
| Operating Expenses |
$14,437
|
$3.68
|
| Total Expenses |
$36,233
|
$9.24
|
| Net Operating Income |
$73,601
|
$18.77
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $112,200 |
| Annual Per SF | $28.61 |
| Other Income | |
|---|---|
| Annual | $1,000 |
| Annual Per SF | $0.25 |
| Vacancy Loss | |
|---|---|
| Annual | $3,366 |
| Annual Per SF | $0.86 |
| Effective Gross Income | |
|---|---|
| Annual | $109,834 |
| Annual Per SF | $28.00 |
| Taxes | |
|---|---|
| Annual | $21,796 |
| Annual Per SF | $5.56 |
| Operating Expenses | |
|---|---|
| Annual | $14,437 |
| Annual Per SF | $3.68 |
| Total Expenses | |
|---|---|
| Annual | $36,233 |
| Annual Per SF | $9.24 |
| Net Operating Income | |
|---|---|
| Annual | $73,601 |
| Annual Per SF | $18.77 |
Property Facts In Escrow
| Price | $1,995,000 | Apartment Style | Garden |
| Price Per Unit | $498,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 3.69% | Building Size | 3,922 SF |
| Gross Rent Multiplier | 17.62 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1968 |
| Property Type | Multifamily | Parking Ratio | 1.53/1,000 SF |
| Property Subtype | Apartment |
| Price | $1,995,000 |
| Price Per Unit | $498,750 |
| Sale Type | Investment |
| Cap Rate | 3.69% |
| Gross Rent Multiplier | 17.62 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,922 SF |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 1.53/1,000 SF |
Unit Amenities
- Balcony
- Patio
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 700 |
| 2+2 | 2 | - | 950 |
| 3+2 | 1 | - | 1,322 |
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Bike Score ®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 110-401-19 | Total Assessment | $549,340 (2023) |
| Land Assessment | $320,946 (2023) | Annual Taxes | $21,796 ($5.56/SF) |
| Improvements Assessment | $228,394 (2023) | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
110-401-19
Land Assessment
$320,946 (2023)
Improvements Assessment
$228,394 (2023)
Total Assessment
$549,340 (2023)
Annual Taxes
$21,796 ($5.56/SF)
Tax Year
2024 Payable 2024
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Tyler Leeson -
Nick Kazemi -
Evan Gray -
Marcus & Millichap
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6172 Warner Ave
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