16805 Roosevelt Ln, Huntington Beach, CA 92649

Property Description

We are pleased to offer the opportunity to acquire 16805 Roosevelt Lane, a spacious and well-maintained four-unit apartment building located on a quiet cul-de-sac in a desirable Huntington Beach neighborhood. Built in 1988, this pride-of-ownership property offers an exceptional unit mix of two (2) three-bedroom, two-bathroom + loft units and two (2) two-bedroom, two-bathroom units - averaging over 1,300 square feet - with ample on-site parking, including four (4) single-car garages and four (4) designated surface spaces. Each unit features generous layouts with private patios or balconies, fireplaces, vaulted ceilings (in 3-bedroom units), abundant natural light, and washer/dryer hookups, creating an appealing and comfortable living environment for tenants. The property is individually metered for gas and electricity, with tenants responsible for their own utilities, limiting landlord expenses to water, sewer, trash, and common area electricity. In the last five years, three units have been renovated with updated kitchens, bathrooms, and flooring, while recent capital improvements include new electrical subpanels and individual water heaters installed within the past year. This rare opportunity allows an investor to secure immediate cash flow while benefiting from future upside and predictable rent growth under California's AB-1482 rent control (5% + CPI). Located near Bolsa Chica Street and Pearce Drive, the property enjoys proximity to shopping centers, restaurants, grocery stores, and entertainment.