Property Overview

Property Facts

  • Price $3,150,000
  • Units 6+1
  • Price Per Unit $450,000
  • Building Size (SF) 6,144
  • Current CAP Rate 3.87%
  • Lot Size (AC) 0.19
  • Current GIM 16.53
  • Year Built 1984
  • APN 178-261-05
  • Property Type Multifamily

The Offering

The Leeson Group of Marcus & Millichap is pleased to present the offering for 16922 Lynn Lane, a 6+1 unit multifamily property located in a highly desirable Huntington Harbour submarket of Huntington Beach, California. The property features a diverse unit mix, including a rare townhouse-style layout, and benefits from private outdoor space for every unit along with tuck-under parking.

The unit mix consists of three 1-bed/1-bath units, two 1-bed/1.5-bath townhouse units, one 2-bed/2-bath unit, and one non-conforming 1-bed/1-bath unit. Select top-floor units feature vaulted ceilings, while all units include private patios or balconies, enhancing tenant appeal in this coastal-oriented market.

The 2-bedroom unit has been renovated and showcases upgraded finishes including tile and vinyl flooring, an enhanced kitchen with built-in oven/range, range hood, and dishwasher, as well as central air conditioning and in-unit laundry, amenities not currently offered in the remaining units. The balance of the units utilize a community laundry facility, presenting a clear value-add opportunity through interior upgrades and amenity expansion.

Situated just steps from Huntington Harbour, walkable retail, and coastal recreation, 16922 Lynn Lane offers investors the opportunity to acquire a well-located asset with strong long-term fundamentals and meaningful upside through continued interior renovations in one of Huntington Beach’s most sought-after residential pockets.

Investment Highlights

The unit mix includes 1-bed/1-bath units, 1-bed/1.5-bath townhouse-style residences, and a 2-bed/2-bath unit, supporting broad tenant demand while offering differentiated layouts uncommon in smaller Huntington Beach multifamily properties.

The renovated 2-bed/2-bath unit demonstrates the rental and lifestyle upside achievable through interior upgrades, featuring upgraded finishes, central air conditioning, and in-unit laundry. This upgraded unit establishes a clear benchmark for future improvements across the remaining units.

All units feature private patios or balconies, a highly sought-after amenity in coastal markets. Current ownership has invested over $100,000 in balcony improvements to achieve SB 721 compliance, reducing near-term capital exposure for new ownership.

The property includes 10 tuck-under parking spaces, providing convenient covered parking for residents and enhancing overall marketability.
Residents benefit from walkable access to the Trader Joe’s anchored Huntington Harbour Mall, providing convenient access to grocery, dining, and neighborhood-serving retail that supports everyday livability and tenant retention.

Residents enjoy walkable access to Huntington Harbour and the Bolsa Chica Wetlands, providing scenic walking paths, water views, and outdoor recreation opportunities that are uncommon for multifamily properties in the area.

The property is situated a short drive from Sunset Beach and Bolsa Chica State Beach, two of the area’s most desirable coastal destinations. Nearby beach access is a major driver of renter demand, offering year-round recreation, outdoor amenities, and a true coastal lifestyle that supports long-term tenancy.

Located just over one mile from Pacific Coast Highway, the property offers direct connectivity to surrounding coastal communities including Sunset Beach, Seal Beach, and central Huntington Beach, allowing residents to easily access employment hubs, retail corridors, and lifestyle destinations along the coast.

Team

Tyler Leeson

Tyler Leeson

Executive Managing Director
CA 01451551
Matthew Kipp

Matthew Kipp

Senior Managing Director
CA 01364032
Tommy Jara

Tommy Jara