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6172 Warner Ave

4 Unit Apartment Building $2,805,768 CAD ($701,442 CAD/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).*

Financial Summary (Actual - 2024)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $157,798 $40.23
Other Income $1,406 $0.36
Vacancy Loss $4,734 $1.21
Effective Gross Income $154,471 $39.39
Taxes $30,654 $7.82
Operating Expenses $20,304 $5.18
Total Expenses $50,958 $12.99
Net Operating Income $103,512 $26.39

Financial Summary (Actual - 2024)

Gross Rental Income (CAD)
Annual $157,798
Annual Per SF $40.23
Other Income (CAD)
Annual $1,406
Annual Per SF $0.36
Vacancy Loss (CAD)
Annual $4,734
Annual Per SF $1.21
Effective Gross Income (CAD)
Annual $154,471
Annual Per SF $39.39
Taxes (CAD)
Annual $30,654
Annual Per SF $7.82
Operating Expenses (CAD)
Annual $20,304
Annual Per SF $5.18
Total Expenses (CAD)
Annual $50,958
Annual Per SF $12.99
Net Operating Income (CAD)
Annual $103,512
Annual Per SF $26.39

Property Facts In Escrow

Price $2,805,768 CAD
Price Per Unit $701,442 CAD
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
Bike Score ®
Very Bikeable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
110-401-19
Land Assessment
$452,717 CAD (2023)
Improvements Assessment
$322,166 CAD (2023)
Total Assessment
$774,883 CAD (2023)
Annual Taxes
$30,654 CAD ($7.82 CAD/SF)
Tax Year
2024 Payable 2024
  • Listing ID: 33170365

  • Date on Market: 2024-09-13

  • Last Updated:

  • Address: 6172 Warner Ave, Huntington Beach, CA 92647

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