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17431 Koledo, Huntington Beach, California 92647, Huntington Beach, 92647 - bed, bath

17431 Koledo, Huntington Beach, California 92647 home-pic-0
ACTIVE$1,949,000
17431 Koledo, Huntington Beach, California 92647
0Bed
0Bath
4,734Sqft
10,472Lot
Year Built
1964
Close
-
List price
$1.95M
Original List price
$1.95M
Price/Sqft
$412
HOA
-
Days on market
-
Sold On
-
MLS number
OC25261967
Home ConditionPoor
Features
View-

About this home

We found 4 Cons,5 Pros. Rank: price - $1.95M(50th), sqft - 4734(50th), beds - undefined(50th), baths - undefined(50th).

Rare investment opportunity on a quiet cul-de-sac in Huntington Beach. This five-unit apartment building features two-bedroom, two-bathroom units with spacious layouts, balconies, and abundant natural light. Tenants enjoy access to an on-site laundry facility, while each unit is individually metered for gas and electricity, keeping operating expenses low. The property offers 5 single-car garages, 2 surface parking spaces, plus additional community and street parking. Owner responsibilities are minimal, covering only water and a small HOA fee for trash and landscaping. Recent updates include a partial roof replacement. With potential to capture over 15% rental upside through renovations, this property is ideal for investors seeking strong long-term fundamentals in the Huntington Beach multifamily market.

Nearby schools

4/10
Oak View Elementary School
Public,•K-5•0.2mi
5/10
Golden View Elementary School
Public,•K-5•1.0mi
8/10
Hope View Elementary School
Public,•K-5•1.5mi
8/10
Mesa View Middle School
Public,•6-8•1.0mi
6/10
Marine View Middle School
Public,•6-8•2.1mi
5/10
Ocean View High School
Public,•9-12•0.6mi

Price History

Date
Event
Price
11/18/25
Listing
$1,949,000
05/13/05
Sold
$1,037,000
03/31/04
Sold
$800,000
Condition Rating
Poor
Built in 1964, this property is 60 years old with no evidence of major renovations in the last 30-50 years, other than a partial roof replacement. The listing explicitly states that 'substantial renovations' and 'significant capital expenditures' are needed for plumbing, electrical, and other major systems to modernize the asset and achieve rental upside. The exterior images show a dated appearance, and the lack of interior photos, combined with the description, strongly suggests that kitchens and bathrooms are severely outdated and require full rehabilitation. This aligns with the 'Poor' condition criteria, indicating a need for substantial repairs and rehabilitation of major components.
Pros & Cons

Pros

Multifamily Investment Opportunity: This property is explicitly marketed as a rare investment opportunity, ideal for investors seeking strong long-term fundamentals in the Huntington Beach multifamily market.
Significant Rental Upside Potential: There is a clear potential to capture over 15% rental upside through renovations, indicating a value-add opportunity for increased cash flow and appreciation.
Desirable Coastal Location: Situated on a quiet cul-de-sac in Huntington Beach, a highly sought-after coastal city, which enhances tenant demand and property value.
Low Owner Operating Expenses: Units are individually metered for gas and electricity, significantly reducing the owner's utility responsibilities, with minimal owner costs for water and a small HOA fee for trash/landscaping.
Spacious Units & Ample Parking: The property features five two-bedroom, two-bathroom units with spacious layouts, balconies, abundant natural light, and generous parking including 5 single-car garages, 2 surface spaces, and additional street parking.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10472, other record lot size in square feet = 9903. Living area discrepancy between mls listing and other public or private record. mls listing living area = 4734, other record living area = 3585.
Age of Property & Potential Capital Expenditures: Built in 1964, the property's age suggests potential for significant capital expenditures beyond the partial roof replacement, including updates to plumbing, electrical, and other major systems to modernize and maintain the asset.
Required Renovation Investment: Achieving the stated 15% rental upside necessitates substantial renovations, implying a significant upfront capital investment and project management effort for the new owner.
Unspecified HVAC Systems: The property description does not mention modern HVAC systems (e.g., central air conditioning), which, given the 1964 build, could be a missing amenity that tenants expect and may require future investment to install.

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