4822 Neely Circle, Huntington Beach, California 92649, Huntington Beach, - bed, bath

home-pic
ACTIVE$2,295,000
4822 Neely Circle, Huntington Beach, California 92649
0Bed
0Bath
4,300Sqft
8,125Lot
Year Built
1977
Close
-
List price
$2.29M
Original List price
$2.29M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25231509
Home ConditionExcellent
Features
Good View:
Deck
Patio
View-

About this home

Don't miss this rare, high-potential investment opportunity to own a beautifully updated, 4-unit property in the highly desirable Huntington Beach Harbour, located just steps from the ocean and next to a peaceful park. This quiet, well-maintained complex features an excellent mix—a spacious 3-bed/2.5-bath unit, two 2-bed/2-bath units with balconies, and a 1-bed/1-bath unit with private patio —all supported by high-value recent upgrades including new building-wide plumbing, fresh paint, interior improvements, and termite treatment. All units are currently leased (Section 8), generating strong immediate income, with leases expiring in March, May, and October 2026 and one already Month-to-Month (MTM), offering a clear and immediate path to increase returns toward market rents, which reach $4,200 for 3-beds, $3,200 for 2-bed, and $2,200 for 1-bed, positioning this property as a fantastic income-generating asset in a prime coastal location with five covered garage spaces and on-site laundry.

Price History

Date
Event
Price
10/02/25
Listing
$2,295,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (4 Listings)
Beds00
Baths00
Square foot4,3004,717
20%
Lot Size8,1258,125
50%
Price$2.29M$2.25M
60%
Price per square foot$534$468
80%
Built year19771977
50%
HOA
Days on market34158
20%
Condition Rating
Excellent

This quadruplex, built in 1977, has undergone extensive recent renovations as stated in the description ('beautifully updated... high-value recent upgrades including new building-wide plumbing, fresh paint, interior improvements, and termite treatment'). The images confirm these upgrades, showcasing modern white shaker cabinets, light quartz countertops, white subway tile backsplashes, and new stainless steel appliances (refrigerators, ranges, microwaves, dishwashers) in all kitchens. Bathrooms feature new vanities, modern fixtures, and updated tile work. Throughout the units, there is consistent new dark grey wood-look laminate flooring, fresh paint, and modern baseboards. The overall aesthetic is clean, contemporary, and move-in ready, indicating minimal physical depreciation and meeting current quality standards. While the building's original construction year is 1977, the comprehensive interior and system renovations place it firmly in the 'excellent' category, as it has been extensively renovated within the last 5 years.
Pros & Cons

Pros

Prime Coastal Location: The property is situated in the highly desirable Huntington Beach Harbour, just steps from the ocean and adjacent to a peaceful park, offering significant appeal and potential for appreciation.
Strong Income & Upside Potential: All four units are currently leased (Section 8) generating immediate income, with staggered lease expirations (including one MTM) providing a clear and immediate path to increase returns to market rents.
Recent Capital Improvements: High-value recent upgrades, including new building-wide plumbing, fresh paint, interior improvements, and termite treatment, reduce immediate capital expenditure concerns for a new owner.
Diverse Unit Mix: The complex features an excellent mix of units (3-bed, two 2-bed, and 1-bed), catering to a broader tenant demographic and maximizing occupancy potential.
Valuable On-Site Amenities: The property includes five covered garage spaces and on-site laundry, enhancing tenant convenience and desirability, which can command higher rents.

Cons

Age of Property: Built in 1977, despite recent upgrades, the property's age may still imply potential for unforeseen maintenance issues or require further capital expenditures on non-upgraded systems in the long term.
Tenant Transition Risk: While there's a clear path to market rents, transitioning existing Section 8 tenants to higher market rates upon lease expiration may involve vacancy periods, negotiation challenges, or tenant turnover costs.
No Mention of Cooling System: The property description does not mention a cooling system (e.g., air conditioning), which could be a drawback for some tenants, especially during warmer months, potentially limiting the tenant pool or rent ceiling.

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