REMARKS
1170 Huntington Drive represents a very rare offering; available For Sale for the first time in twenty-three years, this 20-unit multi-family asset, originally built in 1956, consistently benefits fro 100% occupancy and features a favorable unit mix of spacious and bright one and two bedroom units. The R3-zoned lot sprawls 25,262 square feet and sits proudly on a prominent corner location, close to endless lifestyle, shopping and dining amenities.
Nine one-bedroom, one-bathroom units, and eleven two-bedroom, one-bathroom units are spread throughout the two-story, center courtyard designed building, featuring a large swimmer’s pool and sun-filled decks in the middle. Many of the units are tastefully updated with modern touches and desirable aesthetics. Professionally managed, the asset features separate utility meters, parking and additional storage for all residents, a common-are laundry room and open-air walkways. An investor can benefit from approximately 2-% upside in rents, allowing for accelerated future growth and a value-add opportunity.
