4931 Charlene Circle

Description:

Charlene Circle has completed all planned interior and exterior capital improvement projects and is now operating as a fully renovated, stabilized asset. The 6-unit property is currently 100% occupied, reflecting strong demand for well-maintained rental housing in the Huntington Beach market.

A property management transition was successfully implemented in February 2026, with operations continuing smoothly throughout the change. The property's leasing performance has remained strong, with a newly executed lease establishing a market rental rate of $3,650 per month for a three-bedroom, two-bath unit, an 11.34% increase over the previous rent of $3,278 per month. This new benchmark demonstrates the property's ability to capture rental growth following its renovation program and supports continued revenue growth as future lease renewals occur.

PROPERTY BENEFITS
▪ 6 units, built 1975 and renovated in 2019 (turnkey)
▪ 4,558 SF building, 100% occupied
▪ Huntington Harbour coastal submarket
▪ Private patios / balconies
▪ Close proximity to beaches and Huntington Beach's vibrant cultural scene
▪ $3,150,000 price: $525,000/unit, 3.85% current cap rate, 4.16% pro forma cap rate

Offered directly by Ownership. Buyer's brokers welcome.