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.

Highlights:

- 6 units, built 1975, renovated 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

Offered directly by Ownership. Buyer's brokers welcome.

Price: $3,150,000 ($525,000 per unit)

Current cap rate: 3.85%

Pro forma cap rate: 4.16%

Units: 6

Occupancy: 100%