We are pleased to present 16932 Lilac Lane, a pride-of-ownership Covington-style fourplex located in a highly desirable residential pocket of Huntington Beach. Built in 1972, the property sits on a large 7,453 square-foot corner lot and totals approximately 4,358 square feet of rentable space, offering spacious layouts averaging over 1,000 square feet per unit - a rare feature for a fourplex in today's market. The property features an excellent and highly functional unit mix, including a spacious single-story 3-bedroom / 2-bathroom owner's unit, two large 2-bedroom / 2-bathroom units, and one 2-bedroom / 1-bathroom unit located above the garages. The 3-bedroom owner's unit includes a fireplace, private patio, and a dedicated two-car garage, making the property especially attractive for owner-occupants seeking rental income or investors targeting high-quality tenants. Each unit benefits from individual gas and electric metering, its own hot water heater, private garage parking, and washer/dryer hookups located in the garages, in addition to an on-site laundry room that provides added convenience and supplemental income potential. Two units have undergone extensive renovations, enhancing long-term rental appeal while still leaving room for future upside. The property is ideally situated on a quiet residential street, just minutes from Bella Terra Shopping Center, restaurants, parks, schools, and major employment hubs. Residents also enjoy easy access to the 405 Freeway, Golden West College, and the Huntington Beach coastline-making this an exceptional long-term investment in one of Southern California's most desirable coastal rental markets.