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1015 Georgia St 5 Unit Apartment Building $2,600,000 ($520,000/Unit) 3.50% Cap Rate Huntington Beach, CA 92648
INVESTMENT HIGHLIGHTS
- Located near downtown Huntington Beach
- Located near downtown restaurants and beach
EXECUTIVE SUMMARY
A rare, well maintained 5 unit multi-family property located near downtown Huntington Beach. This property is currently occupied with great tenants, 4 of which are on leases and one on month to month. There are 3 units with 2 bedrooms, 1 unit that has 3 bedrooms and 1 studio apt. There are 4 single car garages to the front of the building and a separate 2 car garage located to the rear of the property. Each unit is separately metered and the entire property is profesionally managed by a property management company. The property is conveniently located just a short distance to downtown, the pier and the beach.
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
FINANCIAL SUMMARY (ACTUAL - 2022) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$132,314
|
$18.38
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$132,314
|
$18.38
|
| Taxes |
$8,912
|
$1.24
|
| Operating Expenses |
$32,323
|
$4.49
|
| Total Expenses |
$41,235
|
$5.73
|
| Net Operating Income |
$91,079
|
$12.65
|
FINANCIAL SUMMARY (ACTUAL - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $132,314 |
| Annual Per SF | $18.38 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $132,314 |
| Annual Per SF | $18.38 |
| Taxes | |
|---|---|
| Annual | $8,912 |
| Annual Per SF | $1.24 |
| Operating Expenses | |
|---|---|
| Annual | $32,323 |
| Annual Per SF | $4.49 |
| Total Expenses | |
|---|---|
| Annual | $41,235 |
| Annual Per SF | $5.73 |
| Net Operating Income | |
|---|---|
| Annual | $91,079 |
| Annual Per SF | $12.65 |
PROPERTY FACTS
| Price | $2,600,000 | Building Class | C |
| Price Per Unit | $520,000 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 7,200 SF |
| Cap Rate | 3.50% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1978 |
| Property Subtype | Apartment | Parking Ratio | 0.83/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | Multi Family - Multi Family Dwelling | ||
| Price | $2,600,000 |
| Price Per Unit | $520,000 |
| Sale Type | Investment |
| Cap Rate | 3.50% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,200 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1978 |
| Parking Ratio | 0.83/1,000 SF |
| Zoning | Multi Family - Multi Family Dwelling |
AMENITIES
SITE AMENITIES
- Courtyard
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2.5 | 1 | $3,000 | 943 |
| Studios | 1 | $1,650 | 368 |
| 2+1 | 2 | $2,470 | 640 - 710 |
| 2+1.5 | 1 | $2,310 | 872 |
1 1
Walk Score®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 025-173-15 | Total Assessment | $710,565 (2025) |
| Land Assessment | $432,678 (2025) | Annual Taxes | $8,912 ($1.24/SF) |
| Improvements Assessment | $277,887 (2025) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
025-173-15
Land Assessment
$432,678 (2025)
Improvements Assessment
$277,887 (2025)
Total Assessment
$710,565 (2025)
Annual Taxes
$8,912 ($1.24/SF)
Tax Year
2022
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1015 Georgia St
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