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1015 Georgia St 5 Unit Apartment Building $2,600,000 ($520,000/Unit) 4.27% Cap Rate Huntington Beach, CA 92648
Investment Highlights
- Entire exterior freshly painted - May 2026
- New Roof on All Structures- April 2026
- 4 New Single Car Garage Doors
- Fumigated and Section 1 Clearance- March 2026
- New Milgard Windows and Sliders on Main Structure
- Minutes to downtown Huntington Beach
Executive Summary
A rare, well maintained 5 unit multi-family property located near downtown Huntington Beach. Completed May 2026, the property has a new roof, fumigated for termite and section 1 item clearance, freshly painted exterior, and all new Milgard windows and sliders to the front main structure. There is one 3 bedroom unit, three 2 bedrooms units and , one studio. 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. The property is conveniently located just a short distance to downtown, Pacific City, nearby stores, restaurants, and the beautiful beach and Huntington Beach pier. This is a property you won't want to miss.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$144,100
|
$20.01
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$144,100
|
$20.01
|
| Taxes |
$9,195
|
$1.28
|
| Operating Expenses |
$25,392
|
$3.53
|
| Total Expenses |
$34,587
|
$4.80
|
| Net Operating Income |
$109,513
|
$15.21
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $144,100 |
| Annual Per SF | $20.01 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $144,100 |
| Annual Per SF | $20.01 |
| Taxes | |
|---|---|
| Annual | $9,195 |
| Annual Per SF | $1.28 |
| Operating Expenses | |
|---|---|
| Annual | $25,392 |
| Annual Per SF | $3.53 |
| Total Expenses | |
|---|---|
| Annual | $34,587 |
| Annual Per SF | $4.80 |
| Net Operating Income | |
|---|---|
| Annual | $109,513 |
| Annual Per SF | $15.21 |
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 | 4.27% | 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 | 4.27% |
| 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 | $3,275 | 943 |
| Studios | 1 | $1,675 | 368 |
| 2+1 | 2 | $2,470 | 640 - 710 |
| 2+1.5 | 1 | $2,650 | 872 |
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Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 025-173-15 | Total Assessment | $710,565 |
| Land Assessment | $432,678 | Annual Taxes | $9,195 ($1.28/SF) |
| Improvements Assessment | $277,887 | Tax Year | 2025 |
Property Taxes
Parcel Number
025-173-15
Land Assessment
$432,678
Improvements Assessment
$277,887
Total Assessment
$710,565
Annual Taxes
$9,195 ($1.28/SF)
Tax Year
2025
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
1015 Georgia St