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18441 Patterson Ln 3 Unit Apartment Building $1,699,000 ($566,333/Unit) 3.77% Cap Rate Huntington Beach, CA 92646
INVESTMENT HIGHLIGHTS
- Coastal Turnkey Tri-Plex
- The Average Cost to Own a Home in this area is 4X the Cost of Rent
- All 2 Bedroom Units
- Strong Demographics – The Median household income for this area is$119,885+
EXECUTIVE SUMMARY
Rare Turnkey Coastal triplex at an attractive price point. Features (1) 2-bed/2-bath townhouse, (1) 2-bed/1-bath townhouse, and (1) 2-bed/1-bath house with large front yard. All units include private outdoor space. Ideal for owner-user or investor with strong rental upside. Located in a high-income area (median HH income: $119,885+), offering long-term growth and stable demand.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $1,699,000 | Property Subtype | Apartment |
| Price Per Unit | $566,333 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 2,640 SF |
| Cap Rate | 3.77% | Average Occupancy | 100% |
| Gross Rent Multiplier | 17.09 | No. Stories | 2 |
| No. Units | 3 | Year Built | 1979 |
| Property Type | Multifamily | Parking Ratio | 1.14/1,000 SF |
| Zoning | RM - Residential Medium Density | ||
| Price | $1,699,000 |
| Price Per Unit | $566,333 |
| Sale Type | Investment |
| Cap Rate | 3.77% |
| Gross Rent Multiplier | 17.09 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.15 AC |
| Building Size | 2,640 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 1.14/1,000 SF |
| Zoning | RM - Residential Medium Density |
AMENITIES
UNIT AMENITIES
- Patio
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | $2,742 | 875 |
| 2+2 | 1 | $2,750 | 900 |
1 1
Walk Score®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 157-341-11 | Improvements Assessment | $116,813 |
| Land Assessment | $1,248,580 | Total Assessment | $1,365,393 |
PROPERTY TAXES
Parcel Number
157-341-11
Land Assessment
$1,248,580
Improvements Assessment
$116,813
Total Assessment
$1,365,393
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18441 Patterson Ln
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