Log In/Sign Up
Your email has been sent.
Huntington Terrace North 18700 Florida St 81 Unit Apartment Building $27,650,000 ($341,358/Unit) 4.69% Cap Rate Huntington Beach, CA 92648
Investment Highlights
- 55+ Apartment Community Constructed in 1988
- Well-Maintained Asset with Desirable Mix of 1 & 2 Bedroom Units
- Abundance of Amenities Including Gym, Spa, & Rec Room
- Excellent Huntington Beach Location, Minutes from the Beach
- Approximate 5% Cap Rate on Current Income, Almost 6% on Market
Executive Summary
We are pleased to present Huntington Terrace North Senior Apartments, an 81-unit 55+ apartment community in Huntington Beach, CA. The property was constructed in 1988 and features amenities such as a reception desk, lobby, recreation room, exercise room, library, spa, manager’s office, a beautifully landscaped courtyard, and much more. The building features a desirable mix of 1- and 2-bedroom units, each offering energy-efficient air conditioning, electric cooking, laminate wood floors (select units), walk-in closets, and patios & balconies. With a cap rate of approximately 5% on current rents and the potential to reach nearly 6% at market rents, the offering offers strong in-place cash flow with upside in rents. This is an opportunity to purchase a well-maintained, pride-of-ownership asset in an excellent Coastal Orange County location minutes from the beach.
Property Facts
| Price | $27,650,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $341,358 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.03 AC |
| Cap Rate | 4.69% | Building Size | 61,228 SF |
| Gross Rent Multiplier | 13.23 | No. Stories | 4 |
| No. Units | 81 | Year Built | 1988 |
| Property Type | Multifamily | Parking Ratio | 0.51/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | SP14 - Specific Plan | ||
| Price | $27,650,000 |
| Price Per Unit | $341,358 |
| Sale Type | Investment |
| Cap Rate | 4.69% |
| Gross Rent Multiplier | 13.23 |
| No. Units | 81 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 1.03 AC |
| Building Size | 61,228 SF |
| No. Stories | 4 |
| Year Built | 1988 |
| Parking Ratio | 0.51/1,000 SF |
| Zoning | SP14 - Specific Plan |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Freezer
- Patio
- Window Coverings
Site Amenities
- 24 Hour Access
- Controlled Access
- Clubhouse
- Courtyard
- Fitness Center
- Laundry Facilities
- Picnic Area
- Pool
- Property Manager on Site
- Spa
- Tenant Controlled HVAC
- Gated
- Grill
- Renters Insurance Program
- Elevator
- Maintenance on site
- Multi Use Room
- Online Services
- Zen Garden
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $1,594 | 505 |
| 1+1 | 62 | $2,017 | 675 |
| 2+1 | 7 | $2,276 | 840 |
| 2+2 | 10 | $2,384 | 910 |
1 1
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (74)
Property Taxes
| Parcel Number | 159-102-45 | Improvements Assessment | $4,421,700 |
| Land Assessment | $21,848,400 | Total Assessment | $26,270,100 |
Property Taxes
Parcel Number
159-102-45
Land Assessment
$21,848,400
Improvements Assessment
$4,421,700
Total Assessment
$26,270,100
1 of 24
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Huntington Terrace North | 18700 Florida St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.