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18942-18962 Delaware St 10 Unit Apartment Building $5,000,000 ($500,000/Unit) 4.48% Cap Rate Huntington Beach, CA 92648
Investment Highlights
- (8) Three-Bedroom Townhome Floorplans & (2) Studio Units
- Value-Add Opportunity
- Well-Parked with (20) Total Spaces Include (18) Garage & (2) Open
- 1985 Vintage Construction
- Individually Metered for Gas & Electric, All Units Have Private Outdoor Space, & Townhome Units Have Washer/Dryer Hookups
- Strong Huntington Beach Location
Executive Summary
Located at 18942 and 18962 Delaware Street, this rare 10-unit Huntington Beach offering is one of only three properties of its size currently available for sale. 8 of the 10 units are spacious three-bedroom townhomes with direct-access garages. Current rents sit below established market rates, presenting a clear path to growth through natural turnover and targeted interior improvements. Built in 1985 with generous floor plans and superior structural quality, this is a durable asset in one of the most desirable coastal markets.
Property Facts
| Price | $5,000,000 | Property Subtype | Apartment |
| Price Per Unit | $500,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.48 AC |
| Cap Rate | 4.48% | Building Size | 12,596 SF |
| Gross Rent Multiplier | 14.08 | No. Stories | 2 |
| No. Units | 10 | Year Built | 1985 |
| Property Type | Multifamily | Parking Ratio | 1.59/1,000 SF |
| Zoning | RM | ||
| Price | $5,000,000 |
| Price Per Unit | $500,000 |
| Sale Type | Investment |
| Cap Rate | 4.48% |
| Gross Rent Multiplier | 14.08 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.48 AC |
| Building Size | 12,596 SF |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 1.59/1,000 SF |
| Zoning | RM |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $1,855 | 600 |
| 3+2.5 | 8 | $3,058 | 1,425 |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,051,448 | |
| Land Assessment | $329,063 | Total Assessment | $1,380,511 |
Property Taxes
Parcel Numbers
Land Assessment
$329,063
Improvements Assessment
$1,051,448
Total Assessment
$1,380,511
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Contact the Sale Advisor
18942-18962 Delaware St