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Huntington Manor 19131-19161 Delaware St 77 Unit Apartment Building $36,000,000 ($467,532/Unit) 4.50% Cap Rate Huntington Beach, CA 92648
Investment Highlights
- 72 of 77 Units Renovated (2022–2023)
- Desirable Unit Mix: 39 One-Bedroom & 38 Two-Bedroom Units
- Modern Unit Interiors with Quartz Counters, Stainless Appliances & In-Unit Laundry
- Over $2.8M Invested in Interior & Exterior Upgrades
- Large 4.47-Acre Site with 17 Single-Story Buildings
- Value-Add Potential Through ADU Development
Executive Summary
Huntington Manor Homes is an exceptional 77-unit multifamily complex in the heart of vibrant Huntington Beach. Situated across 17 single-story buildings on a spacious 4.47-acre double lot, Huntington Manor offers an excellent mix of one and two-bedroom floor plans and a comprehensive community amenity package that includes a dog park, leasing office, ample carport and surface parking, spacious central courtyards, and an on-site laundry facility.
Current ownership has implemented an in-depth renovation program to revitalize the asset, investing more than $2.8 million across unit interior and exterior upgrades. 72 of the 77 renovated unit interiors feature high-quality finishes including quartz countertops, stainless steel appliances, shaker-style cabinetry, tile backsplashes, vinyl flooring, dual-pane windows, in-unit laundry, and spacious private patios. Additionally, a new owner has the opportunity to capitalize on underutilized community space by converting or creating accessory dwelling units, which would diversify the unit mix and increase potential rental revenue.
With a prime Huntington Beach location, residents of Huntington Manor Homes are at the heart of everything the city offers. The property sits within 0.5 miles of 5 Points Plaza, Seacliff Village, and Newland Shopping Center for daily retail essentials. Additionally, Huntington Manor is within 2 miles of Downtown Huntington Beach, the vibrant city center featuring an abundance of popular restaurants, bars, and retailers, as well as the world-famous Huntington City Beach and Pier. Lastly, Beach Boulevard provides tenants easy access to major employment hubs across Orange County.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
Current ownership has implemented an in-depth renovation program to revitalize the asset, investing more than $2.8 million across unit interior and exterior upgrades. 72 of the 77 renovated unit interiors feature high-quality finishes including quartz countertops, stainless steel appliances, shaker-style cabinetry, tile backsplashes, vinyl flooring, dual-pane windows, in-unit laundry, and spacious private patios. Additionally, a new owner has the opportunity to capitalize on underutilized community space by converting or creating accessory dwelling units, which would diversify the unit mix and increase potential rental revenue.
With a prime Huntington Beach location, residents of Huntington Manor Homes are at the heart of everything the city offers. The property sits within 0.5 miles of 5 Points Plaza, Seacliff Village, and Newland Shopping Center for daily retail essentials. Additionally, Huntington Manor is within 2 miles of Downtown Huntington Beach, the vibrant city center featuring an abundance of popular restaurants, bars, and retailers, as well as the world-famous Huntington City Beach and Pier. Lastly, Beach Boulevard provides tenants easy access to major employment hubs across Orange County.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$2,417,892
|
$43.68
|
| Other Income |
$121,877
|
$2.20
|
| Vacancy Loss |
$72,537
|
$1.31
|
| Effective Gross Income |
$2,467,232
|
$44.58
|
| Taxes |
$395,705
|
$7.15
|
| Operating Expenses |
$450,503
|
$8.14
|
| Total Expenses |
$846,208
|
$15.29
|
| Net Operating Income |
$1,621,024
|
$29.29
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $2,417,892 |
| Annual Per SF | $43.68 |
| Other Income | |
|---|---|
| Annual | $121,877 |
| Annual Per SF | $2.20 |
| Vacancy Loss | |
|---|---|
| Annual | $72,537 |
| Annual Per SF | $1.31 |
| Effective Gross Income | |
|---|---|
| Annual | $2,467,232 |
| Annual Per SF | $44.58 |
| Taxes | |
|---|---|
| Annual | $395,705 |
| Annual Per SF | $7.15 |
| Operating Expenses | |
|---|---|
| Annual | $450,503 |
| Annual Per SF | $8.14 |
| Total Expenses | |
|---|---|
| Annual | $846,208 |
| Annual Per SF | $15.29 |
| Net Operating Income | |
|---|---|
| Annual | $1,621,024 |
| Annual Per SF | $29.29 |
Property Facts
| Price | $36,000,000 | Building Class | B |
| Price Per Unit | $467,532 | Lot Size | 4.47 AC |
| Sale Type | Investment | Building Size | 55,350 SF |
| Cap Rate | 4.50% | Average Occupancy | 100% |
| Gross Rent Multiplier | 14.17 | No. Stories | 1 |
| No. Units | 77 | Year Built/Renovated | 1943/2023 |
| Property Type | Multifamily | Tenancy | Single |
| Property Subtype | Apartment | Parking Ratio | 2.44/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | RM - Residential | ||
| Price | $36,000,000 |
| Price Per Unit | $467,532 |
| Sale Type | Investment |
| Cap Rate | 4.50% |
| Gross Rent Multiplier | 14.17 |
| No. Units | 77 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 4.47 AC |
| Building Size | 55,350 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1943/2023 |
| Tenancy | Single |
| Parking Ratio | 2.44/1,000 SF |
| Zoning | RM - Residential |
Amenities
Unit Amenities
- Granite Countertops
- Stainless Steel Appliances
- Double Pane Windows
- Patio
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Property Manager on Site
- Tenant Controlled HVAC
- Pet Play Area
- Maintenance on site
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 39 | - | 670 |
| 2+1 | 38 | - | 805 |
1 1
Walk Score®
Very Walkable (75)
Bike Score®
Very Bikeable (81)
Property Taxes
| Parcel Numbers | Total Assessment | $29,713,823 (2025) | |
| Land Assessment | $27,791,412 (2025) | Annual Taxes | $395,705 ($7.15/SF) |
| Improvements Assessment | $1,922,411 (2025) | Tax Year | 2026 Payable 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$27,791,412 (2025)
Improvements Assessment
$1,922,411 (2025)
Total Assessment
$29,713,823 (2025)
Annual Taxes
$395,705 ($7.15/SF)
Tax Year
2026 Payable 2026
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Huntington Manor | 19131-19161 Delaware St
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