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517 Walnut Ave 10 Unit Apartment Building $5,995,000 ($599,500/Unit) 5.02% Cap Rate Huntington Beach, CA 92648
INVESTMENT HIGHLIGHTS
- (7) Units, (1) SFR & (2) Retail Spaces
- Partially Historical - 2 of the 4 Lots Contain Historical Buildings Listed in the California and National Registries, Built 1940, 1904 & 1880
- Desirable Coastal Location (Walk Score: 90)
- First Time Property Has Been Offered for Sale
- Redevelopment/Restoration Opportunity
EXECUTIVE SUMMARY
Rare mixed-use investment opportunity in the heart of Downtown Huntington Beach. Spanning four contiguous lots totaling approximately 12,500 SF, the property features (7) apartment units, (1) single-family home, and (2) retail spaces across three buildings. Two parcels include historically designated structures. Just steps from the beach and the Huntington Beach Pier, 517 Walnut Avenue offers exceptional long-term value and repositioning potential in a premier coastal market.
PROPERTY FACTS
| Price | $5,995,000 | Apartment Style | Low-Rise |
| Price Per Unit | $599,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 5.02% | Building Size | 8,774 SF |
| Gross Rent Multiplier | 14.06 | No. Stories | 2 |
| No. Units | 10 | Year Built | 1880 |
| Property Type | Multifamily | Parking Ratio | 0.46/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | SP - Specific Plan | ||
| Price | $5,995,000 |
| Price Per Unit | $599,500 |
| Sale Type | Investment |
| Cap Rate | 5.02% |
| Gross Rent Multiplier | 14.06 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 8,774 SF |
| No. Stories | 2 |
| Year Built | 1880 |
| Parking Ratio | 0.46/1,000 SF |
| Zoning | SP - Specific Plan |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Sprinkler System
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | $2,100 | 503 |
| 2+1 | 1 | $3,000 | 1,247 |
| 3+2 | 1 | $4,500 | 1,545 |
1 1
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Number | 024-153-25 | Improvements Assessment | $130,627 |
| Land Assessment | $520,873 | Total Assessment | $651,500 |
PROPERTY TAXES
Parcel Number
024-153-25
Land Assessment
$520,873
Improvements Assessment
$130,627
Total Assessment
$651,500
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517 Walnut Ave
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