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Rare Development Opportunity in HB 7736 Sugar Dr 3 Unit Apartment Building $2,700,000 ($900,000/Unit) Huntington Beach, CA 92647
Investment Highlights
- Flat, ±22,800 SF lot with excellent usability
- All utilities on site: gas, water, sewer, electric
- Extensive concrete paving—ideal for staging or reuse
- RL-7000 zoning with subdivision potential (buyer to verify)
- 15 existing garage spaces offering functional on-site improvements
- Elevated positioning providing added privacy and design flexibility
Executive Summary
Prime multifamily investment opportunity in Huntington Beach featuring a rare, large-scale property situated on an expansive 22,800 sq ft lot. This unique offering includes three separate residential units totaling 7 bedrooms and 5 bathrooms, presenting immediate income potential along with long-term upside. With its flexible layout and significant lot size, investors have the ability to optimize rents, explore additional unit potential (buyer to verify), or reposition the asset to maximize returns in a high-demand rental market. A standout feature of the property is the exceptional parking and storage capacity, highlighted by a massive 10-car garage along with five additional individual garages—totaling 15 garage spaces. This is an extremely uncommon amenity that can command premium rents, appeal to tenants with multiple vehicles or business needs, and create additional income streams. The gated perimeter, low-maintenance grounds, and elevated positioning add privacy and security, further increasing tenant appeal. Ideally located just minutes from Huntington Beach’s iconic shoreline and approximately one mile from Bella Terra, with convenient access to shopping, dining, and major retailers including Costco Wholesale, this property offers a compelling blend of current cash flow, unique features, and future upside in one of Southern California’s most desirable coastal rental markets.
Property Facts
Amenities
Unit Amenities
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Washer/Dryer Hookup
- Ceiling Fans
- Oven
- Range
- Porch
Site Amenities
- Fenced Lot
- Picnic Area
- Tennis Court
- Gated
- Basketball Court
- Racquetball Court
- Bicycle Storage
- Pickleball Court
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $2,500 | 700 |
| 2+1 | 1 | $3,000 | 900 |
| 4+3 | 1 | $5,500 | 2,700 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 142-341-29 | Improvements Assessment | $179,058 |
| Land Assessment | $358,488 | Total Assessment | $537,546 |
Property Taxes
Parcel Number
142-341-29
Land Assessment
$358,488
Improvements Assessment
$179,058
Total Assessment
$537,546
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Rare Development Opportunity in HB | 7736 Sugar Dr
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