Listed by Marcus & Millichap - Orange County
$36,000,000
Huntington Manor Homes
Details
APN 159-331-02 & 159-331-03
Property Type Multifamily
Sub Type Apartment Building
Square Footage 55,350
Net Rentable (SqFt) 55,350
Units 77
Cap Rate 4.5%
NOI $1,621,024
Pro-Forma Cap Rate 4.65%
Pro-Forma NOI $1,675,451
Price per SqFt $650
Year Built 1943
Year Renovated 2022 & 2023
Acreage 4.470
Ownership Fee Simple
Multifamily | 77 Units | $467,532/unit
Marketing description
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).*
Investment highlights
77-Unit Multifamily Community in Huntington Beach
72 of 77 Units Renovated (2022–2023)
Over $2.8M Invested in Interior & Exterior Upgrades
Desirable Unit Mix: 39 One-Bedroom & 38 Two-Bedroom Units
Large 4.47-Acre Site with 17 Single-Story Buildings
Modern Unit Interiors with Quartz Counters, Stainless Appliances & In-Unit Laundry
Private Patios/Yards in Many Units
Amenity-Rich Community with Dog Park, BBQ Areas & Package Lockers
Ample Parking: 96 Carports + 39 Surface Spaces
Value-Add Potential Through ADU Development
Located ~2 Miles from Downtown Huntington Beach & the Pacific Ocean
Listing Contacts
Listed by Marcus & Millichap - Orange County
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,621,024.00
$135,085.33/mo
Valuation Metrics
0
DSCR
4.5%
Cap Rate
4.5%
ROI
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