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33163645
33163624

425 15th, Huntington Beach, CA 92648

JK
CA 01939655
Kirklen Investment Group
Listed by Kirklen Investment Group
$2,925,000
14 days on market
Updated 14 days ago

425 15th Street

Details
APN 02315412
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,081
Net Rentable (SqFt) 4,081
Units 4
Cap Rate 3.71%
NOI $108,564
Occupancy 100%
Pro-Forma Cap Rate 4.19%
Pro-Forma NOI $122,650
Price per SqFt $717
Year Built 1972
Year Renovated 2025
Buildings 1
Stories 2
Acreage 0.130
Zoning Assessor
Parking Spaces spaces
Sale Condition 1031 exchange

4 Units | Huntington Beach | Turnkey

Marketing description

425 15th Street is a turnkey four-unit multifamily property located in the highly desirable Downtown Huntington Beach neighborhood, just a short walk from the Pacific Ocean. Situated on a large corner lot, the property offers approximately 4,081 square feet of living space and features a well-balanced unit mix of one 3-bedroom unit, two 2-bedroom units, and one 1-bedroom unit. This asset has undergone extensive renovations, including new exterior paint, roof, doors, and windows, providing a low-maintenance investment profile. All units feature upgraded flooring, granite countertops, tile kitchen backsplashes, stainless steel appliances, private patios, and renovated bathrooms, with select units offering fireplaces for added tenant appeal. Additional amenities include six garage spaces, on-site laundry, and a courtyard-style setting that enhances livability. Positioned just blocks from the beach, Main Street, and the Huntington Beach Pier, the property benefits from exceptional walkability and access to premier coastal dining, retail, and entertainment. The surrounding area is supported by a strong local economy driven by tourism, hospitality, and professional services, ensuring consistent rental demand. With its turnkey condition, comprehensive interior and exterior upgrades, and prime coastal location, 425 15th Street presents a rare opportunity to acquire a stabilized asset in one of Orange Countys most sought-after rental markets.

Investment highlights

Turnkey Asset: Fully renovated interiors and exterior upgrades

Upgraded Interiors: Granite countertops, stainless steel appliances, tile backsplashes, and new flooring

Premium Features: Fireplaces (select units) and private patios

4-Unit Mix: 3BD, 2BD, and 1BD units on a large lot

Prime Coastal Location: Walking distance to beach, Main Street, and HB Pier

New Roof: May of 2025

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Listing Contacts

JK
CA 01939655
Kirklen Investment Group
Listed by Kirklen Investment Group

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$108,564.00
$9,047.00/mo

Valuation Metrics

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DSCR
3.71%
Cap Rate
3.71%
ROI

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