18700 Florida St - Apartments FOR SALE


Huntington Beach, CA 92648- Garfield
$27,650,000 USD
949-756-3232
18700 Florida St, Huntington Beach, CA for Sale
$27,650,000 USD
Apartments - FOR SALE
1/23
null | 4.69% Cap Rate

18700 Florida St
Huntington Beach, CA 92648
Garfield


HIGHLIGHTS

  • 55+ Apartment Community Constructed in 1988
  • Excellent Huntington Beach Location, Minutes from the Beach
  • Well-Maintained Asset with Desirable Mix of 1 & 2 Bedroom Units
  • Approximate 5% Cap Rate on Current Income, Almost 6% on Market
  • Abundance of Amenities Including Gym, Spa, & Rec Room

OVERVIEW

We are pleased to present Huntington Terrace North Senior Apartments, an 81-unit 55+ apartment community in Huntington Beach, CA. The property was constructed in 1988 and features amenities such as a reception desk, lobby, recreation room, exercise room, library, spa, manager’s office, a beautifully landscaped courtyard, and much more. The building features a desirable mix of 1- and 2-bedroom units, each offering energy-efficient air conditioning, electric cooking, laminate wood floors (select units), walk-in closets, and patios & balconies. With a cap rate of approximately 5% on current rents and the potential to reach nearly 6% at market rents, the offering offers strong in-place cash flow with upside in rents. This is an opportunity to purchase a well-maintained, pride-of-ownership asset in an excellent Coastal Orange County location minutes from the beach.

FOR SALE DETAILS

PRICE

$27,650,000 USD

PRICE/SF

$452 USD /SF

# OF UNITS

81

PRICE/UNIT

$341,358

CAP RATE

4.69%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Huntington Terrace North

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1988

PARKING SPACES

31

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,991 SF

ZONING

SP14

APN/PARCEL ID

159-102-45

ASK ABOUT THIS PROPERTY

Chris KeramatiTriqor GroupMore Info
949-756-3232

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Chris KeramatiTriqor GroupMore Info
949-756-3232

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.