18942-18962 Delaware St - Apartments FOR SALE


Huntington Beach, CA 92648- Garfield
$5,000,000 USD
951-756-0448
18942-18962 Delaware St, Huntington Beach, CA for Sale
$5,000,000 USD
Apartments - FOR SALE
1/9
null | 4.48% Cap Rate

18942-18962 Delaware St
Huntington Beach, CA 92648
Garfield


HIGHLIGHTS

  • (8) Three-Bedroom Townhome Floorplans & (2) Studio Units
  • 1985 Vintage Construction
  • Value-Add Opportunity
  • Individually Metered for Gas & Electric, All Units Have Private Outdoor Space, & Townhome Units Have Washer/Dryer Hookups
  • Well-Parked with (20) Total Spaces Include (18) Garage & (2) Open
  • Strong Huntington Beach Location

OVERVIEW

Located at 18942 and 18962 Delaware Street, this rare 10-unit Huntington Beach offering is one of only three properties of its size currently available for sale. 8 of the 10 units are spacious three-bedroom townhomes with direct-access garages. Current rents sit below established market rates, presenting a clear path to growth through natural turnover and targeted interior improvements. Built in 1985 with generous floor plans and superior structural quality, this is a durable asset in one of the most desirable coastal markets.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$315 USD /SF

# OF UNITS

10

PRICE/UNIT

$500,000

CAP RATE

4.48%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,996 SF

ZONING

RM

APN/PARCEL ID

159-121-39,159-121-40

ASK ABOUT THIS PROPERTY

951-756-0448

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951-756-0448

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