19131-19161 Delaware St - Apartments FOR SALE


Huntington Beach, CA 92648- Garfield
$36,000,000 USD
714-713-9086
19131-19161 Delaware St, Huntington Beach, CA for Sale
$36,000,000 USD
Apartments - FOR SALE
1/52
null | 4.5% Cap Rate

19131-19161 Delaware St
Huntington Beach, CA 92648
Garfield


HIGHLIGHTS

  • 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
  • Value-Add Potential Through ADU Development

OVERVIEW

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).*

FOR SALE DETAILS

PRICE

$36,000,000 USD

PRICE/SF

$650 USD /SF

# OF UNITS

77

PRICE/UNIT

$467,532

CAP RATE

4.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Huntington Manor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1943

PARKING SPACES

135

LAND DETAILS

LAND ACRES

4.47 AC

LAND SF

194,713 SF

ZONING

RM

APN/PARCEL ID

159-331-02,159-331-03

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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