425 13th St - Apartments FOR SALE


Huntington Beach, CA 92648- Downtown Huntington Beach
$2,995,000 USD
818-517-0845
425 13th St, Huntington Beach, CA for Sale
$2,995,000 USD
Apartments - FOR SALE
1/13
null | 2.11% Cap Rate

425 13th St
Huntington Beach, CA 92648
Downtown Huntington Beach


HIGHLIGHTS

  • Prime Huntington Beach location, just blocks from the ocean
  • High potential for rental income growth
  • No city rent control in place
  • Private enclosed garages for all units / On-site laundry room
  • Full property repipe completed in December 2024
  • Majority of units have been renovated

OVERVIEW

Prime 6-Unit Investment Opportunity in Huntington Beach. Situated just minutes from the coast, 425 13th Street presents a rare chance to acquire a well-maintained 6-unit multifamily property in one of Southern California's most sought-after beachfront markets. Each unit features its own private enclosed garage—an in-demand perk for both tenants and property owners. Additionally, the property offers four extra open parking spaces. In December 2024, the entire property underwent a complete repipe, and most of the interiors have been updated with new flooring, windows, appliances, and more. With no city-level rent control, and the property falling under AB-1482, landlords enjoy greater flexibility with rent increases in this high-demand rental area. Furthermore, five of the six units feature balconies or patios, providing valuable outdoor space for tenants. This marks the first time the property has been available on the market since the original owner acquired it directly from the developer, making it a truly unique opportunity with pride of ownership throughout. Whether you're an experienced investor or seeking to add a stable beachside asset to your portfolio, 425 13th Street offers a prime location, strong long-term growth potential, and current rental income. DO NOT DISTURB THE TENANTS. DRIVE BY ONLY.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$629 USD /SF

# OF UNITS

6

PRICE/UNIT

$499,167

CAP RATE

2.11%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,603 SF

ZONING

-

APN/PARCEL ID

024-022-10

ASK ABOUT THIS PROPERTY

Benjamin HsiangRealty Investment AdvisorsMore Info
818-517-0845

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Benjamin HsiangRealty Investment AdvisorsMore Info
818-517-0845

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