731 Owen Dr - Apartments FOR SALE


Huntington Beach, CA 92648- Garfield
$2,395,000 USD
714-713-9086
731 Owen Dr, Huntington Beach, CA for Sale
$2,395,000 USD
Apartments - FOR SALE
1/13
null | 4.91% Cap Rate

731 Owen Dr
Huntington Beach, CA 92648
Garfield


HIGHLIGHTS

  • Fully Renovated Property With Upgraded Interiors & Exterior
  • Desirable Unit Mix of Studio and 2-Bed/1-Bath Units
  • Rents Stabilized Near the Top of the Market
  • Six Single-Car Garages Providing One Garage Space Per Unit
  • Select Units Feature In-Unit Laundry
  • Located Near Beach Boulevard & Yorktown Avenue Retail Amenities

OVERVIEW

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 731 Owen Drive, a 6-unit multifamily property located in Huntington Beach, California. Built in 1962, the property features 4,584 rentable square feet on a 0.15-acre parcel and offers a desirable unit mix consisting of two studio units and four 2-bed/1-bath units. 731 Owen Drive offers investors a stabilized, turnkey multifamily opportunity in one of Orange County’s most established coastal rental markets. The property has been well maintained and upgraded, with renovated units, dual-pane windows, individual water heaters, security doors, garage parking, and in-unit laundry in select units. The property has also completed its SB 721 inspection, further supporting a lower-maintenance ownership profile for a new investor. With renovated unit interiors, upgraded property features, and rents positioned near the top of the market, the asset provides immediate in-place income and a more predictable operating profile with limited near-term capital improvement risk. This combination of physical condition, stabilized income, and coastal Huntington Beach location positions 731 Owen Drive as a clean, turnkey apartment investment with strong long-term ownership appeal. The property is further supported by its convenient location near Beach Boulevard and Yorktown Avenue, providing residents with access to nearby retail centers, grocery options, restaurants, services, schools, Downtown Huntington Beach, Pacific City, the beach, and Huntington Central Park. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$2,395,000 USD

PRICE/SF

$522 USD /SF

# OF UNITS

6

PRICE/UNIT

$399,167

CAP RATE

4.91%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

-

APN/PARCEL ID

025-181-25

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.