7701 Yorktown Ave, Huntington Beach, CA 92648

18 Unit Apartment Building | $7,900,000 ($438,889/Unit) | 4.23% Cap Rate | Huntington Beach, CA 92648

Asking Price $7,900,000

Property Type: Multifamily
Square Feet: 15,903 SF

Listing Contacts

Mike O’Neill

Daniel Blackwell

Property Overview

The Yorktown Apartments is an 18-unit multifamily investment opportunity located 2-miles away from the Huntington Beach Pier. The property features a unit mix of (17) two-bedroom & (1) studio units. The desirable amenities include private patio/balcony in select units, community courtyard & picnic areas, and laundry facilities. The property is well-parked with an on-site Manager and off-site management company. Recent capital improvements include repainted entire building, new garage roofs, lower level roof replacement, stairs & elevated walkway repairs and new washer and dryers.

Property Details

Class: C
Year Built/Renovated: 1973/1999
Stories: 2
Lot Size (sq. ft): 30,492 SF
Units: 18

Highlights

Assumable Financing Available - Current Fannie Mae Loan Assumable at 5.01% Interest Rate Fixed Until April 2032 (Loan Amount $3.312M)
Recent Capital Improvements - Repainted Entire Building, New Garage Roofs, Lower Level Roofs Replaced, Stairs & Walkway Repairs, New Washer/Dryers
Majority Two-Bedroom Floor Plans
First Time on Market in Over 30 Years
Laundry Facilities, Community Courtyard & Picnic Area, Well-Parked, On-Site Manager & Professional Off-Site Management Company
ADU Potential - Opportunity to Convert Garages into (2) Studio ADUs

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