Active
$14,200,000
20 Units
0 Beds
25 Baths
16,839 Area(sq.ft.)
Lot: 17,625 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | studio | 1 | No | $ 2,695 | $ 2,695 | $ 2,695 |
| Unit 2 | 1 | 2 | 1 | No | $ 3,495 | $ 3,495 | $ 3,495 |
| Unit 3 | 2 | 1 | 1 | No | $ 3,007 | $ 6,015 | $ 6,015 |
| Unit 4 | 11 | 2 | 1 | No | $ 3,640 | $ 40,042 | $ 41,280 |
| Unit 5 | 3 | 2 | 2 | No | $ 3,950 | $ 11,851 | $ 12,010 |
| Unit 6 | 2 | 3 | 2 | No | $ 4,645 | $ 9,290 | $ 9,290 |
| 20 | 38 | 25 | $ 73,384 | $ 512,815 | $ 526,910 |
| MLS #: | 25553767 |
| Days On Market: | 172 |
| Listing Date: | June 17, 2025 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 843 |
| Price per unit: | $ 710,000 |
| Year Built: | 1971 |
Property Details
Located in the 100 block of Huntington Beach, Ocean Breeze Terrace is a multifamily investment opportunity consisting of 20 units. Ownership has spent approx. $1,850,000 in capital improvements including electrical upgrades, plumbing upgrades, new windows, roof maintenance and updating all 18 units. The attractive unit mix includes studio, one-, two- & three-bedroom floorplans.Interested in this Listing?
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Income Details
| Vacancy Rate: | 3% |
| Gross Operating Income: | $ 873,739 |
| Total Annual Expense: | $ 275,467 |
| Net Operating Income: | $ 598,272 |
| Gross Annual Income: | $ 900,159 |
| Cap Rate: | 4.21% |
| Gross Rent Multiplier: | 15.77 |
Structure
| Type of Units: | Apartments |
| Buildings: | 1 |
| Levels: | Two |
Land & Parking
| Parking Garage: | Garage - None |
| Total Parking: | 19 |
Interior
| AC/Cooling: | None |
| Equipment: | None |
| Heating: | None |
Exterior
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