Active
$2,995,000
6 Units
8 Beds
6 Baths
4,762 Area(sq.ft.)
Lot: 5,663 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 4 | 1 | 1 | No | $ 1,594 | $ 6,375 | $ 10,000 |
| Unit 2 | 2 | 2 | 1 | No | $ 1,750 | $ 3,500 | $ 6,300 |
| 6 | 8 | 6 | $ 9,876 | $ 32,500 | $ 52,600 |
| MLS #: | 25524221 |
| Days On Market: | 234 |
| Listing Date: | April 15, 2025 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 629 |
| Price per unit: | $ 499,167 |
| Year Built: | 1970 |
Property Details
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.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Gross Operating Income: | $ 115,954 |
| Total Annual Expense: | $ 52,774 |
| Net Operating Income: | $ 63,180 |
| Gross Annual Income: | $ 119,540 |
| Cap Rate: | 2.11% |
| Gross Rent Multiplier: | 25.05 |
Structure
| Type of Units: | Apartments |
| Buildings: | 1 |
| Levels: | Two |
Land & Parking
| Parking Garage: | Garage - 1 Car, Parking Space |
| Total Parking: | 10 |
Interior
| AC/Cooling: | None |
| Equipment: | Range/Oven |
| Heating: | Wall |
| Laundry: | Community |
Exterior
Detailed Map
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Income
