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1015 Georgia St 5 Unit Apartment Building $3,554,330 CAD ($710,866 CAD/Unit) 3.50% Cap Rate Huntington Beach, CA 92648
Investment Highlights
- Located near downtown Huntington Beach
- Located near downtown restaurants and beach
Executive Summary
A rare, well maintained 5 unit multi-family property located near downtown Huntington Beach. This property is currently occupied with great tenants, 4 of which are on leases and one on month to month. There are 3 units with 2 bedrooms, 1 unit that has 3 bedrooms and 1 studio apt. There are 4 single car garages to the front of the building and a separate 2 car garage located to the rear of the property. Each unit is separately metered and the entire property is profesionally managed by a property management company. The property is conveniently located just a short distance to downtown, the pier and the beach.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Financial Summary (Actual - 2022) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$179,550
|
$24.94
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$179,550
|
$24.94
|
| Taxes |
$12,094
|
$1.68
|
| Operating Expenses |
$43,862
|
$6.09
|
| Total Expenses |
$55,956
|
$7.77
|
| Net Operating Income |
$123,594
|
$17.17
|
Financial Summary (Actual - 2022)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $179,550 |
| Annual Per SF | $24.94 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $179,550 |
| Annual Per SF | $24.94 |
| Taxes (CAD) | |
|---|---|
| Annual | $12,094 |
| Annual Per SF | $1.68 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $43,862 |
| Annual Per SF | $6.09 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $55,956 |
| Annual Per SF | $7.77 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $123,594 |
| Annual Per SF | $17.17 |
Property Facts
| Price | $3,554,330 CAD | Building Class | C |
| Price Per Unit | $710,866 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 7,200 SF |
| Cap Rate | 3.50% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1978 |
| Property Subtype | Apartment | Parking Ratio | 0.83/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | Multi Family - Multi Family Dwelling | ||
| Price | $3,554,330 CAD |
| Price Per Unit | $710,866 CAD |
| Sale Type | Investment |
| Cap Rate | 3.50% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,200 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1978 |
| Parking Ratio | 0.83/1,000 SF |
| Zoning | Multi Family - Multi Family Dwelling |
Amenities
Site Amenities
- Courtyard
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 1 | $4,101 CAD | 943 |
| Studios | 1 | $2,256 CAD | 368 |
| 2+1 | 2 | $3,377 CAD | 640 - 710 |
| 2+1.5 | 1 | $3,158 CAD | 872 |
1 1
Walk Score®
Very Walkable (76)
Property Taxes
| Parcel Number | 025-173-15 | Total Assessment | $964,237 CAD (2025) |
| Land Assessment | $587,144 CAD (2025) | Annual Taxes | $12,094 CAD ($1.68 CAD/SF) |
| Improvements Assessment | $377,093 CAD (2025) | Tax Year | 2022 |
Property Taxes
Parcel Number
025-173-15
Land Assessment
$587,144 CAD (2025)
Improvements Assessment
$377,093 CAD (2025)
Total Assessment
$964,237 CAD (2025)
Annual Taxes
$12,094 CAD ($1.68 CAD/SF)
Tax Year
2022
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1015 Georgia St
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