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1015 Georgia St 5 Unit Apartment Building $3,550,716 CAD ($710,143 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 |
$180,696
|
$25.10
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$180,696
|
$25.10
|
| Taxes |
$12,171
|
$1.69
|
| Operating Expenses |
$44,142
|
$6.13
|
| Total Expenses |
$56,313
|
$7.82
|
| Net Operating Income |
$124,383
|
$17.28
|
Financial Summary (Actual - 2022)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $180,696 |
| Annual Per SF | $25.10 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $180,696 |
| Annual Per SF | $25.10 |
| Taxes (CAD) | |
|---|---|
| Annual | $12,171 |
| Annual Per SF | $1.69 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $44,142 |
| Annual Per SF | $6.13 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $56,313 |
| Annual Per SF | $7.82 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $124,383 |
| Annual Per SF | $17.28 |
Property Facts
| Price | $3,550,716 CAD | Building Class | C |
| Price Per Unit | $710,143 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 | $3,550,716 CAD |
| Price Per Unit | $710,143 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 | $4,097 CAD | 943 |
| Studios | 1 | $2,253 CAD | 368 |
| 2+1 | 2 | $3,373 CAD | 640 - 710 |
| 2+1.5 | 1 | $3,155 CAD | 872 |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 025-173-15 | Total Assessment | $982,250 CAD (2025) |
| Land Assessment | $598,112 CAD (2025) | Annual Taxes | $12,171 CAD ($1.69 CAD/SF) |
| Improvements Assessment | $384,137 CAD (2025) | Tax Year | 2022 |
Property Taxes
Parcel Number
025-173-15
Land Assessment
$598,112 CAD (2025)
Improvements Assessment
$384,137 CAD (2025)
Total Assessment
$982,250 CAD (2025)
Annual Taxes
$12,171 CAD ($1.69 CAD/SF)
Tax Year
2022
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1015 Georgia St
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