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123 14th St 4 Unit Apartment Building $3,946,236 CAD ($986,559 CAD/Unit) 2.50% Cap Rate Huntington Beach, CA 92648
Investment Highlights
- Incredible "100 Block" Location in Downtown
- 2- and 3-Bedroom Units
- Recent Capital Improvements - New Roofs, Electrical Panels, and Deck
- Steps to the Sand; Minutes to Main Street and Pacific City
- Abundant Parking - 7 Total Garages
- 4 Units Next Door Also Available
Executive Summary
123 14th Street is a 4-unit coastal multifamily property built in 1973, with a new roof completed in 2024, and newer electrical panels. The unit mix comprises one 3BR/2.5BA, two 2BR/2BA, and one 2BR/1.5BA, complemented by seven single-car garages, patios, balconies, on-site laundry, and a fireplace in the 3BR unit. Set in a prestigious "100 Block" location — something that rarely comes available — the property is just steps from the sand. It is also mere minutes from Pacific City, a 31-acre oceanfront hub with 60+ retail and dining options, in addition to the bustling culinary, shopping, and social scene on Main Street. Downtown Huntington Beach is the epitome of a supply-constrained coastal enclave, perfect for investors seeking irreplaceable assets. *119 14th Street, and identical 4plex next door, is also for sale.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$171,202
|
$39.67
|
| Other Income |
$1,247
|
$0.29
|
| Vacancy Loss |
$5,173
|
$1.20
|
| Effective Gross Income |
$167,275
|
$38.76
|
| Taxes |
$44,916
|
$10.41
|
| Operating Expenses |
$23,774
|
$5.51
|
| Total Expenses |
$68,690
|
$15.92
|
| Net Operating Income |
$98,585
|
$22.84
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $171,202 |
| Annual Per SF | $39.67 |
| Other Income (CAD) | |
|---|---|
| Annual | $1,247 |
| Annual Per SF | $0.29 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $5,173 |
| Annual Per SF | $1.20 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $167,275 |
| Annual Per SF | $38.76 |
| Taxes (CAD) | |
|---|---|
| Annual | $44,916 |
| Annual Per SF | $10.41 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $23,774 |
| Annual Per SF | $5.51 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $68,690 |
| Annual Per SF | $15.92 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $98,585 |
| Annual Per SF | $22.84 |
Property Facts
| Price | $3,946,236 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $986,559 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 2.50% | Building Size | 4,316 SF |
| Gross Rent Multiplier | 22.88 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1973 |
| Property Subtype | Apartment | Parking Ratio | 1.62/1,000 SF |
| Price | $3,946,236 CAD |
| Price Per Unit | $986,559 CAD |
| Sale Type | Investment |
| Cap Rate | 2.50% |
| Gross Rent Multiplier | 22.88 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 4,316 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 1.62/1,000 SF |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 1 | $3,130 CAD | - |
| 2+2 | 2 | $3,539 CAD | - |
| 3+2.5 | 1 | $4,058 CAD | - |
1 1
Fairly walkable
40/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 024-035-12 | Total Assessment | $3,807,035 CAD (2026) |
| Land Assessment | $3,469,094 CAD (2026) | Annual Taxes | $44,916 CAD ($10.41 CAD/SF) |
| Improvements Assessment | $337,941 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
024-035-12
Land Assessment
$3,469,094 CAD (2026)
Improvements Assessment
$337,941 CAD (2026)
Total Assessment
$3,807,035 CAD (2026)
Annual Taxes
$44,916 CAD ($10.41 CAD/SF)
Tax Year
2025
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123 14th St
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