Log In/Sign Up
Your email has been sent.
Ocean Breeze Terrace 125 16th St 20 Unit Apartment Building $19,392,371 CAD ($969,619 CAD/Unit) 4.21% Cap Rate Huntington Beach, CA 92648
Investment Highlights
- Located in the 100 Block of Downtown Huntington Beach
- Currently, the Largest Apartment Listing in Huntington Beach
- In-Suite Laundry, Ocean Views (Select Units), Private Patios & Balconies (Select Units)
- Approx. $1,850,000 in Recent Capital Improvements
- One-, Two-, & Three-Bedroom Floorplans
Executive Summary
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.
Property Facts
| Price | $19,392,371 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $969,619 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.40 AC |
| Cap Rate | 4.21% | Building Size | 16,839 SF |
| Gross Rent Multiplier | 15.77 | No. Stories | 2 |
| No. Units | 20 | Year Built | 1971 |
| Property Type | Multifamily | Parking Ratio | 1.13/1,000 SF |
| Property Subtype | Apartment |
| Price | $19,392,371 CAD |
| Price Per Unit | $969,619 CAD |
| Sale Type | Investment |
| Cap Rate | 4.21% |
| Gross Rent Multiplier | 15.77 |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 16,839 SF |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 1.13/1,000 SF |
Amenities
Site Amenities
- Courtyard
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $3,448 CAD | 376 |
| 2+1 | 12 | $4,638 CAD | 679 - 850 |
| 1+1 | 2 | $4,216 CAD | 650 |
| 2+2 | 3 | $5,275 CAD | 900 |
| 3+2 | 2 | $6,408 CAD | 1,232 |
1 1
Fairly walkable
40/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 023-167-03 | Improvements Assessment | $1,093,566 CAD |
| Land Assessment | $11,181,785 CAD | Total Assessment | $12,275,351 CAD |
Property Taxes
Parcel Number
023-167-03
Land Assessment
$11,181,785 CAD
Improvements Assessment
$1,093,566 CAD
Total Assessment
$12,275,351 CAD
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Ocean Breeze Terrace | 125 16th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.