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412-414 Walnut Ave 4,408 SF 100% Leased Retail Building Huntington Beach, CA 92648 $6,429,310 CAD ($1,458.55 CAD/SF) 4.85% Cap Rate
Executive Summary
Coastal Commercial is pleased to offer for sale 412–414 Walnut Avenue, a historically significant and irreplaceable asset located in the City of Huntington Beach. The property consists of a 4,408 square foot, two-story building situated on a 3,520 square foot lot in a premier coastal location just one block from the iconic Huntington Beach Pier and the Pacific Ocean.
The 2,568 square foot ground floor is currently leased to 25 Degrees, a well-established tenant paying $155,290 annually on a NNN basis, with 3% annual rent increases. The lease extends through October 31, 2035, providing stable, long-term income. The 1,840 square foot second-floor office is occupied by Capital Investment Network, Inc., owned and operated by the Seller. Upon closing, the seller will execute a new two-year NNN lease at $77,280 annually, ensuring additional in-place income.
Originally constructed in the late 1920s by a local physician, this two-story brick building carries a rich and storied history. The property initially featured two ground-floor retail spaces with professional offices above and, for a period, served as the Justice of the Peace and courthouse for the area. Over the decades, it has been home to a variety of notable local businesses, including McIntosh Electric (circa 1927), HB Auto Supply (1933), Stella’s Coffee Shop in the late 1930s, and P&W Café in the 1940s. In
1976, its longest-standing tenant, Mazzotti’s, consolidated the ground floor into a single space.
More than just a premier coastal investment, 412–414 Walnut Avenue represents a rare opportunity to acquire a legacy asset with deep historical roots in one of Southern California’s most desirable beachfront communities. Comprehensive historical documentation is available upon request.
The 2,568 square foot ground floor is currently leased to 25 Degrees, a well-established tenant paying $155,290 annually on a NNN basis, with 3% annual rent increases. The lease extends through October 31, 2035, providing stable, long-term income. The 1,840 square foot second-floor office is occupied by Capital Investment Network, Inc., owned and operated by the Seller. Upon closing, the seller will execute a new two-year NNN lease at $77,280 annually, ensuring additional in-place income.
Originally constructed in the late 1920s by a local physician, this two-story brick building carries a rich and storied history. The property initially featured two ground-floor retail spaces with professional offices above and, for a period, served as the Justice of the Peace and courthouse for the area. Over the decades, it has been home to a variety of notable local businesses, including McIntosh Electric (circa 1927), HB Auto Supply (1933), Stella’s Coffee Shop in the late 1930s, and P&W Café in the 1940s. In
1976, its longest-standing tenant, Mazzotti’s, consolidated the ground floor into a single space.
More than just a premier coastal investment, 412–414 Walnut Avenue represents a rare opportunity to acquire a legacy asset with deep historical roots in one of Southern California’s most desirable beachfront communities. Comprehensive historical documentation is available upon request.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Storefront
Building Size
4,408 SF
Building Class
C
Year Built
1926
Price
$6,429,310 CAD
Price Per SF
$1,458.55 CAD
Cap Rate
4.85%
NOI
$311,822 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
12’
Building FAR
1.26
Lot Size
0.08 AC
Zoning
SP, Huntington Beach
Frontage
44’ on Walnut Ave
Moderately walkable
70/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 024-147-09 | Improvements Assessment | $1,100,623 CAD |
| Land Assessment | $967,053 CAD | Total Assessment | $2,067,676 CAD |
Property Taxes
Parcel Number
024-147-09
Land Assessment
$967,053 CAD
Improvements Assessment
$1,100,623 CAD
Total Assessment
$2,067,676 CAD
Contacts
-
Nathan Holthouser -
Maggie Attashian -
Tram Church -
Rebecca Canalez -
Coastal Commercial Inc.
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