731 Owen Dr 6 Unit Apartment Building $3,306,226 CAD ($551,038 CAD/Unit) 4.91% Cap Rate Huntington Beach, CA 92648

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 731 Owen Drive, a 6-unit multifamily property located in Huntington Beach, California. Built in 1962, the property features 4,584 rentable square feet on a 0.15-acre parcel and offers a desirable unit mix consisting of two studio units and four 2-bed/1-bath units.
731 Owen Drive offers investors a stabilized, turnkey multifamily opportunity in one of Orange County’s most established coastal rental markets. The property has been well maintained and upgraded, with renovated units, dual-pane windows, individual water heaters, security doors, garage parking, and in-unit laundry in select units. The property has also completed its SB 721 inspection, further supporting a lower-maintenance ownership profile for a new investor.
With renovated unit interiors, upgraded property features, and rents positioned near the top of the market, the asset provides immediate in-place income and a more predictable operating profile with limited near-term capital improvement risk. This combination of physical condition, stabilized income, and coastal Huntington Beach location positions 731 Owen Drive as a clean, turnkey apartment investment with strong long-term ownership appeal.
The property is further supported by its convenient location near Beach Boulevard and Yorktown Avenue, providing residents with access to nearby retail centers, grocery options, restaurants, services, schools, Downtown Huntington Beach, Pacific City, the beach, and Huntington Central Park.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*