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    218 Indianapolis Ave Huntington Beach, CA 92648

    Sponsored
    For Sale
    $2,795,000

    Triplex - Huntington Beach, CA

    Type:Triplex
    Property size:
    5,170 SF
    Lot size:
    7,841.00 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 4 at 11:06 pm

    Property Features for 218 Indianapolis Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active
    Window features
    Double Pane Windows
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Family Room, Kitchen, Laundry, Living Room
    Bedrooms
    7
    Bathrooms
    5
    APN
    02418116
    Parking
    4
    Parking features
    Driveway, Garage, RV
    Interior features
    Quartz Counters, High Ceilings, Ceiling Fan(s), Recessed Lighting, Formica Counters, Window Features: Double Pane Windows
    Exterior features
    Community Features Included: Curbs, Front Yard, Yard
    Fireplace
    1
    Appliances
    Dishwasher, Ice Maker, Microwave, Oven - Convection, Range, Range - Gas, Refrigerator, Washer
    Size
    5,170 SF
    Lot size
    7,841.00 Acres

    Utilities

    Heating system
    Central, Fireplace(s)
    Cooling system
    Central Air

    Building Details

    Year built
    1976
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Vinyl
    Architectural style
    Other

    We can help!

    Listing Contact
    Rosemarie Rogers

    Vista Sotheby's International Realty (310) 541-8271

    Listing agent Rosemarie Rogers (310) 541-8271 License #01990320

    Listing date Mar 2, 2026

    MLS# SB26045471 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Huntington Beach Triplex Opportunity

    Located in West Huntington Beach, this triplex is situated minutes from the beach, downtown Huntington Beach, and Pacific City. The property is positioned on a double lot of nearly 8,000 sq ft. The triplex features a single-family residence in the front and two private one-bedroom apartments in the back. This configuration allows for multigenerational living, guest accommodations, or supplemental rental income. A newly installed vinyl fence in the backyard separates the front home from the back units. The main home features high ceilings, updated kitchen and bathrooms, air conditioning, and a flexible main-level room suitable for a home office or living space. There are two fireplaces, one in the great room and another in the primary suite. A dedicated laundry room serves the main residence. The two updated one-bedroom apartments are positioned above four garages and each includes two private balconies and access to a coin-operated laundry facility. The oversized lot allows parking for up to seven vehicles with additional space for a boat or RV. The front and back outdoor areas offer room for entertaining, and an outdoor shower completes the coastal lifestyle experience.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Huntington Beach
    County
    Orange
    State
    California
    Longitude
    -117.9958149
    Latitude
    33.6646671

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    FAQs

    What type of property is this?
    Triplex - Triplex near the beach with income potential and flexible living.
    Where is this triplex located?
    The property is located at 218 Indianapolis Ave Huntington Beach, CA.
    What is the asking price?
    The asking price for this property is $2,795,000.
    What are key features of this property?
    This property features: - Prime location: Minutes from the beach, downtown Huntington Beach, and Pacific City.; - Rare triplex on a large double lot (nearly 8,000 sq ft) offering flexibility for income generation or multi-generational living.; - Spacious single-family residence with updated kitchen and bathrooms, high ceilings, air conditioning, and two fireplaces.
    (310) 541-8271
    Request Owner's contact information
    218 Indianapolis Ave Huntington Beach, CA 92648
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    Huntington Beach, CA 92648
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    218 Indianapolis Ave Huntington Beach, CA 92648
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    We can help!
    Listing Contact
    Rosemarie Rogers
    Real Estate License ID: 01990320
    (310) 541-8271 (310) 994-0159
    Learn more
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