Well-Maintained 5-Unit Apartment
For Sale
$2,600,000
1015 Georgia Street, Huntington Beach, CA 92648
Five-unit multi-family property delivered May 2026 with new roof, exterior paint, and upgraded windows and sliders.
Property Size4,665 SF
Days on Market92
Property Features for 1015 Georgia Street
General Information
Standard status
Active
Size
4,665 SF
Total Parking Spaces
6
Property subtype
Mixed Use
Additional Details
Multifamily Units
5
Building Details
Building Size
4,665 SF
Year Built
1978
Tenancy
Multi
Listing Agency:
RE/MAX TerraSol
Listed By:
Leo Betancourt · License #01241497
(714) 308-7838
Source:
Summerperrygroup
Added: Jul 20
Changed: Oct 9
Last Checked: Oct 16 at 5:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX TerraSol
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Investment Insights
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This well-maintained 5-unit multi-family property was completed in May 2026. Improvements include a new roof on all structures, fresh exterior painting, fumigation for termite and Section 1 item clearance, and new Milgard windows and sliders on the front main structure. The front building also has four new single-car garage doors installed, and the property includes four single-car garages to the front along with a separate two-car garage toward the rear.
The unit mix consists of one 3-bedroom unit, three 2-bedroom units, and one studio. The property is located near downtown Huntington Beach, Pacific City, and nearby stores and restaurants, with the beach and Huntington Beach pier also described as a short distance away.
With its updated exterior and garage infrastructure supporting the existing floor plan, this is a compact apartment building configured around a diversified mix of studios, 2-bedroom, and 3-bedroom units.
The unit mix consists of one 3-bedroom unit, three 2-bedroom units, and one studio. The property is located near downtown Huntington Beach, Pacific City, and nearby stores and restaurants, with the beach and Huntington Beach pier also described as a short distance away.
With its updated exterior and garage infrastructure supporting the existing floor plan, this is a compact apartment building configured around a diversified mix of studios, 2-bedroom, and 3-bedroom units.
Key Highlights
- Five‑unit multifamily property completed May 2026 with new roof on all structures
- Freshly painted exterior
- Upgraded front main structure with new Milgard windows and sliders
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,565
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,011,300
$2.0M
Cap Rate 7%
$1,436,643
$1.4M
Cap Rate 9%
$1,117,389
$1.1M
Market Conditions
NOI Build-Up for 4,665 SF
Gross rent
$187.5K $40.20/SF
− Vacancy
−$4.7K −$1.01/SF
EGI
$182.8K $39.20/SF
− OpEx
−$82.3K −$17.64/SF
NOI
$100.6K $21.56/SF
Area
Huntington Beach, CA
Vacancy
2.50%
Lease Rate
$40.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,011,300
Cap Rate 7%
$1,436,643
Cap Rate 9%
$1,117,389
Alternative Uses
Best Use
Apartment 5plus
$1.44M
$1.26M – $1.68M
NOI $100,565 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.61M
$1.41M – $1.88M
NOI $112,856 @ 7.0% cap · market cap 4.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,603
Businesses Nearby
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Business Placement
Demographics for 92648, CA
46,691
Population
21,609
Households
2.2
Avg Household Size
44
Median Age
51%
College-Educated
95%
High-School Grad
8.0 sq mi
ZIP Area
5,836
Density / Sq Mi
$118,993
Median Household Income
$73,049
Median Earnings
$2,324
Median Rent
$1,176,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit multi-family property delivered May 2026 with new roof, exterior paint, and upgraded windows and sliders.
Where is this apartment building located?
The property is located at 1015 Georgia Street Huntington Beach, CA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Five‑unit multifamily property completed May 2026 with new roof on all structures; Freshly painted exterior; Upgraded front main structure with new Milgard windows and sliders
