Quadplex with Updated
New
For Sale
$2,849,000
119 14th Street, Huntington Beach, CA 92648
Coastal four-unit property with varied layouts, private outdoor spaces, garages, laundry, and updated building systems.
Property Size4,316 SF
Days on Market6
Property Features for 119 14th Street
General Information
Standard status
Active
Size
4,316 SF
Total Parking Spaces
7
Property subtype
Quadruplex
Units
Unit Mix
1 x 3BR/2.5BA, 2 x 2BR/2BA, 1 x 2BR/1.5BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$32,427
Amenities
patios
balconies
on-site laundry
fireplace
Building Details
Building Size
4,316 SF
Year Built
1973
Listing Agency:
Morgan Skenderian
(949) 584-0503
Listed By:
Damien Breaux · License #01460301
Source:
Velocityrealtysd
Added: Aug 28
Changed: Aug 31
Last Checked: Aug 31 at 9:28PM
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 Morgan Skenderian
Investment Insights
Based on property information with market context.
This four-unit coastal multifamily property, constructed in 1973, offers a mix of one 3BR/2.5BA residence, two 2BR/2BA residences, and one 2BR/1.5BA residence. Property features include seven single-car garages, patios, balconies, on-site laundry, and a fireplace in the largest unit. A new roof was completed in 2024, and the building has newer electrical panels.
The property is located at 119 14th Street in Huntington Beach, within the 100 Block area and steps from the sand. Pacific City, a 31-acre oceanfront destination with 60+ retail and dining options, is minutes away. Main Street provides additional dining, shopping, and social amenities nearby.
The property is located at 119 14th Street in Huntington Beach, within the 100 Block area and steps from the sand. Pacific City, a 31-acre oceanfront destination with 60+ retail and dining options, is minutes away. Main Street provides additional dining, shopping, and social amenities nearby.
Key Highlights
- Four‑unit coastal multifamily property built in 1973
- Unit mix: one 3BR/2.5BA, two 2BR/2BA, and one 2BR/1.5BA
- New roof completed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$100,866
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,017,320
$2.0M
Cap Rate 7%
$1,440,943
$1.4M
Cap Rate 9%
$1,120,733
$1.1M
Market Conditions
NOI Build-Up for 4,316 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$147.6K $34.20/SF
− Vacancy
−$3.5K −$0.81/SF
EGI
$144.1K $33.39/SF
− OpEx
−$43.2K −$10.02/SF
NOI
$100.9K $23.37/SF
Area
Huntington Beach, CA
Vacancy
2.38%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,017,320
Cap Rate 7%
$1,440,943
Cap Rate 9%
$1,120,733
Alternative Uses
Best Use
Multifamily LT 5
$1.44M
$1.26M – $1.68M
NOI $100,866 @ 7.0% cap · market cap 3.54%
Second Best
Apartment 5plus
$1.33M
$1.16M – $1.55M
NOI $93,041 @ 7.0% cap · market cap 3.27%
Theoretical Best
Specialty Retail
$1.49M
$1.31M – $1.74M
NOI $104,413 @ 7.0% cap · market cap 3.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,039
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Coastal four-unit property with varied layouts, private outdoor spaces, garages, laundry, and updated building systems.
Where is this quadplex located?
The property is located at 119 14th Street Huntington Beach, CA.
What is the asking price?
The asking price for this property is $2,849,000.
What are key features of this property?
This property features: Four‑unit coastal multifamily property built in 1973; Unit mix: one 3BR/2.5BA, two 2BR/2BA, and one 2BR/1.5BA; New roof completed in 2024
