Four-Unit Coastal
For Sale
$2,849,000
Pending
123 14th Street, Huntington Beach, CA 92648
Coastal four-unit property with varied floor plans, private outdoor areas, garages, and on-site laundry.
Property Size4,316 SF
Days on Market57
Property Features for 123 14th Street
General Information
Standard status
Pending
Size
4,316 SF
Total Parking Spaces
7
Property subtype
Quadruplex
Site & Location
Neighborhood
Townlot
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
Year Renovated
2024
Listing Agency:
Morgan Skenderian
Listed By:
Damien Breaux · License #01460301
(949) 584-0503
Source:
Altamirarealty
Added: Aug 28
Changed: Oct 18
Last Checked: Oct 21 at 5:05AM
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
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Investment Insights
Based on property information with market context.
This four-unit coastal multifamily property was constructed in 1973 and includes 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 serving the 3BR unit. A replacement roof was completed in 2024, and the building has newer electrical panels.
The property is located at 123 14th Street in Huntington Beach, within the area identified as the “100 Block” and close to the sand. Pacific City is minutes away, with 31 acres of oceanfront setting and 60+ retail and dining options. Main Street and downtown Huntington Beach are also nearby for additional dining, shopping, and entertainment activity.
The property is located at 123 14th Street in Huntington Beach, within the area identified as the “100 Block” and close to the sand. Pacific City is minutes away, with 31 acres of oceanfront setting and 60+ retail and dining options. Main Street and downtown Huntington Beach are also nearby for additional dining, shopping, and entertainment activity.
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; newer electrical panels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,866
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Coastal four-unit property with varied floor plans, private outdoor areas, garages, and on-site laundry.
Where is this quadplex located?
The property is located at 123 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; newer electrical panels
