22-Unit Apartment
For Sale
$8,800,000
17062 B Ln, Huntington Beach, CA 92647
Single-story residences offer garage parking, open parking, and individual washer/dryer hookups.
Property Size20,570 SF
Lot Size1.38 Acres
Price / SF$427.81
Days on Market54
Property Features for 17062 B Ln
General Information
Standard status
Active
Size
20,570 SF
Lot size
1.38 Acres
Property subtype
Residential Income
Site & Location
Neighborhood
Ocean View
Units
Unit Mix
22 x 2BR
Multifamily Units
22
Parking per Unit
2
Amenities
washer/dryer hookups
wall furnace heating
Building Details
Stories
1
Listing Agency:
CB Richard Ellis, Inc.
Listed By:
Michael O'Neill II · License #CA 02036937
(949) 809-3615
Source:
Exprealty
Added: Sep 14
Changed: Nov 2
Last Checked: Nov 4 at 5:13PM
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 CB Richard Ellis, Inc.
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Investment Insights
Based on property information with market context.
This apartment property comprises 22 single-story, two-bedroom units across four contiguous parcels totaling 1.38 acres. Each residence includes washer/dryer hookups and wall furnace heating, along with one assigned garage and one open parking space. The property also includes detached garages identified for potential conversion to ADUs.
Located in Huntington Beach, the asset carries a Walk Score of 83, with shopping, dining, and the coast accessible from the surrounding area. The combination of unit count, private garage parking, and parcel configuration creates a substantial multifamily property with multiple existing physical features.
Located in Huntington Beach, the asset carries a Walk Score of 83, with shopping, dining, and the coast accessible from the surrounding area. The combination of unit count, private garage parking, and parcel configuration creates a substantial multifamily property with multiple existing physical features.
Key Highlights
- 22 single‑story two‑bedroom apartment units
- 1.38 acres across four contiguous parcels
- Each unit includes one assigned garage and one open parking space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$443,433
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,868,660
$8.9M
Cap Rate 7%
$6,334,757
$6.3M
Cap Rate 9%
$4,927,033
$4.9M
Market Conditions
NOI Build-Up for 20,570 SF
Gross rent
$826.9K $40.20/SF
− Vacancy
−$20.7K −$1.01/SF
EGI
$806.2K $39.20/SF
− OpEx
−$362.8K −$17.64/SF
NOI
$443.4K $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%
$8,868,660
Cap Rate 7%
$6,334,757
Cap Rate 9%
$4,927,033
Alternative Uses
Best Use
Apartment 5plus
$6.33M
$5.54M – $7.39M
NOI $443,433 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.11M
$6.22M – $8.29M
NOI $497,629 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
22
Residential units
Location Intelligence
Trade Area within ½ mile
2,276
Businesses Nearby
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Business Placement
Demographics for 92647, CA
60,455
Population
22,340
Households
2.7
Avg Household Size
38
Median Age
39%
College-Educated
91%
High-School Grad
7.5 sq mi
ZIP Area
8,061
Density / Sq Mi
$107,877
Median Household Income
$47,882
Median Earnings
$2,400
Median Rent
$963,900
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 - Single-story residences offer garage parking, open parking, and individual washer/dryer hookups.
Where is this apartment building located?
The property is located at 17062 B Ln Huntington Beach, CA.
What is the asking price?
The asking price for this property is $8,800,000.
What are key features of this property?
This property features: 22 single‑story two‑bedroom apartment units; 1.38 acres across four contiguous parcels; Each unit includes one assigned garage and one open parking space
