42-Unit Apartment
New
For Sale
$21,900,000
18881 Mora Kai Lane, Huntington Beach, CA 92646
Garden-style residences combine two-bedroom flats and three-bedroom townhomes with private patios and in-unit laundry.
Property Size46,060 SF
Lot Size2.76 Acres
Days on Market5
Property Features for 18881 Mora Kai Lane
General Information
Standard status
Active
Size
46,060 SF
Net Rentable
46,060 SF
Lot size
2.76 Acres
Property subtype
Apartment
Site & Location
Neighborhood
Pacifica
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
22 x 2BR/2BA flat (avg 1,000 sf), 20 x 3BR/2BA townhome (avg 1,203 sf)
Multifamily Units
42
Additional Details
Cap Rate
5%
Tenant in Place
Yes
Amenities
private patio
in-unit washer and dryer
swimming pool
community building
landscaped courtyards
walkable pathways
storage spaces
Building Details
Building Size
46,060 SF
Year Built
1964
Construction
garden-style
Listing Agency:
Mark Bridge, Broker
Listed By:
Mark Bridge · License #01316702
(949) 681-8388
Source:
Altamirarealty
Added: Oct 28
Changed: Oct 31
Last Checked: Oct 30 at 12:43PM
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 Mark Bridge, Broker
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1964, this garden-style apartment community contains 42 residences across approximately 46,060 rentable square feet on a +-2.76-acre parcel. The mix includes 22 two-bedroom, two-bathroom flats averaging approximately 1,000 square feet and 20 three-bedroom, two-bathroom townhomes averaging approximately 1,203 square feet. Each home has a private patio and an in-unit washer and dryer; the flats have no units above or below. Twenty-one residences have been renovated. Shared amenities include landscaped courtyards, walkways, a central pool, and a community building. Parking is provided in carports, garages, and uncovered spaces, with additional street parking on Mora Kai Lane. Rented storage spaces are also on site.
The property is in Huntington Beach, east of Beach Boulevard and north of Garfield Avenue. Nearby retail includes Trader Joe's, Target, Ralphs, Albertsons, CVS, and Home Depot. Parks and recreation destinations in the surrounding area include Huntington Beach Central Park, the Huntington Beach Sports Complex, and Bolsa Chica State Beach. The I-405 and Pacific Coast Highway provide regional access.
The property is in Huntington Beach, east of Beach Boulevard and north of Garfield Avenue. Nearby retail includes Trader Joe's, Target, Ralphs, Albertsons, CVS, and Home Depot. Parks and recreation destinations in the surrounding area include Huntington Beach Central Park, the Huntington Beach Sports Complex, and Bolsa Chica State Beach. The I-405 and Pacific Coast Highway provide regional access.
Key Highlights
- 42 residences: 22 two‑bedroom, two‑bathroom flats and 20 three‑bedroom, two‑bathroom townhomes
- Approximately 46,060 rentable square feet on a +-2.76‑acre lot
- Built in 1964; 21 of 42 units have been renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$992,927
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$19,858,540
$19.9M
Cap Rate 7%
$14,184,671
$14.2M
Cap Rate 9%
$11,032,522
$11.0M
Market Conditions
NOI Build-Up for 46,060 SF
Gross rent
$1.85M $40.20/SF
− Vacancy
−$46.3K −$1.01/SF
EGI
$1.81M $39.20/SF
− OpEx
−$812.4K −$17.64/SF
NOI
$992.9K $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%
$19,858,540
Cap Rate 7%
$14,184,671
Cap Rate 9%
$11,032,522
Alternative Uses
Best Use
Apartment 5plus
$14.18M
$12.41M – $16.55M
NOI $992,927 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$15.92M
$13.93M – $18.57M
NOI $1,114,284 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
42
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,787
Businesses Nearby
Explore this area
Business Placement
Demographics for 92646, CA
56,788
Population
22,195
Households
2.6
Avg Household Size
46
Median Age
50%
College-Educated
95%
High-School Grad
8.1 sq mi
ZIP Area
7,011
Density / Sq Mi
$132,841
Median Household Income
$67,959
Median Earnings
$2,570
Median Rent
$1,031,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Garden-style residences combine two-bedroom flats and three-bedroom townhomes with private patios and in-unit laundry.
Where is this apartment building located?
The property is located at 18881 Mora Kai Lane Huntington Beach, CA.
What is the asking price?
The asking price for this property is $21,900,000.
What are key features of this property?
This property features: 42 residences: 22 two‑bedroom, two‑bathroom flats and 20 three‑bedroom, two‑bathroom townhomes; Approximately 46,060 rentable square feet on a +-2.76‑acre lot; Built in 1964; 21 of 42 units have been renovated
