8-Unit Spanish-Style Apartment
18911 Florida Street, Huntington Beach, CA 92648
For Sale
$3,750,000
Eight residences feature consistent layouts, laundry hookups, and deck space in a multifamily property near shopping and the beach.
Property Size8,729 SF
Days on Market117
Property Features for 18911 Florida Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Listing Agency:
American Realty Services
Listed By:
Robert Ludwick · License #02246048
Source:
Altamirarealty
Added: Jul 16
Changed: Nov 5
Last Checked: Nov 8 at 2:44PM
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 American Realty Services
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Investment Insights
Based on property information with market context.
Built in 1973, this Spanish-style apartment property contains eight residences, each configured with two bedrooms and one-and-a-half baths. Units include hookups for stackable washer and dryer installations, along with a spacious deck. The consistent unit layout provides a straightforward multifamily configuration.
The property occupies a large rectangular lot measuring 0.39 acres, or 16988 square feet, in Huntington Beach. Five-Points Plaza and Beach Garfield Shopping Center are nearby, providing access to dining and shopping. The beach is also located within a short distance of the property.
The property occupies a large rectangular lot measuring 0.39 acres, or 16988 square feet, in Huntington Beach. Five-Points Plaza and Beach Garfield Shopping Center are nearby, providing access to dining and shopping. The beach is also located within a short distance of the property.
Key Highlights
- 8‑unit Spanish‑style apartment property built in 1973
- All units offer two bedrooms and one‑and‑a‑half baths
- Stackable washer/dryer hookups and a spacious deck in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$188,173
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,763,460
$3.8M
Cap Rate 7%
$2,688,186
$2.7M
Cap Rate 9%
$2,090,811
$2.1M
Market Conditions
NOI Build-Up for 8,729 SF
Gross rent
$350.9K $40.20/SF
− Vacancy
−$8.8K −$1.01/SF
EGI
$342.1K $39.20/SF
− OpEx
−$154.0K −$17.64/SF
NOI
$188.2K $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%
$3,763,460
Cap Rate 7%
$2,688,186
Cap Rate 9%
$2,090,811
Alternative Uses
Best Use
Apartment 5plus
$2.69M
$2.35M – $3.14M
NOI $188,173 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.02M
$2.64M – $3.52M
NOI $211,172 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,190
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
$1,176,000
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Orange County, CA
Properties on Market for Apartment buildings in Orange County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Eight residences feature consistent layouts, laundry hookups, and deck space in a multifamily property near shopping and the beach.
Where is this apartment building located?
The property is located at 18911 Florida Street Huntington Beach, CA.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: 8‑unit Spanish‑style apartment property built in 1973; All units offer two bedrooms and one‑and‑a‑half baths; Stackable washer/dryer hookups and a spacious deck in each unit
