77-Unit Multifamily Complex in Huntington
For Sale
$36,000,000
19131 Delaware St, Huntington Beach, CA 92648
Exceptional renovated multifamily complex in Huntington Beach with value-add potential.
Property Size55,350 SF
Lot Size4.47 Acres
Days on Market204
Property Features for 19131 Delaware St
General Information
Standard status
Active
Size
55,350 SF
Lot size
4.47 Acres
Property subtype
Multifamily
Site & Location
Neighborhood
Pacifica
Amenities
77-Unit Multifamily Community in Huntington Beach
72 of 77 Units Renovated (2022–2023)
Over $2.8M Invested in Interior & Exterior Upgrades
Desirable Unit Mix: 39 One-Bedroom & 38 Two-Bedroom Units
Large 4.47-Acre Site with 17 Single-Story Buildings
Modern Unit Interiors with Quartz Counters, Stainless Appliances & In-Unit Laundry
Private Patios/Yards in Many Units
Amenity-Rich Community with Dog Park, BBQ Areas & Package Lockers
Building Details
Building Size
55,350 SF
Units
77
Listing Agency:
Orange County Office
(949) 419-3200
Listed By:
Tyler Leeson · License #CA: 01451551
(714) 713-9086
Source:
Marcusmillichap
Added: Apr 3
Changed: Oct 21
Last Checked: Oct 23 at 3:24AM
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 Orange County Office
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.
Huntington Manor Homes is a 77-unit multifamily complex situated on 4.47 acres in Huntington Beach. The property consists of 17 single-story buildings and features a mix of one and two-bedroom floor plans. Community amenities include a dog park, leasing office, carport and surface parking, central courtyards, and an on-site laundry facility. Current ownership has invested over $2.8 million in renovations, upgrading 72 of the 77 unit interiors with quartz countertops, stainless steel appliances, shaker-style cabinetry, tile backsplashes, vinyl flooring, dual-pane windows, in-unit laundry, and private patios. There is an opportunity to convert or create accessory dwelling units to diversify the unit mix and increase potential rental revenue. The property is located within 0.5 miles of 5 Points Plaza, Seacliff Village, and Newland Shopping Center, and within 2 miles of Downtown Huntington Beach, Huntington City Beach and Pier. Beach Boulevard provides access to employment hubs across Orange County.
Key Highlights
- Prime Huntington Beach location near retail, dining, and the beach.
- Substantial $2.8 million renovation program with high‑quality unit upgrades.
- Opportunity to increase revenue by adding accessory dwelling units.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,193,194
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$23,863,880
$23.9M
Cap Rate 7%
$17,045,629
$17.0M
Cap Rate 9%
$13,257,711
$13.3M
Market Conditions
NOI Build-Up for 55,350 SF
Gross rent
$2.23M $40.20/SF
− Vacancy
−$55.6K −$1.01/SF
EGI
$2.17M $39.20/SF
− OpEx
−$976.2K −$17.64/SF
NOI
$1.19M $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%
$23,863,880
Cap Rate 7%
$17,045,629
Cap Rate 9%
$13,257,711
Alternative Uses
Best Use
Apartment 5plus
$17.05M
$14.91M – $19.89M
NOI $1,193,194 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$19.13M
$16.74M – $22.32M
NOI $1,339,027 @ 7.0% cap · market cap 3.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Location Intelligence
Trade Area within ½ mile
2,514
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
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 - Exceptional renovated multifamily complex in Huntington Beach with value-add potential.
Where is this apartment building located?
The property is located at 19131 Delaware St Huntington Beach, CA.
What is the asking price?
The asking price for this property is $36,000,000.
What are key features of this property?
This property features: Prime Huntington Beach location near retail, dining, and the beach.; Substantial $2.8 million renovation program with high‑quality unit upgrades.; Opportunity to increase revenue by adding accessory dwelling units.
