4-Unit Quadplex with
For Sale
$2,100,000
215 Detroit Avenue Huntington, Huntington Beach, CA 92648
Fully leased residential property with private patios, rear laundry and storage, and individual garages.
Property Size3,571 SF
Lot Size0.14 Acres
Price / SF$588.07
Days on Market75
Property Features for 215 Detroit Avenue Huntington
General Information
Standard status
Active
Size
3,571 SF
Total Parking Spaces
4
Lot size
0.14 Acres
Property subtype
Quadruplex
Occupancy
100%
Site & Location
Neighborhood
Downtown
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Amenities
private patios
laundry room
storage room
Wall Furnace
Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available, Composition
Building Details
Year Built
1970
Stories
2
Listing Agency:
Nohco Real Estate
Listed By:
Brian Noh · License #01438155
(949) 308-5775
Source:
Kw
Added: Aug 13
Changed: Oct 25
Last Checked: Oct 24 at 9:34PM
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 Nohco Real Estate
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Investment Insights
Based on property information with market context.
This 4-unit residential property in Huntington Beach contains 3,571 square feet and was built in 1970. Each unit has a private patio, with parking provided at both the front and rear. Four garages are situated behind the building, alongside a laundry and storage room. Wall furnaces serve the units. The garages may offer potential for ADU conversion.
The property sits approximately one-half mile from the beach and Pacific Coast Highway. Nearby destinations include the Huntington Beach Pier, Pacific City, local shops, and restaurants. The 6,188-square-foot lot and four-unit configuration complete the property’s principal physical features.
The property sits approximately one-half mile from the beach and Pacific Coast Highway. Nearby destinations include the Huntington Beach Pier, Pacific City, local shops, and restaurants. The 6,188-square-foot lot and four-unit configuration complete the property’s principal physical features.
Key Highlights
- Four residential units totaling 3,571 square feet
- Fully occupied at present
- Four rear garages with potential for ADU conversion
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,455
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,669,100
$1.7M
Cap Rate 7%
$1,192,214
$1.2M
Cap Rate 9%
$927,278
$927.3K
Market Conditions
NOI Build-Up for 3,571 SF
Gross rent
$122.1K $34.20/SF
− Vacancy
−$2.9K −$0.81/SF
EGI
$119.2K $33.39/SF
− OpEx
−$35.8K −$10.02/SF
NOI
$83.5K $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%
$1,669,100
Cap Rate 7%
$1,192,214
Cap Rate 9%
$927,278
Alternative Uses
Best Use
Multifamily LT 5
$1.19M
$1.04M – $1.39M
NOI $83,455 @ 7.0% cap · market cap 3.97%
Second Best
Apartment 5plus
$1.10M
$962.3K – $1.28M
NOI $76,981 @ 7.0% cap · market cap 3.67%
Theoretical Best
Specialty Retail
$1.23M
$1.08M – $1.44M
NOI $86,390 @ 7.0% cap · market cap 4.11%
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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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,896
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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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?
Quadplex - Fully leased residential property with private patios, rear laundry and storage, and individual garages.
Where is this quadplex located?
The property is located at 215 Detroit Avenue Huntington Huntington Beach, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Four residential units totaling 3,571 square feet; Fully occupied at present; Four rear garages with potential for ADU conversion
