Renovated 4-Unit
425 15th St, Huntington Beach, CA 92648
For Sale
$2,800,000
Pending
Interior upgrades include granite countertops, stainless steel appliances, private patios, and renovated bathrooms.
Property Size4,081 SF
Days on Market167
Property Features for 425 15th St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
on-site laundry
courtyard-style setting
private patios
fireplaces
Listing Agency:
Kirklen Investment Group
(949) 942-1300
Listed By:
Jason Kirklen · License CA #01939655
(949) 942-1302
Source:
Exprealty
Added: May 28
Changed: Nov 8
Last Checked: Nov 8 at 11:58AM
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 Kirklen Investment Group
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Investment Insights
Based on property information with market context.
This four-unit multifamily property contains approximately 4,081 square feet across one three-bedroom unit, two two-bedroom units, and one one-bedroom unit. Interior improvements include upgraded flooring, granite countertops, tile kitchen backsplashes, stainless steel appliances, and renovated bathrooms. Each unit has a private patio, and select units also have fireplaces. Exterior work includes new paint, a roof, doors, and windows. The property also has six garage spaces, on-site laundry, and a courtyard setting.
At 425 15th Street in Huntington Beach, the property is a short walk from the Pacific Ocean and several blocks from Main Street and the Huntington Beach Pier. Its corner-lot setting places the four-unit building within reach of coastal dining, retail, and entertainment.
At 425 15th Street in Huntington Beach, the property is a short walk from the Pacific Ocean and several blocks from Main Street and the Huntington Beach Pier. Its corner-lot setting places the four-unit building within reach of coastal dining, retail, and entertainment.
Key Highlights
- Four units totaling approximately 4,081 square feet
- Unit mix: one 3‑bedroom, two 2‑bedroom, and one 1‑bedroom unit
- Six garage spaces and on‑site laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,374
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,907,480
$1.9M
Cap Rate 7%
$1,362,486
$1.4M
Cap Rate 9%
$1,059,711
$1.1M
Market Conditions
NOI Build-Up for 4,081 SF
Gross rent
$139.6K $34.20/SF
− Vacancy
−$3.3K −$0.81/SF
EGI
$136.2K $33.39/SF
− OpEx
−$40.9K −$10.02/SF
NOI
$95.4K $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%
$1,907,480
Cap Rate 7%
$1,362,486
Cap Rate 9%
$1,059,711
Alternative Uses
Best Use
Multifamily LT 5
$1.36M
$1.19M – $1.59M
NOI $95,374 @ 7.0% cap · market cap 3.41%
Second Best
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $87,975 @ 7.0% cap · market cap 3.14%
Theoretical Best
Specialty Retail
$1.41M
$1.23M – $1.65M
NOI $98,728 @ 7.0% cap · market cap 3.53%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
980
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
Properties on Market for Quadplexes in Huntington Beach
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Interior upgrades include granite countertops, stainless steel appliances, private patios, and renovated bathrooms.
Where is this quadplex located?
The property is located at 425 15th St Huntington Beach, CA.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Four units totaling approximately 4,081 square feet; Unit mix: one 3‑bedroom, two 2‑bedroom, and one 1‑bedroom unit; Six garage spaces and on‑site laundry
