6-Unit Multifamily
731 Owen Drive Huntington Beach, CA 92648
731 Owen Drive, Huntington Beach, CA, 92648
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For Sale
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Built in 1962, this six-unit multifamily property offers two studios and four 2-bedroom units with upgraded features.
Property Size4,584 SF
Lot Size0.15 Acres
Price / SF$522.47
Days on Market58
Property Features for 731 Owen Drive
General Information
- Standard status
- Active
- Size
- 4,584 SF
- Lot size
- 0.15 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1962
Listing agency
Marcus & Millichap - Orange County
(949) 419-3200
Listed by
Tyler Leeson · License #CA 01451551
Source
Crexi
Added: May 26 Updated: Jul 21 at 11:48PM Checked: Jul 21 at 11:48PM
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 Marcus & Millichap - Orange County
Investment Insights
Based on property information with market context.
This 6-unit multifamily property was built in 1962 and includes 2 studio units and 4 two-bedroom/one-bath units. The property has been well maintained and upgraded, including renovated unit interiors, dual-pane windows, individual water heaters, and security doors. Garage parking is available, and in-unit laundry is included in select units.
The asset is located near Beach Boulevard and Yorktown Avenue in Huntington Beach, California, with convenient access to nearby retail, grocery options, restaurants, services, schools, Downtown Huntington Beach, Pacific City, the beach, and Huntington Central Park. The property has also completed its SB 721 inspection.
For viewing, drive-by only; please do not walk the property or disturb residents. This is presented as a stabilized, turnkey opportunity with in-place income.
The asset is located near Beach Boulevard and Yorktown Avenue in Huntington Beach, California, with convenient access to nearby retail, grocery options, restaurants, services, schools, Downtown Huntington Beach, Pacific City, the beach, and Huntington Central Park. The property has also completed its SB 721 inspection.
For viewing, drive-by only; please do not walk the property or disturb residents. This is presented as a stabilized, turnkey opportunity with in-place income.
Key Highlights
- 6‑unit multifamily built in 1962 with 4,584 rentable SF on a 0.15‑acre parcel
- Unit mix includes two studio units and four 2 bed/1 bath units
- Renovated units plus dual‑pane windows and individual water heaters
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $184.3k | $40.20 |
| − Vacancy | −$4.6k | −$1.01 |
| EGI | $179.7k | $39.20 |
| − OpEx | −$80.9k | −$17.64 |
| NOI | $98.8k | $21.56 |
4,584 SF · lease $40.20/SF/yr · vacancy 2.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.41M
$1.24M – $1.65M
NOI $98,818 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.58M
$1.39M – $1.85M
NOI $110,896 @ 7.0% cap · market cap 4.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Built in 1962, this six-unit multifamily property offers two studios and four 2-bedroom units with upgraded features.
Where is this apartment building located?
The property is located at 731 Owen Drive Huntington Beach, CA.
What is the asking price?
The asking price for this property is $2,395,000.
What are key features of this property?
This property features: 6‑unit multifamily built in 1962 with 4,584 rentable SF on a 0.15‑acre parcel; Unit mix includes two studio units and four 2 bed/1 bath units; Renovated units plus dual‑pane windows and individual water heaters
