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Multifamily

214 Portland

214 Portland Ave, Huntington Beach, CA 92648

Listing Price: $2,500,000

Cap Rate
2.38%
Number of Units
4
Occupancy
97.0%
Price/Unit
$625,000
Price/Gross SF
$688.52
Gross SF
3,631

Investment Overview

214 Portland Avenue is a 4 unit apartment complex located the city of Huntington Beach, a world-renowned lifestyle community known for its year round beautiful weather, large sandy beaches, breathtaking scenic views, bike-friendly streets, shopping, restaurants, hotels and, of course, surfing. This property is in a prime location with local nearby shopping, Lake Park and, approximately one mile away, the iconic Downtown Huntington Beach and Huntington Pier. As such, the property merits an impressive walk score of 72 (”Very Walkable”). The property is comprised of 3 spacious two bedroom / one bath and 1 two bedroom / two bath units. All units have plank and tile flooring, upgraded kitchens with granite countertops, stainless steel appliances, a gas range, microwave oven, mirrored sliding closet doors and paneled interior doors. Three of the units have gas fireplaces and all units have a patio (the front unit has two patios) or a balcony. Given its layout and amenities, the front, two bedroom/two bath unit would make an ideal owner’s unit.

Investment Highlights

  • Exceptional Location Just One Mile From Downtown Huntington Beach
  • 21% Rental Upside
  • Well-Maintained, Upgraded
  • Outstanding Unit Mix - All 2 Bedrooms

Exclusively Listed By

Listing Price: $2,500,000

Cap Rate
2.38%
Number of Units
4
Occupancy
97.0%
Price/Unit
$625,000
Price/Gross SF
$688.52
Gross SF
3,631

Investment Highlights

  • Exceptional Location Just One Mile From Downtown Huntington Beach
  • 21% Rental Upside
  • Well-Maintained, Upgraded
  • Outstanding Unit Mix - All 2 Bedrooms

Investment Overview

214 Portland Avenue is a 4 unit apartment complex located the city of Huntington Beach, a world-renowned lifestyle community known for its year round beautiful weather, large sandy beaches, breathtaking scenic views, bike-friendly streets, shopping, restaurants, hotels and, of course, surfing. This property is in a prime location with local nearby shopping, Lake Park and, approximately one mile away, the iconic Downtown Huntington Beach and Huntington Pier. As such, the property merits an impressive walk score of 72 (”Very Walkable”). The property is comprised of 3 spacious two bedroom / one bath and 1 two bedroom / two bath units. All units have plank and tile flooring, upgraded kitchens with granite countertops, stainless steel appliances, a gas range, microwave oven, mirrored sliding closet doors and paneled interior doors. Three of the units have gas fireplaces and all units have a patio (the front unit has two patios) or a balcony. Given its layout and amenities, the front, two bedroom/two bath unit would make an ideal owner’s unit.

Exclusively Listed By

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