2501 Florida St - Apartments FOR SALE


Huntington Beach, CA 92648
$3,250,000 USD
949-717-5211
2501 Florida St, Huntington Beach, CA for Sale
$3,250,000 USD
Apartments - FOR SALE
1/13
null | 4.87% Cap Rate

2501 Florida St
Huntington Beach, CA 92648


HIGHLIGHTS

  • Average Unit Size 1,100
  • Predominately Townhouse Style Floorplans with Direct Access Garages
  • Rarely Available 4.80% In-Place Cap Rate, 5.52% Market Cap Rate
  • New Roof and Exterior Woodwork/Paint
  • Some Interior Renovation Including Washer/Dryer For Each Unit
  • All Units Feature a Patio or Balcony

OVERVIEW

Florida Street Townhomes is a 6-unit value-add investment opportunity with projected obtainable rental upside. Florida features predominately large townhouse style floorplans with direct access garages and washer/dryers in unit. The property has undergone partial renovation including interiors, along with recent exterior woodwork, paint and roof. Florida features strong in-place (4.87% Cap Rate) cashflow with upside as neighboring property (directly adjacent property) has proven market rents. The residents of Florida Street enjoy access to world class beaches, entertainment venues and easy access to the top employment centers in Southern California.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$492 USD /SF

# OF UNITS

6

PRICE/UNIT

$541,667

CAP RATE

4.87%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Florida Street Townhomes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

RMH

APN/PARCEL ID

025-111-58

ASK ABOUT THIS PROPERTY

Peter HauserNorthmarqMore Info
949-717-5211

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Peter HauserNorthmarqMore Info
949-717-5211

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.