7701 Yorktown Ave - Apartments FOR SALE


Huntington Beach, CA 92648
$7,600,000 USD
951-756-0448
7701 Yorktown Ave, Huntington Beach, CA for Sale
$7,600,000 USD
Apartments - FOR SALE
1/10
null | 4.51% Cap Rate

7701 Yorktown Ave
Huntington Beach, CA 92648


HIGHLIGHTS

  • Assumable Financing Available - Current Fannie Mae Loan Assumable at 5.01% Interest Rate Fixed Until April 2032 (Loan Amount $3.312M)
  • Recent Capital Improvements - Repainted Entire Building, New Garage Roofs, Lower Level Roofs Replaced, Stairs & Walkway Repairs, New Washer/Dryers
  • Majority Two-Bedroom Floor Plans
  • First Time on Market in Over 30 Years
  • Laundry Facilities, Community Courtyard & Picnic Area, Well-Parked, On-Site Manager & Professional Off-Site Management Company
  • ADU Potential - Opportunity to Convert Garages into (2) Studio ADUs

OVERVIEW

The Yorktown Apartments is an 18-unit multifamily investment opportunity located 2-miles away from the Huntington Beach Pier. The property features a unit mix of (17) two-bedroom & (1) studio units. The desirable amenities include private patio/balcony in select units, community courtyard & picnic areas, and laundry facilities. The property is well-parked with an on-site Manager and off-site management company. Recent capital improvements include repainted entire building, new garage roofs, lower level roof replacement, stairs & elevated walkway repairs and new washer and dryers.

FOR SALE DETAILS

PRICE

$7,600,000 USD

PRICE/SF

$478 USD /SF

# OF UNITS

18

PRICE/UNIT

$422,222

CAP RATE

4.51%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Yorktown Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

-

APN/PARCEL ID

025-062-24

ASK ABOUT THIS PROPERTY

951-756-0448

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

951-756-0448

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