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18652 Libra Cir

4 Unit Apartment Building $2,250,000 ($562,500/Unit) 2.94% Cap Rate Huntington Beach, CA 92646

Investment Highlights

  • One-, Two- & Three-Bedroom Floorplans, Single-Story Three-Bedroom Front "Owner's" Unit
  • Value-Add Opportunity - Opportunity to Increase Rents by 20%
  • Flat Roofs Replaced in 2024
  • Desirable Huntington Beach Location - Located on a Quiet Cul-de-Sac
  • Invest & Occupy Opportunity
  • Ample Parking Includes 1:1 Parking Space to Bedroom Ratio

Executive Summary

Located in Huntington Beach, one of the best rental markets of Southern California, 18652 Libra Circle is a fourplex multifamily investment opportunity. The value-add property has an attractive unit mix consisting of one-, two- and three-bedroom floorplans. Recent renovations include all flat roofs replaced in 2024. The property offers a single-story "owner's" unit at the front of the building and well-parked with a 1:1 parking space to bedroom ratio.

Property Facts

Price $2,250,000
Price Per Unit $562,500
Sale Type Investment
Cap Rate 2.94%
Gross Rent Multiplier 20.97
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Lot Size 0.18 AC
Building Size 3,795 SF
No. Stories 2
Year Built 1977
Parking Ratio 2.11/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 1 $1,800 680
2+2 2 $2,100 920
3+2 1 $2,795 1,275
Walk Score ®
Very Walkable (76)
Bike Score ®
Very Bikeable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
157-471-16
Land Assessment
$1,295,058
Improvements Assessment
$207,221
Total Assessment
$1,502,279
  • Listing ID: 34097298

  • Date on Market: 12/5/2024

  • Last Updated:

  • Address: 18652 Libra Cir, Huntington Beach, CA 92646

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