Yorktown Apartments | 7701 Yorktown Ave
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Yorktown Apartments 7701 Yorktown Ave
18 Unit Apartment Building $7,600,000 ($422,222/Unit) 4.51% Cap Rate Huntington Beach, CA 92648
Investment Highlights
- Assumable Financing Available - Current Fannie Mae Loan Assumable at 5.01% Interest Rate Fixed Until April 2032 (Loan Amount $3.312M)
- Majority Two-Bedroom Floor Plans
- Laundry Facilities, Community Courtyard & Picnic Area, Well-Parked, On-Site Manager & Professional Off-Site Management Company
- Recent Capital Improvements - Repainted Entire Building, New Garage Roofs, Lower Level Roofs Replaced, Stairs & Walkway Repairs, New Washer/Dryers
- First Time on Market in Over 30 Years
- ADU Potential - Opportunity to Convert Garages into (2) Studio ADUs
Executive Summary
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.
Property Facts
| Price | $7,600,000 | Apartment Style | Low Rise |
| Price Per Unit | $422,222 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.70 AC |
| Cap Rate | 4.51% | Building Size | 15,903 SF |
| Gross Rent Multiplier | 13.52 | No. Stories | 2 |
| No. Units | 18 | Year Built/Renovated | 1973/1999 |
| Property Type | Multifamily | Parking Ratio | 2.2/1,000 SF |
| Property Subtype | Apartment |
| Price | $7,600,000 |
| Price Per Unit | $422,222 |
| Sale Type | Investment |
| Cap Rate | 4.51% |
| Gross Rent Multiplier | 13.52 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.70 AC |
| Building Size | 15,903 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1973/1999 |
| Parking Ratio | 2.2/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Large Bedrooms
Site Amenities
- Courtyard
- Laundry Facilities
- Picnic Area
- Property Manager on Site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 17 | $2,540 | 912 |
| Studios | 1 | $1,700 | 400 |
Walk Score ®
Very Walkable (76)
Bike Score ®
Very Bikeable (88)
PROPERTY TAXES
| Parcel Number | 025-062-24 | Improvements Assessment | $600,691 |
| Land Assessment | $184,832 | Total Assessment | $785,523 |
PROPERTY TAXES
Parcel Number
025-062-24
Land Assessment
$184,832
Improvements Assessment
$600,691
Total Assessment
$785,523
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Yorktown Apartments | 7701 Yorktown Ave
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