$2,600,000

1015 Georgia St Huntington Beach, CA 92648

Estimated payment $16,657/month

Total Views 7,864
10 Beds
6 Baths
4,665 Sq Ft
$557 Price per Sq Ft

Highlights

  • Laundry Room
  • John R. Peterson Elementary Rated A-
  • Central Heating

About This Home

A rare, well maintained 5 unit multi-family property located near downtown Huntington Beach. This property is currently occupied with great tenants, 4 of which are on leases and one month to month. There are 3 units with 2 bedrooms, 1 unit that has 3 bedrooms and 1 studio apt. There are 4 single car garages to the front of the building and a separate 2 car garage located to the rear of the property. Each unit is separately metered and the entire property is professionaly managed by a property managment company. However, this property can easily be maintained by an owner/manager and would increase your cap rate. The property is conveniently located just a short distance to downtown, the pier and the beach.

Listing Agent

Leo Betancourt

RE/MAX TerraSol Brokerage Phone: 714-308-7838 License #01241497 Listed on: 05/19/2025

RE/MAX TerraSol

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 7,405 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 8 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 4,665 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot B
  • Tax Tract Number 813
  • Assessor Parcel Number 02517315
  • $1,253 per year additional tax assessments

Community Details

Overview

  • 5 Units
  • Huntington West Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters
  • Electric Expense $2,694
  • Gardener Expense $1,100
  • Insurance Expense $2,553
  • Maintenance Expense $255
  • Other Expense $2,950
  • Pest Control $660
  • Professional Management Expense $9,048
  • Trash Expense $2,375
  • Water Sewer Expense $2,371
  • Operating Expense $29,337
  • Gross Income $132,313
  • Net Operating Income $91,078

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Parking

8

Listing Details

  • CapRate: 3.50
  • Other Phone Description: 714-308-7838
  • Other Phone Number: 949-933-3306
  • Price Per Unit: 520000
  • Professional Management Expense: 9048.00
  • Property Attached: Yes
  • Subdivision Name Other: Huntington West (HWST)
  • Water Sewer Expenses: 2371.00
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1100.00
  • Parcel Number: 02517315
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 557.34

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area
  • Pest Control Expense: 660.00
  • Sewer: Public Sewer
  • Trash Expense: 2375.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Multi Family

  • Electric Expense: 2694.00
  • Gross Income: 132313.00
  • Gross Operating Income: 132313.00
  • Gross Scheduled Income: 132313.00
  • Insurance Expense: 2553.00
  • Lot Size Area: 7405.0000 Square Feet
  • Maintenance Expense: 255.00
  • Net Operating Income: 91078.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Total: 5
  • Operating Expense: 41235.00
  • Other Expense: 2950.00
  • Other Expense Description: Painting
  • Rent Control: No
  • Total Expenses: 29337.00

Tax Info

  • Tax Lot: B
  • Tax Tract Number: 813
  • TaxOtherAnnualAssessmentAmount: 1253.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2025 05/19/25 For Sale $2,600,000 0.0% $557 / Sq Ft
07/08/2015 07/08/15 Rented $1,975 0.0% --
07/08/2015 07/08/15 For Rent $1,975 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25106441

California Regional Multiple Listing Service (CRMLS)