$5,250,000
$150K PRICE DROP

Estimated payment $33,801/month

Total Views 6,998
14 Beds
14 Baths
7,214 Sq Ft
$728 Price per Sq Ft

Highlights

  • Peek-A-Boo Views
  • 0.2 Acre Lot
  • Living Room Balcony
  • Agnes L. Smith Elementary Rated A-
  • No HOA
  • 5-minute walk to Huntington Beach Playground

About This Home

Located just two blocks from the sand and a short walk to the iconic Huntington Beach Pier, 221 10th St is a rare opportunity to own a stabilized, income-producing property in the heart of Surf City USA. This well-maintained, fully rented 9-unit building features (4) one-bedroom and (5) two-bedroom units, each with private balconies or patios. Tenants enjoy updated interiors, a shared laundry room, and ample parking, including (10) single-car garages and (2) additional open spaces. Situated on an oversized 8,749 +/- sqft triple lot, this turnkey asset is within walking distance to Main Street, Pacific City, top restaurants, shopping, and year-round events. With unmatched proximity to the beach lifestyle that draws millions annually, this property offers both long-term value and immediate cash flow in one of Southern California’s most desirable coastal communities.

Listing Agent

Andre White

Pacific Sotheby's Int'l Realty Brokerage Phone: 949-378-9653 License #01873658 Listed on: 06/20/2025

Pacific Sotheby's Int'l Realty

Co-Listing Agent

John Cain

Pacific Sotheby's Int'l Realty Brokerage Phone: 949-378-9653 License #01467294

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1973 | Remodeled

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 75x117
  • No Common Walls
  • Wood Fence
  • Front Yard Sprinklers

Parking

  • 10 Car Garage
  • 2 Open Parking Spaces
  • Parking Available

Home Design

  • Slab Foundation
  • Stucco

Interior Spaces

  • 7,214 Sq Ft Home
  • 2-Story Property
  • Peek-A-Boo Views
  • Laundry Room

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 14 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Living Room Balcony
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 19 / 210
  • Tax Tract Number 352
  • Assessor Parcel Number 02411509
  • $2,395 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 9 Units

Amenities

  • Laundry Facilities

Building Details

  • 9 Leased Units
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,457
  • Gardener Expense $2,280
  • Insurance Expense $2,457
  • Pest Control $1,056
  • Professional Management Expense $20,269
  • Trash Expense $2,457
  • Water Sewer Expense $2,457
  • New Taxes Expense $59,538
  • Operating Expense $120,593
  • Gross Income $309,228
  • Net Operating Income $188,635

Property Details

Home Type

Apartment

Year Built

Built in 1973 | Remodeled

Lot Details

0

Parking

10

Listing Details

  • Assessments: Yes
  • CapRate: 3.50
  • Price Per Unit: 583333
  • Professional Management Expense: 20269.00
  • Property Attached: No
  • Road Surface Type: Alley Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: /
  • View: Yes
  • Water Sewer Expenses: 2457.00
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 2280.00
  • Parcel Number: 02411509
  • Year Built: 1973
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Interior Amenities: Balcony, Living Room Balcony
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 727.75

Exterior Features

  • Foundation: Slab
  • Exterior Features: Lighting, Rain Gutters
  • View: Peek-A-Boo
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 10.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Individual Room
  • Pest Control Expense: 1056.00
  • Sewer: Public Sewer
  • Trash Expense: 2457.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinklers In Front
  • Lot Size: 75x117
  • Lot Size Sq Ft: 8712.00
  • Lot Size Acres: 0.2000
  • Latitude Manual: 33.66232100

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 647 Square Feet
  • Average2 Bed Area: 925 Square Feet
  • Electric Expense: 2457.00
  • Gross Income: 309228.00
  • Gross Multiplier: 17.40
  • Gross Operating Income: 309228.00
  • Gross Scheduled Income: 309228.00
  • Insurance Expense: 2457.00
  • Lot Size Area: 8712.0000 Square Feet
  • Net Operating Income: 188635.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 9
  • Number Of Units Total: 9
  • Operating Expense: 120593.00
  • Operating Expense Percent: 38.90
  • Rent Control: No
  • Total Actual Rent: 25769.00
  • Total Expenses: 120593.00

Tax Info

  • New Taxes Expense: 59538.00
  • Tax Block: 210
  • Tax Census Tract: 993.11
  • Tax Lot: 19
  • Tax Tract Number: 352
  • TaxOtherAnnualAssessmentAmount: 2395.00

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
07/14/2025 07/14/25 Price Changed $5,250,000 -2.8% $728 / Sq Ft
06/20/2025 06/20/25 For Sale $5,400,000 -- $749 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP25128596

California Regional Multiple Listing Service (CRMLS)