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19131 19161 Delaware Street
USD 37,500,000
Property ID: OC23179802
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19131 19161 Delaware Street ,92648
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icon 194714 SqFt
icon Built in 1943
icon USD 193/SqFt
icon 0 Bed
icon 0 Full
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Location Street View
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Interior Details
Bedrooms
0
Bathrooms
0
Interior Size
55350
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1943
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Detailed Introduction Of This Home
Huntington Manor is a 77-unit multifamily investment opportunity located in Huntington Beach, CA. Situated across 16 single-story buildings on a spacious 4.47-acre double lot, Huntington Manor offers an excellent mix of one and two-bedroom floor plans and a comprehensive community amenity package that includes a dog park, leasing office, ample carport and surface parking, spacious central courtyards, and an on-site laundry facility. With a prime Huntington Beach location, residents of Huntington Manor are at the epicenter of all that Huntington Beach has to offer. The property is located within a 0.50-mile radius of 5 Points Plaza, Seacliff Village, and Newland Shopping Center, providing residents convenient access to everyday needs. Additionally, residents enjoy Huntington Manor’s close proximity, just 0.85 miles, to Huntington Central Park and the plethora of outdoor activities it provides. Huntington Manor is within 2 miles of Downtown Huntington Beach, the vibrant city center featuring an abundance of popular restaurants, bars, and retailers, as well as the world-famous Huntington City Beach, home to the US Open of Surfing. Furthermore, residents benefit from Huntington Manor’s close proximity to Beach Boulevard, connecting residents to employment hubs throughout Orange County. Huntington Manor represents a unique, turnkey investment opportunity with additional upside potential. Current ownership has implemented an in-depth renovation program to revitalize the asset, investing more than $2.8 million across unit interior and exterior upgrades. Renovated unit interiors feature high-quality finishes including quartz countertops, stainless steel appliances, shaker-style cabinetry, tile backsplashes, vinyl flooring, dual-pane windows, in-unit laundry, and spacious private patios. Additionally, a new owner has the opportunity to capitalize on underutilized community space by converting it to four accessory dwelling units, which would diversify the unit mix and increase potential rental revenue. Furthermore, Huntington Beach’s continued strong rental metrics, including a Q1 2023 occupancy rate of 96.3 percent and a year-over-year rent growth of 7.5 percent for 2022, are evidence of the substantial demand for rental units in the city.
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Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
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Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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19131 19161 Delaware Street
USD 37,500,000 0 Beds
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