18881 Mora Kai Lane, Huntington Beach, CA 92646
18881 Mora Kai Lane, Huntington Beach, CA 92646
18881 Mora Kai Lane, Huntington Beach, CA 92646
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Glen Henderson

Glen Henderson

+1(619) 889-7646
$20,995,000
Est. payment /mo
5 Beds
4 Baths
2.76 Acres Lot
Save

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26230847

Bedrooms 5

Lot Size 2.760 Acres

Property Sub-Type Res Income 2-4 Units

Type of Financing Cash

Property Type Res Income 2-4 Units

Property Description

We are pleased to present the Mora Kai Apartment Homes, located at 18881 Mora Kai Lane. This 42-unit multifamily investment opportunity is located in Huntington Beach. Built in 1964, the garden-style community totals approximately 46,060 rentable square feet on a 2.76-acre lot. The property offers a desirable unit mix of 22 single-story two-bedroom / two-bathroom flats averaging approximately 1,000 square feet and 20 three-bedroom / two-bathroom townhomes averaging approximately 1,203 square feet. Set along a quiet, low-density residential street with a single point of ingress and egress, the asset is a well-maintained, fee simple community with a stable tenant base and spacious, family-oriented floor plans that support long-term tenancy. Half (21) of the forty-two units have been renovated, leaving upside for a Buyer to increase the already high 5% current CAP rate even higher. Each residence includes a private patio and in-unit washer and dryer, and the flat units have no neighbors above or below. Landscaped courtyards and walkable pathways surround a central swimming pool and community building. Parking includes covered carports, garages, and uncovered spaces on site, supplemented by street parking along Mora Kai Lane, and rented storage spaces are available, providing additional ancillary income potential. The property is located in a premier Orange County coastal market, just east of Beach Boulevard and north of Garfield Avenue. Daily conveniences are within walking distance, including Trader Joe's, Target, Ralphs, Albertsons, CVS, and Home Depot, along with a wide sel

Location

State CA

County Orange

Zoning Assessor

Direction From Beach Boulevard, head east on Garfield Avenue. Turn left onto Mora Kai Lane. The property is located on the right

Interior

Fireplace No

Exterior

Pool Community/Common

View Y/N No

Roof Type Composition

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 15740235

Acceptable Financing Cash

Listing Terms Cash

Read Less Info
MLS Router / San Diego MLS
Listed by Mark Bridge, DRE#01316702 Mark Bridge, Broker 

Nearby School & Business

Get More Information

Glen Henderson

Glen Henderson

+1(619) 889-7646

Broker Associate CA BRE #01384181

Broker Associate CA BRE #01384181

Name

Name

Phone*

Phone

Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Premier Homes Team, a division of Big Block Realty, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

San Diego Communities