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John Fagan

john@johnfagangroup.com +1(669) 303-8501

Listed by Mark Bridge, DRE #01316702 • Mark Bridge, Broker

$ 21,900,000

Est. payment | -/mo

2 Sqft Lot

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$ 21,900,000

Est. payment | -/mo

Save

2 Sqft Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CROC26230847

Year Built 1964

Lot Size 2 Sqft

Source California Regional MLS

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 ad

Location

State CA

County Orange

Area 14 - South Huntington Beach

Rooms

Kitchen Garbage Disposal, Hood Over Range, Microwave, Other, Oven Range - Gas, Oven - Gas

Interior

Heating Gas, Wall Furnace

Laundry Other

Exterior

Parking Features Assigned Spaces, Carport , Covered Parking, Garage, Other, Parking Area, Uncovered Parking

Garage Spaces 94.0

Pool 31, Pool - Fenced, Community Facility

Roof Type Shingle,Composition

Building

Lot Description Paved

Water District - Public

Others

Tax ID 15740235

Special Listing Condition Not Applicable

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(669) 303-8501

john@johnfagangroup.com

1295 E Dunne Ave Suite 130 Morgan Hill, CA 95037, USA

18881 Mora Kai LN Huntington Beach, CA 92646

John Fagan

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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18881 Mora Kai LN