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Listed by Mark Bridge, DRE #01316702 • Mark Bridge, Broker
$ 21,900,000
Est. payment /mo
New
18881 Mora Kai LN Huntington Beach, CA 92646
2 Sqft Lot
UPDATED:
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
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