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18881 Mora Kai Lane, Huntington Beach, CA, 92646

The Mora Kai Apartment Homes

$21,900,000

Key Information

Cap Rate
5.01%
Proforma Cap
5.74%
$ per SF
$475
Tot. SF
46,060
Lot Size
2.76 Acres
Units
42
Year Built
1964
Type
Apartments
Occupancy
97%
NOI
$1,096,121

Highlights

• Well-maintained 42-unit garden-style multifamily community on a ±2.76-acre lot, built in 1964
• Desirable unit mix of 22 single-story two-bedroom / two-bathroom flats and 20 three-bedroom / two-bathroom townhomes
• Approximately 46,060 rentable SF, with spacious floor plans averaging approximately 1,000 SF to 1,203 SF
• Private patio and in-unit washer and dryer included with each residence
• Central swimming pool, community building, and mature landscaping throughout the grounds
• Covered carports, garages, and uncovered on-site parking, with additional street parking along Mora Kai Lane
• Rented storage spaces and additional ancillary income components
• Single point of ingress and egress within an established residential neighborhood
• Supply-constrained Huntington Beach rental market with strong in-place rental demand
• Walkable to Trader Joe’s, Target, Ralphs, Albertsons, and Home Depot, with Beach Boulevard (SR-39) and Garfield Avenue nearby
• Minutes from Bolsa Chica State Beach, Pacific City, Downtown Huntington Beach, and the Huntington Beach Pier, with convenient access to the I-405

Photos

Location

Agents

Broker of Record

David Harrington

License # 01320460, 02168060 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245