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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$21,900,000

Est. payment - /mo

2.76 Acres Lot

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Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision South Huntington Beach

MLS Listing ID OC26230847

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1964

Lot Size 2.760 Acres

Property Sub-Type Apartment

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 selection of local restaurants. Nearby recreation includes Harper Park, Langenbeck Park, Huntington Beach Central Park, the Huntington Beach Sports Complex, and the Huntington Beach Equestrian Center. Golden West College and Perry Elementary School are also close by. Residents are a short drive from Bolsa Chica State Beach, the Bolsa Chica Ecological Reserve, Pacific City, Downtown Huntington Beach, Main Street, and the Huntington Beach Pier. Access to the I-405 and Pacific Coast Highway provides excellent regional connectivity throughout Orange County. With its strong location fundamentals, attractive unit mix, and long-term rental demand, 18881 Mora Kai Lane represents a compelling investment opportunity in one of Southern California's most desirable multifamily markets.

Location

State CA

County Orange

Area 14 - South Huntington Beach

Interior

Heating Natural Gas, Wall Furnace

Flooring Tile, Vinyl, Wood

Fireplaces Type None

Fireplace No

Appliance Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Range Hood

Laundry Inside

Exterior

Parking Features Assigned, Covered, Carport, Garage, Paved, One Space, Uncovered

Garage Spaces 17.0

Carport Spaces 28

Garage Description 17.0

Fence Good Condition, Wood

Pool Community, Fenced

Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Suburban, Sidewalks, Pool

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Roof Type Composition,Shingle

Total Parking Spaces 94

Private Pool No

Building

Lot Description 11-15 Units/Acre, Lawn, Lot Over 40000 Sqft, Landscaped, Paved, Sprinkler System

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 15740235

Energy Description 1.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Listed by Mark Bridge Mark Bridge, Broker Mark.Bridge@matthews.com, DRE #01316702

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18881 Mora Kai LN Huntington Beach, CA 92646