Huntington Beach, CA 92648 425 15th
$2,925,000



3 more



Presented By: Jason Kirklen with Kirklen Investment Group; 949-942-1302
Home Details
425 15th Street is a turnkey four-unit multifamily property located in the highly desirable Downtown Huntington Beach neighborhood, just a short walk from the Pacific Ocean. Situated on a large corner lot, the property offers approximately 4,081 square feet of living space and features a well-balanced unit mix of one 3-bedroom unit, two 2-bedroom units, and one 1-bedroom unit. This asset has undergone extensive renovations, including new exterior paint, roof, doors, and windows, providing a low-maintenance investment profile. All units feature upgraded flooring, granite countertops, tile kitchen backsplashes, stainless steel appliances, private patios, and renovated bathrooms, with select units offering fireplaces for added tenant appeal. Additional amenities include six garage spaces, on-site laundry, and a courtyard-style setting that enhances livability.
Positioned just blocks from the beach, Main Street, and the Huntington Beach Pier, the property benefits from exceptional walkability and access to premier coastal dining, retail, and entertainment. The surrounding area is supported by a strong local economy driven by tourism, hospitality, and professional services, ensuring consistent rental demand. With its turnkey condition, comprehensive interior and exterior upgrades, and prime coastal location, 425 15th Street presents a rare opportunity to acquire a stabilized asset in one of Orange County’s most sought-after rental markets.
Presented By: Jason Kirklen with Kirklen Investment Group; 949-942-1302
Interior Features for 425 15th
Other Interior Features
Common Walls2+ Common Walls
Laundry FeaturesCommon Area
Total Stories2
Other Rooms
Entry Level1
General for 425 15th
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Cap Rate3.71
CityHuntington Beach
Community FeaturesCurbs, Gutter(s), Storm Drain(s), Sidewalks
CountyOrange
Directionsplug into phone
Electric Expense707
Entry LocationFront
Fuel Expense1056
Garage Spaces6
Garage Y/NYes
Gross Income170772
Insurance Expense4612
Land Lease Y/NNo
Listing TermsCash, Cash to New Loan, 1031 Exchange
Lot Size Square Feet5671
Lot Size UnitsSquare Feet
MLS Area699 - Not Defined
MaintenanceExpense7685
Net Operating Income108564
New ConstructionNo
Number Of Units Total4
Operating Expense57085
Pool FeaturesNone
PostalCityHUNTINGTON BEACH
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot25
Taxes$33,262
Tenant PaysElectricity, Gas
Trash Expense1916
Water Sewer Expense21020
Year Built1972
Year Built SourceAssessor
Exterior for 425 15th
Building Area Total4081
Lot Features6-10 Units/Acre
Lot Size Acres0.1302
Lot Size Area5671
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters1
Parking FeaturesAssigned
Private PoolNo
Total Parking6
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Josh Russell
Realtor®

SQFT • 4,081