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4/02/25
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A 14-unit multifamily property in Huntington Beach traded for $8.75 mil ($625k/unit) in an off-market transaction. The property sits on 0.43 acres at 2512-2518 England St, north of Yorktown Ave and west of Beach Blvd. We’re told that the sale marks the highest price per unit for a multifamily property in Huntington Beach over the past two years.
The 14.5k sf property, built in 1977 and extensively renovated in 2022, features a mix of one-, two- and three-bedroom units, with the majority being townhome-style residences. Over $1 mil was invested in capital improvements, ensuring modernized interiors and enhanced amenities.
CBRE’s Dan Blackwell and Mike O’Neill represented both the buyer, a 1031 exchange investor based in Orange County, and the seller, a Fountain Valley-based repeat client of CBRE. The seller had previously completed multiple multifamily transactions, including purchasing 12 units on Solana Way in Laguna Beach, and 18 units on 16th Street in Huntington Beach.
The sale achieved a price of $603 per square foot and a current cap rate of 4.62%. According to O’Neill, the combination of strong location fundamentals, recent renovations, and a Walk Score of 86—indicating easy access to Seacliff Village Center and other amenities—made this an attractive long-term investment for the buyer.
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