811 Alabama St
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811 Alabama St
7 Unit Apartment Building $4,890,271 CAD ($698,610 CAD/Unit) 2.82% Cap Rate Huntington Beach, CA 92648
Investment Highlights
- Downtown Huntington Beach Location
- Triple Wide Lot
- Less than 1-mile to Beach and Pacific City
- (12) Single Car Garages
Executive Summary
811 Alabama Street in Huntington Beach presents a rare opportunity in an unbeatable location, just minutes from the vibrant Downtown
Huntington Beach area and its iconic beach, pier, and Pacific City shopping. This property sits on a highly coveted triple-wide lot, a rarity in the neighborhood, providing ample space and privacy for residents.
The property features a superb unit mix, including (2) 3-bedroom, 2.5-bath units, (2) 2-bedroom, 2-bath units, and (3) 1-bedroom, 1-bath units, offering diverse appeal for renters. Many of the units have been renovated, featuring modern upgrades while still leaving
room for a new investor to capitalize on significant upside potential in the current rental market.
Each unit is designed with outdoor living in mind, boasting private patios, yards, or balconies—perfect for enjoying the coastal breeze.
With 12 single-car garages, parking is abundant, a valuable amenity in this high-demand area. Whether you’re looking for a stabilized investment with immediate cash flow or an opportunity to enhance rents, 811 Alabama Street is an exceptional asset in a prime coastal market.
Huntington Beach area and its iconic beach, pier, and Pacific City shopping. This property sits on a highly coveted triple-wide lot, a rarity in the neighborhood, providing ample space and privacy for residents.
The property features a superb unit mix, including (2) 3-bedroom, 2.5-bath units, (2) 2-bedroom, 2-bath units, and (3) 1-bedroom, 1-bath units, offering diverse appeal for renters. Many of the units have been renovated, featuring modern upgrades while still leaving
room for a new investor to capitalize on significant upside potential in the current rental market.
Each unit is designed with outdoor living in mind, boasting private patios, yards, or balconies—perfect for enjoying the coastal breeze.
With 12 single-car garages, parking is abundant, a valuable amenity in this high-demand area. Whether you’re looking for a stabilized investment with immediate cash flow or an opportunity to enhance rents, 811 Alabama Street is an exceptional asset in a prime coastal market.
Financial Summary (Pro forma - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$382,122
|
$63.69
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$11,463
|
$1.91
|
| Effective Gross Income |
$370,658
|
$61.78
|
| Taxes |
$56,329
|
$9.39
|
| Operating Expenses |
$44,786
|
$7.46
|
| Total Expenses |
$101,115
|
$16.85
|
| Net Operating Income |
$269,543
|
$44.92
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $382,122 |
| Annual Per SF | $63.69 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $11,463 |
| Annual Per SF | $1.91 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $370,658 |
| Annual Per SF | $61.78 |
| Taxes (CAD) | |
|---|---|
| Annual | $56,329 |
| Annual Per SF | $9.39 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $44,786 |
| Annual Per SF | $7.46 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $101,115 |
| Annual Per SF | $16.85 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $269,543 |
| Annual Per SF | $44.92 |
Property Facts
| Price | $4,890,271 CAD | Apartment Style | Low Rise |
| Price Per Unit | $698,610 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 2.82% | Building Size | 6,106 SF |
| Gross Rent Multiplier | 19.83 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1978 |
| Property Subtype | Apartment | Parking Ratio | 1.97/1,000 SF |
| Price | $4,890,271 CAD |
| Price Per Unit | $698,610 CAD |
| Sale Type | Investment |
| Cap Rate | 2.82% |
| Gross Rent Multiplier | 19.83 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 6,106 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1978 |
| Parking Ratio | 1.97/1,000 SF |
Unit Amenities
- Balcony
- Dishwasher
- Disposal
- Kitchen
- Granite Countertops
- Oven
- Range
- Deck
- Double Pane Windows
- Family Room
- Patio
Site Amenities
- Courtyard
- Fenced Lot
- Laundry Facilities
- Gated
- Pet Play Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | $3,561 CAD | - |
| 2+2 | 2 | $3,544 CAD | - |
| 1+1 | 3 | $2,108 CAD | - |
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Walk Score ®
Very Walkable (86)
Bike Score ®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 024-186-17 | Total Assessment | $590,289 CAD (2023) |
| Land Assessment | $58,404 CAD (2023) | Annual Taxes | $56,329 CAD ($9.23 CAD/SF) |
| Improvements Assessment | $531,885 CAD (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
024-186-17
Land Assessment
$58,404 CAD (2023)
Improvements Assessment
$531,885 CAD (2023)
Total Assessment
$590,289 CAD (2023)
Annual Taxes
$56,329 CAD ($9.23 CAD/SF)
Tax Year
2024
-
Nick Gould -
Jonathon Nichols -
Gould Group Investment Real Estate
(949) 996-4785
x101
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