$2,925,000
425 15th, Huntington Beach CA 92648
Multi-Family (4 Units)
Property type
8 days
On market
$717
Price per sqft
6 cars
Garage
1972
Year built
5,671 sqft
Lot size
Open Houses
Overview
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....
Listing provided by: Jason Kirklen DRE #01939655, Kirklen Investment Group
Listing updated: May 28, 2026 at 05:58pm.
Last checked: Jun 2, 2026 at 09:30am
Source: CRMLS #OC26115847
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $2,700 | $2,700 | $2,850 | Unfurnished |
| 2 | 2 | 2 | — | $3,316 | $6,631 | $3,750 | Unfurnished |
| 1 | 3 | 3 | — | $4,500 | $4,500 | $4,750 | Unfurnished |
# of Buildings: 1
# of Units Total: 4
Separate Electric Meters: 5
Separate Gas Meters: 5
Separate Water Meters: 1
Rent Control: No
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
17.1x
List Price / Annual Gross Rent
Cap Rate
3.71%
NOI / List Price
Gross Scheduled Income: $170,772
Vacancy Allowance Rate: 3%
Operating Expense: $57,085
Net Operating Income: $108,564
Annual Operating Expenses
Electric: $707
Gardener: $851
Fuel: $1,056
Insurance: $4,612
Licenses: $414
Maintenance: $7,685
New Taxes: $33,262
Pest Control: $700
Trash: $1,916
Water / Sewer: $21,020
Interior
Laundry: Common Area
Entry Location: Front
Exterior
Property Attached: Yes
Stories Total: 2
Common Walls: Two Common Walls Or More
Lot Features: Six To Ten Units Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Parking: Assigned
Garage Spaces: 6
Parking Total: 6
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 02315412
Additional Parcels: No
Tax Lot: 25
Tax Block: 415
Community
Senior Community: No
Community Features: Curbs, Gutters, Storm Drains, Sidewalks
Nearby Schools
Nearby schools around the 425 15th, Huntington Beach, CA 92648. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,340,000
Total Interest
$2,984,541
Total Payment
$5,324,541
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$17,987
per month
Property History for 425 15th
Huntington Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 92648.
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