731 Owen DR, Huntington Beach, CA 92648
731 Owen DR, Huntington Beach, CA 92648
731 Owen DR, Huntington Beach, CA 92648
731 Owen DR, Huntington Beach, CA 92648
731 Owen DR, Huntington Beach, CA 92648
731 Owen DR, Huntington Beach, CA 92648
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$ 2,395,000
Est. payment | /mo

6,534 Sqft Lot


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$ 2,395,000
Est. payment | /mo
Save

6,534 Sqft Lot

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26113641

HOA Y/N No

Year Built 1962

Lot Size 6,534 Sqft

Property Sub-Type Apartment

Property Description

731 Owen Drive is a 6-unit multifamily property located in Huntington Beach, California. Built in 1962, the property features 4,584 rentable square feet on a 0.15-acre parcel and offers a desirable unit mix consisting of two studio units and four 2-bed/1-bath units. 731 Owen Drive offers investors a stabilized, turnkey multifamily opportunity in one of Orange County's most established coastal rental markets. The property has been well maintained and upgraded, with renovated units, dual-pane windows, individual water heaters, security doors, garage parking, and in-unit laundry in select units. The property has also completed its SB 721 inspection, further supporting a lower-maintenance ownership profile for a new investor. With renovated unit interiors, upgraded property features, and rents positioned near the top of the market, the asset provides immediate in-place income and a more predictable operating profile with limited near-term capital improvement risk. This combination of physical condition, stabilized income, and coastal Huntington Beach location positions 731 Owen Drive as a clean, turnkey apartment investment with strong long-term ownership appeal. The property is further supported by its convenient location near Beach Boulevard and Yorktown Avenue, providing residents with access to nearby retail centers, grocery options, restaurants, services, schools, Downtown Huntington Beach, Pacific City, the beach, and Huntington Central Park.

Location

State CA

County Orange

Area 15 - West Huntington Beach

Interior

Fireplace No

Laundry See Remarks

Exterior

Garage Spaces 6.0

Garage Description 6.0

Pool None

Community Features Curbs, Gutter(s), Street Lights, Sidewalks

Total Parking Spaces 6

Private Pool No

Building

Lot Description Street Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 02518125

Energy Description 1353.0

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Tyler Leeson Marcus & Millichap RE Invest tleeson@marcusmillichap.com, DRE #01451551

Nearby Locations

Juan Ponce

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731 Owen DR