$19.5 Million Seniors Housing Community Comes to Market in Huntington Beach, CA

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Huntington Villas

HUNTINGTON BEACH, CA– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has the exclusive listing for Huntington Villas, a 114-unit active seniors housing community in Huntington Beach.

The listing price of $19.5 million equates to a 5.37 percent cap rate and $189 per square foot.

            Joseph R. Berkson, a vice president investments in Marcus & Millichap’s Newport Beach office, is representing the seller.

“This is an excellent opportunity for an investor to acquire a competitively priced multifamily asset in a prime coastal market where property values will only continue to appreciate in value,” says Berkson. “The Orange County apartment market has staged a strong recovery, and this asset is poised to provide an investor with exceptional upside potential over the long term.”

Joseph R. Berkson

The 103,000-square foot property is located at 16171 Springdale St. in Huntington Beach.  Developed in 1987, the 2.56-acre complex features four studios with one bath, 80 one-bedroom/one bath units, 18 one-bedroom/one-bath units with den, and 12 two-bedroom/two-bath apartments. The floor plans range from 486 square feet to 786 square feet.

For a complete copy of the company’s news release, please contact:

Stacey Corso

Public Relations Manager

(925) 953-1716