Huntington Beach
18881 Mora Kai Lane
$20,995,000
Listed by Mark Bridge, Mark Bridge, Broker, Listing Broker
Listing broker contact: Mark.Bridge@matthews.com
Advertised by Kyle Shutts, Arbor Real Estate (Advertising Broker), DRE# 02060736
About This Property
We are pleased to present the Mora Kai Apartment Homes, located at 18881 Mora Kai Lane. This 42-unit multifamily investment opportunity is located in Huntington Beach. Built in 1964, the garden-style community totals approximately 46,060 rentable square feet on a ±2.76-acre lot. The property offers a desirable unit mix of 22 single-story two-bedroom / two-bathroom flats averaging approximately 1,000 square feet and 20 three-bedroom / two-bathroom townhomes averaging approximately 1,203 square feet. Set along a quiet, low-density residential street with a single point of ingress and egress, the asset is a well-maintained, fee simple community with a stable tenant base and spacious, family-oriented floor plans that support long-term tenancy. Half (21) of the forty-two units have been renovated, leaving upside for a Buyer to increase the already high 5% current CAP rate even higher. Each residence includes a private patio and in-unit washer and dryer, and the flat units have no neighbors above or below. Landscaped courtyards and walkable pathways surround a central swimming pool and community building. Parking includes covered carports, garages, and uncovered spaces on site, supplemented by street parking along Mora Kai Lane, and rented storage spaces are available, providing additional ancillary income potential. The property is located in a premier Orange County coastal market, just east of Beach Boulevard and north of Garfield Avenue. Daily conveniences are within walking distance, including Trader Joe's, Target, Ralphs, Albertsons, CVS, and Home Depot, along with a wide selection of local restaurants. Nearby recreation includes Harper Park, Langenbeck Park, Huntington Beach Central Park, the Huntington Beach Sports Complex, and the Huntington Beach Equestrian Center. Golden West College and Perry Elementary School are also close by. Residents are a short drive from Bolsa Chica State Beach, the Bolsa Chica Ecological Reserve, Pacific City, Downtown Huntington Beach, Main Street, and the Huntington Beach Pier. Access to the I-405 and Pacific Coast Highway provides excellent regional connectivity throughout Orange County. With its strong location fundamentals, attractive unit mix, and long-term rental demand, 18881 Mora Kai Lane represents a compelling investment opportunity in one of Southern California's most desirable multifamily markets.
Property Details
Inquiries submitted through this site are answered by Kyle Shutts of Arbor Real Estate, the advertising broker, not the listing agent. Listing data provided by CRMLS. Information is deemed reliable but not guaranteed and should be independently verified. Square footage, lot size, and other details are approximate. This listing is subject to prior sale, change, or withdrawal without notice. Last updated .
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Meet Kyle
Kyle Shutts
Real Estate Professional
Whether you’re buying your first home, upgrading, or selling a high-value property, my goal is simple: to protect your interests, maximize your outcome, and make the experience as smooth and stress-free as possible.
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