Property Detail

18881 Mora Kai

Huntington Beach CA 92646

$21,900,000

Status: Active

Property Details

Description

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.

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Listing provided courtesy of Mark Bridge of Mark Bridge, Broker. Last updated 2026-11-02 09:10:58.000000. Listing information © 2025 CRMLS.

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"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

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