504 Clay Ave , Huntington Beach, CA 92648
$3,725,000
Est. Payment: $20,318.75/mo
13 Bed
13 Bath
6400 Sqft
0.23 Acres
Status: Active Under Contract | Days on site: 29
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CLW-X81530 - CLW-C125469
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House Description

We are pleased to offer the opportunity to acquire 504 Clay Avenue, an 8-unit apartment building located in the highly desirable Garfield neighborhood of Huntington Beach. Potential Seller Financing Available to Qualified Buyers Only, 45% Minimum Down, 1-3yr Max Loan, Interest Only. Rate to be negotiated with Price: Built in 1984, with an eighth, fully permitted ADU completed in 2023, the property offers approximately 6,400 rentable square feet on a rare 10,001 square foot island parcel with no adjacent residential buildings, providing exceptional privacy in the heart of Huntington Beach. The property features an attractive unit mix consisting of three (3) one-bedroom / one-bathroom units, one (1) two-bedroom / one-and-one-half-bathroom unit, and four (4) two-bedroom / two-bathroom units, including the newly constructed ADU. Parking consists of seven (7) single-car garages, one (1) tandem parking space, and additional surface parking. The property has undergone several recent capital improvements, including fresh exterior paint, new perimeter fencing, and a brand-new central water heater serving the original seven units. Three of the eight units have been extensively renovated with quartz countertops, luxury vinyl plank flooring, and modern interior finishes; while the remaining units feature upgraded granite countertops and laminate flooring. The ADU includes solar panels, a private backyard, in-unit washer and dryer, separately metered electricity, and an individual water heater. The property is individually metered for electricity, with a RUBS program in place to help maximize net operating income, helping maintain low operating expenses for ownership. 504 Clay Avenue presents a rare opportunity to acquire a well-maintained, pride-of-ownership asset offering strong in-place cash flow with approximately 19% rental upside through continued rental growth. With low operating expenses, recent capital improvements, and limited deferred maintenance, the property provides an investor with the opportunity to increase net operating income while benefiting from the long-term appreciation and stability of the Huntington Beach multifamily market.

Highlights

Listed by Kamfar Kyle Mirrafati , 949-200-7494 Matthews Real Estate Investment Services , 866-889-0550. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.23

Year Built

1984

County

Orange

Area

15 - West Huntington Beach

Listing ID

26870409

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:13
  • ▪ Bathrooms:13
Appliances:Refrigerator, Dryer, Washer

Exterior Features

Lot:No Land Lease
Garage Capacity:9
Others:
  • ▪ Additional:2+ Total Units, Has ADU
Parking Features:Private,On Street
Principal Interest
$20,319
Taxes
$2,375

Home Price

$3,725,000

Loan Details

30 yrs
7.245%

Down Payment

20%
$745,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$20,318.75

Principal

Taxes

Principal Taxes HOA Total
Monthly $20,318.75 $2,374.69 $0.00 $22,693.44
Yearly $243,824.97 $28,496.25 $0.00 $272,321.22
Total $7,314,749.23 $854,887.50 $0.00 $8,169,636.73

Today's Rates

30 Year

7.25%

20 Year

7.27%

15 Year

6.6%

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Market insight data is pulled from the same city as the listing being viewed (Huntington Beach, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-10-05T01:13:22.000Z

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