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Local Private Investor Acquires 42-Unit Multifamily Property In Huntington Beach For $16.1M

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SOLD
$16,100,000

California

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MultiFamily
Sold 01/12/2026
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Property Image
SOLD

Local Private Investor Acquires 42-Unit Multifamily Property In Huntington Beach For $16.1M

18881 Mora Kai Lane

See Similar Deals
MultiFamily
Sold 01/12/2026
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

The property involved in this transaction is Mora Kai Apartment Homes, a 42-unit multifamily property located at 18881 Mora Kai Lane in Huntington Beach. The sale price for this property was $16.1 million, resulting in a price per unit of $383,333. The property was sold in an off-market transaction from an undisclosed seller and is financed with a 24-month, 80% loan-to-value bridge loan. It offers significant rental upside potential through renovations and repositioning.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $16,100,000
  • Units: 42
  • Price Per Unit: $383,333
  • Market: Huntington Beach
  • Broker: Kyle Mirrafati - Matthews

The sale was made to a local private investor, with Matthews Real Estate representing the property in the transaction. Unique financing details include the utilization of a bridge loan with a specific loan-to-value ratio designed to support the buyer's renovation plans.

Players

Kyle Mirrafati
Matthews
Kyle Mirrafati
4 deals$15.1M volume
BROKER

Details

SOLD
IMAGE: Kyle Mirrafati DATE: 01/12/2026 ADDRESS: 18881 Mora Kai Lane MARKET: Huntington Beach ASSET TYPE: Multifamily BROKER: Kyle Mirrafati - Matthews (@Matthews_CRE) SALE PRICE: $16,100,000 UNITS: 42 ~ PPU: $383,333 NOTE: A local private investor purchased Mora Kai Apartment Homes, a 42-unit multifamily property in Huntington Beach, for $16.1M in an off-market transaction from an undisclosed seller.The property, represented by Matthews Real Estate and financed with a 24-month, 80% LTV bridge loan, offers over 60% rental upside through renovations and repositioning.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$858,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$57,199.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$76,322.21
Annual Debt Service$915,866.57