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Newport Beach Private Buyer Acquires 18-Unit Yorktown Apartments In Huntington Beach For $7.4M

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SOLD
$7,400,000
Mike O’Neill
Daniel (Dan) Blackwell

California

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MultiFamily15,903 SF
Sold 06/17/2025
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SOLD

Newport Beach Private Buyer Acquires 18-Unit Yorktown Apartments In Huntington Beach For $7.4M

7701 West Yorktown Avenue

See Similar Deals
MultiFamily15,903 SF
Sold 06/17/2025
Mike O’Neill
Daniel (Dan) Blackwell
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$465
Total Square Footage:15,903 SF
Transaction Type:Sale

The Yorktown Apartments, located at 7701 West Yorktown Avenue in Huntington Beach, has been sold for $7,400,000. This multifamily asset spans 15,903 square feet and comprises 18 units, with a price per unit of $411,111, and a price per square foot of $465. The transaction reflects the property's first sale in over 30 years.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $7,400,000
  • Address: 7701 West Yorktown Avenue
  • Market: Huntington Beach
  • Acres: 0.7
  • Units: 18
  • Price per Unit: $411,111
  • Square Footage: 15,903
  • Price per Square Foot: $465
  • Cap Rate: 4.5%
  • Rent Upside: 9%
  • List Price Percentage: 97%

Daniel Blackwell and Mike O’Neill of CBRE represented both the seller, also from Newport Beach, who participated in a 1031 exchange, and the buyer in this all-cash transaction.

Players

Daniel (Dan) Blackwell
CBRE
Daniel Blackwell
61 deals$439.4M volume(949) 725-8655
BROKER
Mike O’Neill
CBRE
Mike O’Neill
25 deals$160.8M volume
BROKER
CBRE
CBRE
BROKERAGE

Details

SOLD
IMAGE: Daniel Blackwell & Mike O’Neill DATE: 06/17/2025 ADDRESS: 7701 West Yorktown Avenue MARKET: Huntington Beach ASSET TYPE: Multifamily ~ ACRES: 0.7 BROKERS: Daniel Blackwell (@MultiFamilySocal) & Mike O’Neill (@Mike_ONeill11) - CBRE (@CBRE) SALE PRICE: $7,400,000 UNITS: 18 ~ PPU: $411,111 SF: 15,903 ~ PPSF: $465 NOTE: A Newport Beach-based private buyer acquired the 18-unit Yorktown Apartments in Huntington Beach for $7.4M in an all-cash deal, marking the property's first sale in over 30 years. CBRE’s Dan Blackwell and Mike O’Neill represented both the seller, also from Newport Beach and in a 1031 exchange, and the buyer; the property sold at 97% of list price with a 4.5% cap rate and nine percent rent upside. ’Neill

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

$394,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$26,290.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,079.78
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