$5,995,000
Price
11
Beds
4
Baths
8,774 Sq. Ft.
$683 / Sq. Ft.
8,774
Sq. Ft.
$683
per Sq. Ft.

Description

Rare mixed-use investment opportunity in the heart of Downtown Huntington Beach. Spanning four contiguous lots totaling approximately 12,500 SF, the property features (7) apartment units, (1) single-family home, and (2) retail spaces across three buildings. Two parcels include historically designated structures. Just steps from the beach and the Huntington Beach Pier, 517 Walnut Avenue offers exceptional long-term value and repositioning potential in a premier coastal market.Rare mixed-use investment opportunity in the heart of Downtown Huntington Beach. Spanning four contiguous lots totaling approximately 12,500 SF, the property features (7) apartment units, (1) single-family home, and (2) retail spaces across three buildings. Two parcels include historically designated structures. Just steps from the beach and the Huntington Beach Pier, 517 Walnut Avenue offers exceptional long-term value and repositioning potential in a premier coastal market.
  1. Listed by Michael O'Neill II • DRE #02036937 • Brokerage DRE #00868409 • CB Richard Ellis, Inc.

Property Details for 517 Walnut Avenue

Parcel Number
02415325
Total Units
10.0
Living Area
8774
Source Living Area
Assessor
Area
West Huntington Beach (15)
Vacancy Rate
3%
Lot Size Area
12500
Source Lot Size Area
Assessor
LISTING UPDATED: 10/18/2025 12:06 AM

Property Details for 517 Walnut Avenue

StatusActive
MLS #25604351
Days on Market71
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built-
Lot Size0.29 AC / 12,500 SF
CountyOrange County

Location

Listing Courtesy of CB Richard Ellis, Inc., Michael O'Neill II, DRE #02036937
Add your commute

Building Information for 517 Walnut Avenue

Stories2Residences-Year Built-Building Size-Lot Size0.29 AC / 12,500 SF

Payment Calculator

$30,435 per month

30 year fixed, 6.28% Interest

Principal and Interest

$29,623

Property Taxes

$812

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 517 Walnut Avenue

Community / Development
Community / Development
  • Number Of Units: 10
  • Senior Community: No
Structure Info
Structure Info
  • Number Of Stories: 2
  • Number Of Buildings: 3
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Entry Only
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $419,140
  • Net Operating Income: $300,784.00
  • Gross Income: $426,500
  • Gross Rent Multiplier: $14.06
  • Total Annual Expense: 118356
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2949
  • Lot Size Square Feet: 12500
Parking Details
Parking Details
  • Parking Garage: Garage
  • Total Parking: 4
  • Garage Spaces Total: 4
  • Parking Features: Garage
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-10-2025
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,100.00
  • Unit Actual Rent: $12,600.00
  • Unit Projected Rent: $12,600.00
  • Like Units: 6
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $3,000.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,500.00
  • Unit Actual Rent: $4,500.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 0
  • Unit Baths: 0
  • Unit Furnished: No
  • Unit Rent: $3,096.00
  • Unit Actual Rent: $3,096.00
  • Unit Projected Rent: $3,096.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 0
  • Unit Baths: 0
  • Unit Furnished: No
  • Unit Rent: $8,760.00
  • Unit Actual Rent: $8,760.00
  • Unit Projected Rent: $8,760.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $128,066.00
  • Assessed Improvement Percent: 20.05
  • Assessed Land Value: $510,660.00
  • Assessed Land Percent: 79.95
  • Assessed Total Value: $638,726.00

Property History for 517 Walnut Avenue

DateEvent & SourcePriceAppreciation
Oct 10, 2025

Listed (Active)

CRMLS #25604351

$5,995,000
Oct 10, 2025

Listed (Active)

CLAW #25604351

$5,995,000
DateEvent & SourcePrice
10/10/2025

Listed (Active)

CRMLS #25604351

$5,995,000
10/10/2025

Listed (Active)

CLAW #25604351

$5,995,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 517 Walnut Avenue

Taxable ValueLand$520,873Additions$130,627Total$651,500
Tax Record2025$9,744 ($812 / month)
Home Facts
Lot Size11,731 SqFtStyleMiscellaneous CommercialCountyORANGEAPN024-153-25

Schools near 517 Walnut Avenue

This home is within Huntington Beach City Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Agnes L. Smith Elementary School
PublicK to 5

Ethel Dwyer Middle School
Public6 to 8

Huntington Beach High School
Public9 to 12

Kinetic Academy
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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517 Walnut Avenue is a multi-family home for sale in Huntington Beach, CA 92648. This property was listed for sale on October 10, 2025 by CB Richard Ellis, Inc., it's currently listed at $5,995,000. This listing's school districts are Huntington Beach City Elementary School District, Huntington Beach Union High School District. Nearby schools include Agnes L. Smith Elementary School, Ethel Dwyer Middle School and Huntington Beach High School. 517 Walnut Avenue is a 11-bed, 4-bath, 8,774 sqft multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CB Richard Ellis, Inc., Michael O'Neill II, DRE #02036937

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.