One-Bedroom Residential Income
For Sale
$262,500
Pending
13881 Thunderbird, Seal Beach, CA 90740
Seal Beach, CA
Property Size600 SF
Days on Market441
Property Features for 13881 Thunderbird
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Laundry Room, Bathroom 1, Living Room, Bedroom 1
Parking
2
Parking features
Assigned, Carport
Spa
1
Window features
Blinds, Skylight(s)
Patio and Porch features
Patio
Interior features
Built-in Features, Ceiling Fan(s), Pantry, Open Floorplan, Storage, Copper Plumbing Full, Granite Counters
Exterior features
Rain Gutters
Appliances
Water Heater, Disposal, Electric Water Heater, Built-In Range, Refrigerator, Self Cleaning Oven, Free-Standing Range, Range Hood, Electric Range, Dishwasher
Subdivision
Leisure World (LW)
Lot features
Sprinklers In Front, Patio Home, Landscaped, Near Public Transit, Sprinklers Timer, Front Yard, Sprinkler System, Greenbelt, 6-10 Units/ Acre, Lawn
View
Park
Elementary school district
Los Alamitos Unified
Middle school district
Los Alamitos Unified
High school district
Los Alamitos Unified
Directions
Enter Main gate on Seal Beach Blvd. Proceed West on Golden Rain Road. Turn Left on St. Andrews. Turn right on Church Place , park and walk to the unit.
Special listing conditions
Probate Listing
Standard status
Pending
APN
09564123
Size
600 SF
Taxes and HOA fees
HOA Fee
$493 Monthly
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Amenities
9 hole, 3 par golf course
swimming pool
jacuzzi
fitness center
healthcare center
US post office
computer lab
sewing room
ceramics room
art room
lapidary room
amphitheater
Building Details
Year built
1962
Floors in Building
1
Number of units
12
Flooring type
Laminate, Tile
Roof type
Shingle
Architectural style
Bungalow
Additional Structures
Storage
Listing Agency:
Coldwell Banker Envision · Berkshire Hathaway HomeServices
(562) 594-0515
Listed By:
Leah Perrotti · License #01966421
(310) 889-6583
Added: Jun 18, 2025
Changed: Aug 24
Last Checked: Sep 1 at 7:06PM
MLS# PW25139355
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 600-square-foot bungalow offers one bedroom and one bathroom in a compact, updated layout. The kitchen includes granite countertops, an island, new cabinetry, pantry storage, dishwasher, refrigerator, and range. The remodeled bathroom features a cutdown shower, high-boy toilet, granite countertop, and washer and dryer. A heat pump provides heating and cooling, while skylights, laminate and tile flooring, built-in storage, and two wall-mounted flat-screen televisions add practical features. The bedroom opens to a private patio with greenbelt views and a built-in storage closet.
The property includes assigned carport parking identified as Mutual One #66H, Carport #15, Space #23. Community amenities include a 9-hole, 3-par golf course, swimming pool, jacuzzi, fitness center, healthcare center, US post office, computer lab, sewing room, ceramics room, art room, lapidary room, and amphitheater. The home is also within walking distance of a shopping center, churches, banks, and restaurants.
The property includes assigned carport parking identified as Mutual One #66H, Carport #15, Space #23. Community amenities include a 9-hole, 3-par golf course, swimming pool, jacuzzi, fitness center, healthcare center, US post office, computer lab, sewing room, ceramics room, art room, lapidary room, and amphitheater. The home is also within walking distance of a shopping center, churches, banks, and restaurants.
Key Highlights
- 600‑square‑foot bungalow with 1 bedroom and 1 bathroom
- Remodeled kitchen with granite counters, island, new cabinets, pantry, and built‑in dishwasher
- Updated bathroom with cutdown shower, high‑boy toilet, granite countertop, and washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,452
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$229,040
$229.0K
Cap Rate 7%
$163,600
$163.6K
Cap Rate 9%
$127,244
$127.2K
Market Conditions
NOI Build-Up for 600 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$21.6K $36.00/SF
− Vacancy
−$778 −$1.30/SF
EGI
$20.8K $34.70/SF
− OpEx
−$9.4K −$15.62/SF
NOI
$11.5K $19.09/SF
Area
Orange County, CA
Vacancy
3.60%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$229,040
Cap Rate 7%
$163,600
Cap Rate 9%
$127,244
Alternative Uses
Best Use
Apartment 5plus
$163.6K
$143.2K – $190.9K
NOI $11,452 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$201.5K
$176.3K – $235.1K
NOI $14,107 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
500
Businesses Nearby
Explore this area
Business Placement
Demographics for 90740, CA
24,769
Population
14,208
Households
1.7
Avg Household Size
61
Median Age
51%
College-Educated
95%
High-School Grad
11.1 sq mi
ZIP Area
2,231
Density / Sq Mi
$82,427
Median Household Income
$70,686
Median Earnings
$2,421
Median Rent
$488,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Remodeled bungalow with granite finishes, private patio, assigned carport parking, and access to extensive community amenities.
Where is this residential income property located?
The property is located at 13881 Thunderbird Seal Beach, CA.
What is the asking price?
The asking price for this property is $262,500.
What are key features of this property?
This property features: 600‑square‑foot bungalow with 1 bedroom and 1 bathroom; Remodeled kitchen with granite counters, island, new cabinets, pantry, and built‑in dishwasher; Updated bathroom with cutdown shower, high‑boy toilet, granite countertop, and washer and dryer
