One-Bedroom Residential
For Sale
$232,500
10811 Thunderbird Dr, Seal Beach, CA 90740
Seal Beach, CA
Property Size600 SF
Price / SF$387.50
Days on Market11
Property Features for 10811 Thunderbird Dr
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Kitchen, Bedroom 1, Laundry Room, Bathroom 1
Parking
1
Parking features
Carport
Spa
1
Window features
Screens, Drapes, Skylight(s)
Patio and Porch features
Patio
Interior features
Laminate Counters, Open Floorplan, Storage
Exterior features
Rain Gutters, Lighting
Appliances
Disposal, Electric Water Heater, Refrigerator, Range Hood, Electric Oven, Dishwasher, Electric Cooktop
Subdivision
Bridgeport/Seal Beach (BPS)
Lot features
Garden, Sprinkler System
High school
Los Alamitos
Elementary school district
Los Alamitos Unified
Middle school district
Los Alamitos Unified
High school district
Los Alamitos Unified
Directions
From Seal Beach BLVD turn onto St Andrews, after the main gate the unit is on the left behind the 2nd carport
Standard status
Active
APN
94726322
Size
600 SF
Taxes and HOA fees
HOA Fee
$519 Monthly
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Amenities
laundry rooms
Building Details
Year built
1963
Floors in Building
1
Flooring type
Laminate, Vinyl
Building materials
Asbestos, Concrete, Stucco, Glass, Drywall Walls
Roof type
Composition
Architectural style
Bungalow
Additional Structures
Storage
Listing Agency:
Coldwell Banker Envision · Berkshire Hathaway HomeServices
(562) 594-0515
Listed By:
Karen Wittkamm · License #01363942
(714) 858-1794
Added: Sep 24
Changed: Sep 29
Last Checked: Oct 4 at 2:06PM
MLS# PW26209363
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, one-bedroom, one-bath residence in Mutual 1 has a vaulted living room, laminate flooring, and a heat pump. The kitchen and bathroom each have a skylight; the kitchen also includes a dishwasher and laminate counters. A north-facing flagstone patio has a walk-in storage closet with shelves. Large windows bring natural light into the bedroom and living room, and the front door has three glass panes.
Building laundry rooms are located at both ends, and the property includes a carport identified as Building 14, Stall 47. The 1963-built home is near greenbelts, a pool, golf course, an amphitheater, clubhouse six, and a pharmacy.
Building laundry rooms are located at both ends, and the property includes a carport identified as Building 14, Stall 47. The 1963-built home is near greenbelts, a pool, golf course, an amphitheater, clubhouse six, and a pharmacy.
Key Highlights
- 600‑square‑foot residence with one bedroom and one bathroom
- North‑facing patio finished with flagstone and a walk‑in storage closet
- Vaulted living room, laminate flooring, and heat pump
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
4.93%
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 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$201.5K
$176.3K – $235.1K
NOI $14,107 @ 7.0% cap · market cap 6.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - A vaulted living area, skylights, and a shaded flagstone patio distinguish this Seal Beach home.
Where is this residential income property located?
The property is located at 10811 Thunderbird Dr Seal Beach, CA.
What is the asking price?
The asking price for this property is $232,500.
What are key features of this property?
This property features: 600‑square‑foot residence with one bedroom and one bathroom; North‑facing patio finished with flagstone and a walk‑in storage closet; Vaulted living room, laminate flooring, and heat pump
