Versatile Huntington Beach Investment
For Sale
$900,000
7652 Slater Ave, Huntington Beach, CA 92647
Multi-unit property with income potential and industrial zoning upside.
Property Size3,462 SF
Price / SF$259.97
Days on Market138
Property Features for 7652 Slater Ave
General Information
Standard status
Active
Size
3,462 SF
Listing Agency:
Realty One Group United
Listed By:
Austin Carr · License #01986298
(562) 537-7496
Source:
Myfabuloushome
Added: Apr 24
Changed: Sep 5
Last Checked: Sep 7 at 1:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty One Group United
Investment Insights
Based on property information with market context.
Located in Huntington Beach, this multi-unit property at 7652 Slater Avenue A-D offers a versatile investment opportunity. The property, consisting of approximately 3,462 square feet, is configured as four separately parceled office condominiums, including a 550 square foot showroom space. The property is located in a high-demand area near major thoroughfares. The building is a two-story structure with industrial zoning. The property is suited for owner-user occupancy, multi-tenant leasing, or individual sales. There are six reserved parking spaces. A new roof was installed in 2024. The building features three 400-amp HVAC systems with separate controls and is fully sprinklered. The property's industrial zoning allows for light manufacturing, warehouse/distribution, R&D, custom industry, or expanded commercial services. The seller is offering the first right of refusal to purchase the adjacent attached garages when they become available. The location has a bike score of 75, walk score of 79, and transit score of 35.
Key Highlights
- Prime Industrial Zoning: Offers exceptional flexibility.
- Four Separate Parcels: Allows for owner‑user occupancy, multi‑tenant leasing, or individual sales.
- New Roof (2024): Recent capital improvement provides peace of mind.
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
$56,438
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
6.27%
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%
$1,128,760
$1.1M
Cap Rate 7%
$806,257
$806.3K
Cap Rate 9%
$627,089
$627.1K
Market Conditions
NOI Build-Up for 3,462 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
$91.4K $26.40/SF
− Vacancy
−$4.6K −$1.32/SF
EGI
$86.8K $25.08/SF
− OpEx
−$30.4K −$8.78/SF
NOI
$56.4K $16.30/SF
Area
Huntington Beach, CA
Vacancy
5.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
35.00%
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%
$1,128,760
Cap Rate 7%
$806,257
Cap Rate 9%
$627,089
Alternative Uses
Best Use
Flex RnD
$806.3K
$705.5K – $940.6K
NOI $56,438 @ 7.0% cap · market cap 6.27%
Second Best
Industrial
$639.4K
$559.5K – $746.0K
NOI $44,760 @ 7.0% cap · market cap 4.97%
Theoretical Best
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $83,753 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,072
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 92647, CA
60,455
Population
22,340
Households
2.7
Avg Household Size
38
Median Age
39%
College-Educated
91%
High-School Grad
7.5 sq mi
ZIP Area
8,061
Density / Sq Mi
$107,877
Median Household Income
$47,882
Median Earnings
$2,400
Median Rent
$963,900
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Multi-unit property with income potential and industrial zoning upside.
Where is this flex space located?
The property is located at 7652 Slater Ave Huntington Beach, CA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Prime Industrial Zoning: Offers exceptional flexibility.; Four Separate Parcels: Allows for owner‑user occupancy, multi‑tenant leasing, or individual sales.; New Roof (2024): Recent capital improvement provides peace of mind.
