Renovated 4-Unit
New
For Sale
$1,935,000
7912 16th, Westminster, CA 92683
Four residences feature updated kitchens, bathrooms, windows, and flooring.
Property Size3,228 SF
Days on Market6
Property Features for 7912 16th
General Information
Standard status
Active
Size
3,228 SF
Total Parking Spaces
2
Property subtype
Investment
Additional Details
Multifamily Units
4
Amenities
perimeter fencing
low-maintenance landscaping
Building Details
Building Size
3,228 SF
Year Built
1962
Units
4
Listing Agency:
R L M Equities
Listed By:
Randall Mycorn · License #02078223
(949) 862-1020
Source:
Elliman
Added: Sep 29
Changed: Oct 3
Last Checked: Oct 4 at 10:01AM
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 R L M Equities
Investment Insights
Based on property information with market context.
This four-unit property in Westminster has undergone extensive renovations. Improvements include new roofing, dual-pane windows, flooring, and remodeled kitchens and bathrooms. The front house received updated wiring and a new sewer line. Exterior work includes perimeter fencing, landscaping, and two added parking spaces.
The property is near dining, shopping, and major commuter routes. BikeScore is 69, WalkScore is 63, and TransitScore is 36.
The property is near dining, shopping, and major commuter routes. BikeScore is 69, WalkScore is 63, and TransitScore is 36.
Key Highlights
- Four‑unit multifamily property with extensive renovations
- New roof and dual‑pane windows
- Remodeled kitchens and bathrooms, plus new flooring
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
$68,088
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
3.52%
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%
$1,361,760
$1.4M
Cap Rate 7%
$972,686
$972.7K
Cap Rate 9%
$756,533
$756.5K
Market Conditions
NOI Build-Up for 3,228 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
$100.7K $31.20/SF
− Vacancy
−$3.4K −$1.07/SF
EGI
$97.3K $30.13/SF
− OpEx
−$29.2K −$9.04/SF
NOI
$68.1K $21.09/SF
Area
Orange County, CA
Vacancy
3.42%
Lease Rate
$31.20 /SF/Yr
Expense Ratio
30.00%
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%
$1,361,760
Cap Rate 7%
$972,686
Cap Rate 9%
$756,533
Alternative Uses
Best Use
Multifamily LT 5
$972.7K
$851.1K – $1.13M
NOI $68,088 @ 7.0% cap · market cap 3.52%
Second Best
Apartment 5plus
$880.2K
$770.2K – $1.03M
NOI $61,613 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$1.08M
$948.7K – $1.26M
NOI $75,895 @ 7.0% cap · market cap 3.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,629
Businesses Nearby
Explore this area
Business Placement
Demographics for 92683, CA
90,946
Population
29,075
Households
3.1
Avg Household Size
42
Median Age
26%
College-Educated
78%
High-School Grad
9.7 sq mi
ZIP Area
9,376
Density / Sq Mi
$82,703
Median Household Income
$39,821
Median Earnings
$2,101
Median Rent
$820,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residences feature updated kitchens, bathrooms, windows, and flooring.
Where is this quadplex located?
The property is located at 7912 16th Westminster, CA.
What is the asking price?
The asking price for this property is $1,935,000.
What are key features of this property?
This property features: Four‑unit multifamily property with extensive renovations; New roof and dual‑pane windows; Remodeled kitchens and bathrooms, plus new flooring
