Quadplex With Six
For Sale
$2,295,000
16672 Algonquin, Huntington Beach, CA 92649
Four-unit residential income property with updated roof, plumbing, windows, and sliders.
Property Size4,227 SF
Days on Market8
Property Features for 16672 Algonquin
General Information
Standard status
Active
Size
4,227 SF
Total Parking Spaces
7
Property subtype
Investment
Units
Unit Mix
1 x 3BR/2.5BA, 1 x 3BR/2BA, 1 x 2BR/2BA, 1 x 1BR/1BA
Multifamily Units
4
Building Details
Building Size
4,227 SF
Year Built
1976
Units
4
Listed By:
Pat Swanson
(213) 864-2862
Source:
Elliman
Added: Sep 19
Changed: Sep 25
Last Checked: Sep 26 at 10:06AM
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 Pat Swanson
Investment Insights
Based on property information with market context.
Located at 16672 Algonquin in Huntington Beach, this 1976-built quadplex contains four residential units with a varied mix: one three-bedroom, two-and-a-half-bath unit; one three-bedroom, two-bath unit; one two-bedroom, two-bath unit; and one one-bedroom, one-bath unit. Property improvements include a newer roof, updated plumbing, replacement windows, and sliders.
Parking includes six single-car garages and one tandem open parking space. The property is approximately 0.50 miles from the water in Huntington Harbour. Walk Score is 72, indicating a Very Walkable setting, while Bike Score is 71, or Very Bikeable. Transit Score is 32, classified as Some Transit.
Parking includes six single-car garages and one tandem open parking space. The property is approximately 0.50 miles from the water in Huntington Harbour. Walk Score is 72, indicating a Very Walkable setting, while Bike Score is 71, or Very Bikeable. Transit Score is 32, classified as Some Transit.
Key Highlights
- Four residential units with a mix of 1-, 2-, and 3‑bedroom layouts
- Unit mix includes 3 bed/2.5 bath, 3 bed/2 bath, 2 bed/2 bath, and 1 bed/1 bath units
- Six single‑car garages plus 1 tandem open parking space
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
$98,786
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
4.30%
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%
$1,975,720
$2.0M
Cap Rate 7%
$1,411,229
$1.4M
Cap Rate 9%
$1,097,622
$1.1M
Market Conditions
NOI Build-Up for 4,227 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
$144.6K $34.20/SF
− Vacancy
−$3.4K −$0.81/SF
EGI
$141.1K $33.39/SF
− OpEx
−$42.3K −$10.02/SF
NOI
$98.8K $23.37/SF
Area
Huntington Beach, CA
Vacancy
2.38%
Lease Rate
$34.20 /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%
$1,975,720
Cap Rate 7%
$1,411,229
Cap Rate 9%
$1,097,622
Alternative Uses
Best Use
Multifamily LT 5
$1.41M
$1.23M – $1.65M
NOI $98,786 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$1.30M
$1.14M – $1.52M
NOI $91,122 @ 7.0% cap · market cap 3.97%
Theoretical Best
Specialty Retail
$1.46M
$1.28M – $1.70M
NOI $102,260 @ 7.0% cap · market cap 4.46%
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
1,233
Businesses Nearby
Explore this area
Business Placement
Demographics for 92649, CA
34,082
Population
15,178
Households
2.2
Avg Household Size
47
Median Age
51%
College-Educated
96%
High-School Grad
5.6 sq mi
ZIP Area
6,086
Density / Sq Mi
$121,604
Median Household Income
$59,242
Median Earnings
$2,554
Median Rent
$1,070,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential income property with updated roof, plumbing, windows, and sliders.
Where is this quadplex located?
The property is located at 16672 Algonquin Huntington Beach, CA.
What is the asking price?
The asking price for this property is $2,295,000.
What are key features of this property?
This property features: Four residential units with a mix of 1-, 2-, and 3‑bedroom layouts; Unit mix includes 3 bed/2.5 bath, 3 bed/2 bath, 2 bed/2 bath, and 1 bed/1 bath units; Six single‑car garages plus 1 tandem open parking space
