Coastal Fourplex with Six
For Sale
$2,399,000
16802 Hoskins Ln, Huntington Beach, CA 92649
Four-unit property with varied layouts, private outdoor spaces, separate utility metering, and off-street parking.
Property Size4,335 SF
Days on Market102
Property Features for 16802 Hoskins Ln
General Information
Standard status
Active
Size
4,335 SF
Property subtype
Investment
Building Details
Building Size
4,335 SF
Year Built
1976
Stories
2
Units
4
Listing Agency:
(562) 305-5667
Listed By:
Maria Bustamante
(562) 305-5667
Source:
Elliman
Added: May 21
Changed: Aug 29
Last Checked: Aug 29 at 1:42PM
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 Maria Bustamante
Investment Insights
Based on property information with market context.
This 1976 fourplex at 16802 Hoskins Ln includes a two-story 3BR/2.5BA owner’s unit with a private patio, balcony, fireplace, and in-unit laundry. Three additional residences comprise 3BR/2BA, 2BR/2BA, and 1BR/1BA layouts, with balconies, a patio, and a private yard distributed among the units. The property also includes a dedicated laundry room, six garages, and additional off-street parking.
Recent work includes exterior painting, fascia and railing updates, resurfacing of balcony and walkway decks, and compliance with SB-721. Several residences have luxury vinyl plank flooring, while two feature upgraded kitchens and modern fixtures. Gas and electric service are separately metered for each unit.
The property is located just over a mile from the beach in Huntington Harbour, near Bolsa Chica State Beach, coastal wetlands, nature trails, parks, retail, dining, and schools. WalkScore is 75, BikeScore is 67, and TransitScore is 34.
Recent work includes exterior painting, fascia and railing updates, resurfacing of balcony and walkway decks, and compliance with SB-721. Several residences have luxury vinyl plank flooring, while two feature upgraded kitchens and modern fixtures. Gas and electric service are separately metered for each unit.
The property is located just over a mile from the beach in Huntington Harbour, near Bolsa Chica State Beach, coastal wetlands, nature trails, parks, retail, dining, and schools. WalkScore is 75, BikeScore is 67, and TransitScore is 34.
Key Highlights
- Four‑unit configuration with 3BR/2.5BA, 3BR/2BA, 2BR/2BA, and 1BR/1BA residences
- Six garages plus additional off‑street parking
- Separate gas and electric meters for all units
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
$101,310
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
4.22%
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%
$2,026,200
$2.0M
Cap Rate 7%
$1,447,286
$1.4M
Cap Rate 9%
$1,125,667
$1.1M
Market Conditions
NOI Build-Up for 4,335 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
$148.3K $34.20/SF
− Vacancy
−$3.5K −$0.81/SF
EGI
$144.7K $33.39/SF
− OpEx
−$43.4K −$10.02/SF
NOI
$101.3K $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%
$2,026,200
Cap Rate 7%
$1,447,286
Cap Rate 9%
$1,125,667
Alternative Uses
Best Use
Multifamily LT 5
$1.45M
$1.27M – $1.69M
NOI $101,310 @ 7.0% cap · market cap 4.22%
Second Best
Apartment 5plus
$1.34M
$1.17M – $1.56M
NOI $93,451 @ 7.0% cap · market cap 3.90%
Theoretical Best
Specialty Retail
$1.50M
$1.31M – $1.75M
NOI $104,872 @ 7.0% cap · market cap 4.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,340
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with varied layouts, private outdoor spaces, separate utility metering, and off-street parking.
Where is this quadplex located?
The property is located at 16802 Hoskins Ln Huntington Beach, CA.
What is the asking price?
The asking price for this property is $2,399,000.
What are key features of this property?
This property features: Four‑unit configuration with 3BR/2.5BA, 3BR/2BA, 2BR/2BA, and 1BR/1BA residences; Six garages plus additional off‑street parking; Separate gas and electric meters for all units
