22-Unit Apartment
New
For Sale
$8,800,000
17062 B Ln, Huntington Beach, CA 92647
Single-story residences offer garage parking, open parking, and individual washer/dryer hookups.
Property Size20,570 SF
Lot Size1.38 Acres
Price / SF$427.81
Days on Market7
Property Features for 17062 B Ln
General Information
Standard status
Active
Size
20,570 SF
Lot size
1.38 Acres
Property subtype
Residential Income
Units
Unit Mix
22 x 2BR
Multifamily Units
22
Parking per Unit
2
Amenities
washer/dryer hookups
wall furnace heating
Building Details
Stories
1
Listing Agency:
CB Richard Ellis, Inc.
Listed By:
Michael O'Neill II
(949) 809-3615
Source:
Exprealty
Added: Sep 14
Changed: Sep 19
Last Checked: Sep 19 at 2:16PM
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 CB Richard Ellis, Inc.
Investment Insights
Based on property information with market context.
This apartment property comprises 22 single-story, two-bedroom units across four contiguous parcels totaling 1.38 acres. Each residence includes washer/dryer hookups and wall furnace heating, along with one assigned garage and one open parking space. The property also includes detached garages identified for potential conversion to ADUs.
Located in Huntington Beach, the asset carries a Walk Score of 83, with shopping, dining, and the coast accessible from the surrounding area. The combination of unit count, private garage parking, and parcel configuration creates a substantial multifamily property with multiple existing physical features.
Located in Huntington Beach, the asset carries a Walk Score of 83, with shopping, dining, and the coast accessible from the surrounding area. The combination of unit count, private garage parking, and parcel configuration creates a substantial multifamily property with multiple existing physical features.
Key Highlights
- 22 single‑story two‑bedroom apartment units
- 1.38 acres across four contiguous parcels
- Each unit includes one assigned garage and one 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
$443,433
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
5.04%
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%
$8,868,660
$8.9M
Cap Rate 7%
$6,334,757
$6.3M
Cap Rate 9%
$4,927,033
$4.9M
Market Conditions
NOI Build-Up for 20,570 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
$826.9K $40.20/SF
− Vacancy
−$20.7K −$1.01/SF
EGI
$806.2K $39.20/SF
− OpEx
−$362.8K −$17.64/SF
NOI
$443.4K $21.56/SF
Area
Huntington Beach, CA
Vacancy
2.50%
Lease Rate
$40.20 /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%
$8,868,660
Cap Rate 7%
$6,334,757
Cap Rate 9%
$4,927,033
Alternative Uses
Best Use
Apartment 5plus
$6.33M
$5.54M – $7.39M
NOI $443,433 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.11M
$6.22M – $8.29M
NOI $497,629 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
22
Residential units
Location Intelligence
Trade Area within ½ mile
2,276
Businesses Nearby
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
Check the figures for this property
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?
Apartment building - Single-story residences offer garage parking, open parking, and individual washer/dryer hookups.
Where is this apartment building located?
The property is located at 17062 B Ln Huntington Beach, CA.
What is the asking price?
The asking price for this property is $8,800,000.
What are key features of this property?
This property features: 22 single‑story two‑bedroom apartment units; 1.38 acres across four contiguous parcels; Each unit includes one assigned garage and one open parking space
