Remodeled
New
For Sale
$2,000,000
17082 Evergreen Circle, Huntington Beach, CA 92647
Four-unit apartment property with a recently updated three-bedroom residence and well-maintained units.
Property Size3,923 SF
Price / SF$509.81
Days on Market3
Property Features for 17082 Evergreen Circle
General Information
Standard status
Active
Size
3,923 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Building Details
Year Built
1967
Listed By:
Anvil Real Estate
(949) 449-2770
Source:
Anvilreinc
Added: Sep 2
Changed: Sep 3
Last Checked: Sep 4 at 5:44AM
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 Anvil Real Estate
Investment Insights
Based on property information with market context.
This 3,923-square-foot quadplex was built in 1967 and contains four apartment units. One three-bedroom residence has been recently remodeled, while the remaining units are described as being in good condition. The property offers an established multifamily configuration at 17082 Evergreen Circle in Huntington Beach, California.
Current rents support a 5% cap rate. The asset combines a defined four-unit layout with an updated unit and existing rental performance, providing clear operating context for multifamily buyers.
Current rents support a 5% cap rate. The asset combines a defined four-unit layout with an updated unit and existing rental performance, providing clear operating context for multifamily buyers.
Key Highlights
- Four‑unit apartment building at 17082 Evergreen Circle, Huntington Beach, CA 92647
- 3,923 square feet, built in 1967
- Recently remodeled three‑bedroom unit
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
$91,681
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
4.58%
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%
$1,833,620
$1.8M
Cap Rate 7%
$1,309,729
$1.3M
Cap Rate 9%
$1,018,678
$1.0M
Market Conditions
NOI Build-Up for 3,923 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
$134.2K $34.20/SF
− Vacancy
−$3.2K −$0.81/SF
EGI
$131.0K $33.39/SF
− OpEx
−$39.3K −$10.02/SF
NOI
$91.7K $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%
$1,833,620
Cap Rate 7%
$1,309,729
Cap Rate 9%
$1,018,678
Alternative Uses
Best Use
Multifamily LT 5
$1.31M
$1.15M – $1.53M
NOI $91,681 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,569 @ 7.0% cap · market cap 4.23%
Theoretical Best
Specialty Retail
$1.36M
$1.19M – $1.58M
NOI $94,905 @ 7.0% cap · market cap 4.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
610
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
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 apartment property with a recently updated three-bedroom residence and well-maintained units.
Where is this quadplex located?
The property is located at 17082 Evergreen Circle Huntington Beach, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Four‑unit apartment building at 17082 Evergreen Circle, Huntington Beach, CA 92647; 3,923 square feet, built in 1967; Recently remodeled three‑bedroom unit
