Improved Quadplex with Private
For Sale
Contact for pricing
17172 Harbor Bluffs Circle, Huntington Beach, CA 92649
Four residential units include varied layouts, private outdoor areas, and dedicated parking.
Property Size4,423 SF
Price / SF$564.10
Days on Market14
Property Features for 17172 Harbor Bluffs Circle
General Information
Standard status
Active
Size
4,423 SF
Total Parking Spaces
12
Property subtype
Multifamily
Occupancy
75%
Net Operating Income
$99,848
Units
Unit Mix
1 x 3BR/2BA, 2 x 2BR/1.5BA, 1 x 1BR/1BA
Multifamily Units
4
Building Details
Year Built
1977
Buildings
1
Units
4
Tenancy
Multi
Listing Agency:
Stream Realty Partners Greater L.A.
Listed By:
Pat Swanson · License #CA 01382974
Source:
Crexi
Added: Jul 30
Changed: Aug 11
Last Checked: Aug 11 at 7:54PM
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 Stream Realty Partners Greater L.A.
Investment Insights
Based on property information with market context.
This four-unit residential property contains 4,423 SF on a private corner lot in Huntington Beach. The unit mix includes one 3-bedroom, 2-bath residence with a 2-car garage and 2-car driveway, two 2-bedroom, 1.5-bath townhomes, and one 1-bedroom, 1-bath unit. Private yards and balconies add outdoor space across the property.
Parking totals 12 spaces, combining the garage, driveway areas, tandem spaces, and open parking. More than $45,000 in capital improvements were completed during the past eight months, and the building has a commercial-grade TPO membrane roof. Bolsa Chica State Beach is 1.1 miles away. The property was built in 1977 and is located at 17172 Harbor Bluffs Circle, Huntington Beach, CA 92649.
Parking totals 12 spaces, combining the garage, driveway areas, tandem spaces, and open parking. More than $45,000 in capital improvements were completed during the past eight months, and the building has a commercial-grade TPO membrane roof. Bolsa Chica State Beach is 1.1 miles away. The property was built in 1977 and is located at 17172 Harbor Bluffs Circle, Huntington Beach, CA 92649.
Key Highlights
- 4,423 SF fourplex on a private corner lot
- Unit mix includes 3‑bedroom, 2‑bath; two 2‑bedroom, 1.5‑bath; and 1‑bedroom, 1‑bath residences
- 12 total parking spaces, including a 2‑car garage and tandem parking
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
$103,367
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
4.14%
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%
$2,067,340
$2.1M
Cap Rate 7%
$1,476,671
$1.5M
Cap Rate 9%
$1,148,522
$1.1M
Market Conditions
NOI Build-Up for 4,423 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
$151.3K $34.20/SF
− Vacancy
−$3.6K −$0.81/SF
EGI
$147.7K $33.39/SF
− OpEx
−$44.3K −$10.02/SF
NOI
$103.4K $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%
$2,067,340
Cap Rate 7%
$1,476,671
Cap Rate 9%
$1,148,522
Alternative Uses
Best Use
Multifamily LT 5
$1.48M
$1.29M – $1.72M
NOI $103,367 @ 7.0% cap · market cap 4.14%
Second Best
Apartment 5plus
$1.36M
$1.19M – $1.59M
NOI $95,348 @ 7.0% cap · market cap 3.82%
Theoretical Best
Specialty Retail
$1.53M
$1.34M – $1.78M
NOI $107,001 @ 7.0% cap · market cap 4.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
901
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 residential units include varied layouts, private outdoor areas, and dedicated parking.
Where is this quadplex located?
The property is located at 17172 Harbor Bluffs Circle Huntington Beach, CA.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: 4,423 SF fourplex on a private corner lot; Unit mix includes 3‑bedroom, 2‑bath; two 2‑bedroom, 1.5‑bath; and 1‑bedroom, 1‑bath residences; 12 total parking spaces, including a 2‑car garage and tandem parking
