Coastal 3-Unit
For Sale
$1,950,000
2405 Whitesands Drive, Huntington Beach, CA 92648
Well-kept three-unit multifamily with shared coin-operated laundry and owner-paid water and trash.
Property Size3,614 SF
Days on Market97
Property Features for 2405 Whitesands Drive
General Information
Standard status
Active
Size
3,614 SF
Property subtype
Triplex
Additional Details
Multifamily Units
3
Building Details
Building Size
3,614 SF
Year Built
1976
Tenancy
Multi
Listing Agency:
Cerritos Investments Inc.
Listed By:
Emily Ching · License #01341344
(562) 802-5822
Source:
Velocityrealtysd
Added: Jun 1
Changed: Aug 31
Last Checked: Sep 4 at 12:18PM
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 Cerritos Investments Inc.
Investment Insights
Based on property information with market context.
This well-kept three-unit apartment property offers a mix of layouts across the building. Unit #1 is a two-level unit at the front with three bedrooms and three bathrooms, plus a backyard. Unit #2 is a one-level unit at the rear side with two bedrooms and two bathrooms, along with an L-shaped backyard. Unit #3 is located on the second floor above the garages and includes two bedrooms, two bathrooms, and a private balcony.
A coin-operated laundry room is shared by Units #2 and #3 and is located in an outside closet downstairs. The property is reported as having long-term tenants on month-to-month rent, and the owner pays water and trash.
The listing describes the building as providing three distinct residences with outdoor space tied to Units #1 and #2 and a private balcony for Unit #3.
A coin-operated laundry room is shared by Units #2 and #3 and is located in an outside closet downstairs. The property is reported as having long-term tenants on month-to-month rent, and the owner pays water and trash.
The listing describes the building as providing three distinct residences with outdoor space tied to Units #1 and #2 and a private balcony for Unit #3.
Key Highlights
- Well‑kept 3‑unit multifamily in Surf City, Huntington Beach with shared coin‑operated laundry
- Unit #1: 2‑level front unit with 3 bedrooms, 3 baths, and a backyard
- Unit #2: 1‑level rear side unit with 2 bedrooms, 2 baths, and an L‑shaped backyard
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
$84,460
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
4.33%
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%
$1,689,200
$1.7M
Cap Rate 7%
$1,206,571
$1.2M
Cap Rate 9%
$938,444
$938.4K
Market Conditions
NOI Build-Up for 3,614 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
$123.6K $34.20/SF
− Vacancy
−$2.9K −$0.81/SF
EGI
$120.7K $33.39/SF
− OpEx
−$36.2K −$10.02/SF
NOI
$84.5K $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%
$1,689,200
Cap Rate 7%
$1,206,571
Cap Rate 9%
$938,444
Alternative Uses
Best Use
Multifamily LT 5
$1.21M
$1.06M – $1.41M
NOI $84,460 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$1.11M
$973.9K – $1.30M
NOI $77,908 @ 7.0% cap · market cap 4.00%
Theoretical Best
Specialty Retail
$1.25M
$1.09M – $1.46M
NOI $87,430 @ 7.0% cap · market cap 4.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,875
Businesses Nearby
Explore this area
Business Placement
Demographics for 92648, CA
46,691
Population
21,609
Households
2.2
Avg Household Size
44
Median Age
51%
College-Educated
95%
High-School Grad
8.0 sq mi
ZIP Area
5,836
Density / Sq Mi
$118,993
Median Household Income
$73,049
Median Earnings
$2,324
Median Rent
$1,176,000
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?
Triplex - Well-kept three-unit multifamily with shared coin-operated laundry and owner-paid water and trash.
Where is this triplex located?
The property is located at 2405 Whitesands Drive Huntington Beach, CA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Well‑kept 3‑unit multifamily in Surf City, Huntington Beach with shared coin‑operated laundry; Unit #1: 2‑level front unit with 3 bedrooms, 3 baths, and a backyard; Unit #2: 1‑level rear side unit with 2 bedrooms, 2 baths, and an L‑shaped backyard
