Renovated Four-Unit
New
For Sale
$1,975,000
7282 La Mancha Cir, Huntington Beach, CA 92647
Four-unit property with individual garages, assigned parking, varied floor plans, and recent building-system improvements.
Property Size3,902 SF
Days on Market4
Property Features for 7282 La Mancha Cir
General Information
Standard status
Active
Size
3,902 SF
Total Parking Spaces
6
Property subtype
Quadruplex
Occupancy
100%
Units
Unit Mix
1 x 3BR/2BA, 2 x 2BR/2BA, 1 x 1BR/1BA
Multifamily Units
4
Additional Details
Road Access
Yes
Amenities
community laundry room
Building Details
Building Size
3,902 SF
Year Built
1970
Tenancy
Multi
Listing Agency:
Rainbow Realty
Listed By:
Ray Chen · License #02162618
Source:
Altamirarealty
Added: Sep 8
Changed: Sep 10
Last Checked: Sep 10 at 3:08PM
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 Rainbow Realty
Investment Insights
Based on property information with market context.
This four-unit quadplex includes a mix of one-, two-, and three-bedroom residences, with each unit assigned a single-car garage with opener. Two units offer private balconies, while the owner's residence includes one-level living, a fireplace, enclosed side yard, covered patio, remodeled kitchen, LVP flooring, dual-pane windows, plantation shutters, and wall A/C units. A community laundry room and two additional assigned uncovered parking spaces serve the property. Units B and D received renovations in June 2026 and July 2026, respectively, including appliances, flooring, countertops, blinds, and ceiling fans. Unit D's garage is wired for EV charging.
Major capital work includes a full roof replacement in 2024, repiping, exterior repairs and repainting in 2025, and completion of the State of California SB 721 deck inspection in December 2025. The property sits on a cul-de-sac across from Murdy Park and Community Center, approximately 3 miles from the beach. One residence is owner-occupied, while three are tenant-occupied.
Major capital work includes a full roof replacement in 2024, repiping, exterior repairs and repainting in 2025, and completion of the State of California SB 721 deck inspection in December 2025. The property sits on a cul-de-sac across from Murdy Park and Community Center, approximately 3 miles from the beach. One residence is owner-occupied, while three are tenant-occupied.
Key Highlights
- Four units with one-, two-, and three‑bedroom floor plans
- Each unit includes a single‑car garage with opener
- Two additional assigned uncovered parking spaces and community laundry room
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
$91,191
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
4.62%
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%
$1,823,820
$1.8M
Cap Rate 7%
$1,302,729
$1.3M
Cap Rate 9%
$1,013,233
$1.0M
Market Conditions
NOI Build-Up for 3,902 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
$133.4K $34.20/SF
− Vacancy
−$3.2K −$0.81/SF
EGI
$130.3K $33.39/SF
− OpEx
−$39.1K −$10.02/SF
NOI
$91.2K $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%
$1,823,820
Cap Rate 7%
$1,302,729
Cap Rate 9%
$1,013,233
Alternative Uses
Best Use
Multifamily LT 5
$1.30M
$1.14M – $1.52M
NOI $91,191 @ 7.0% cap · market cap 4.62%
Second Best
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $84,116 @ 7.0% cap · market cap 4.26%
Theoretical Best
Specialty Retail
$1.35M
$1.18M – $1.57M
NOI $94,397 @ 7.0% cap · market cap 4.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,054
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
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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?
Quadplex - Four-unit property with individual garages, assigned parking, varied floor plans, and recent building-system improvements.
Where is this quadplex located?
The property is located at 7282 La Mancha Cir Huntington Beach, CA.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Four units with one-, two-, and three‑bedroom floor plans; Each unit includes a single‑car garage with opener; Two additional assigned uncovered parking spaces and community laundry room
