Remodeled Duplex with
For Sale
$1,368,000
7611 Warner Avenue 2, Huntington Beach, CA 92647
Two-level duplex with permits on record and access to nearby schools, dining, entertainment, and freeway routes.
Property Size1,855 SF
Days on Market115
Property Features for 7611 Warner Avenue 2
General Information
Standard status
Active
Size
1,855 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Building Size
1,855 SF
Year Built
1983
Stories
2
Listing Agency:
DOUGLAS REALTY
Listed By:
DOUGLAS NGUYEN · License #00953648
Source:
Altamirarealty
Added: Apr 27
Changed: Aug 17
Last Checked: Aug 18 at 4:29AM
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 DOUGLAS REALTY
Investment Insights
Based on property information with market context.
This duplex contains two matching residences arranged across two levels. Each unit offers 2 bedrooms and 2 bathrooms, along with a 1-car garage and driveway parking. The property was built in 1983, and permits are on record with the City. Unit B has been updated with new kitchen cabinetry, granite countertops, new appliances, and engineered wood flooring.
The Huntington Beach property is positioned near the 405 freeway, with schools, dining, and entertainment destinations including Bella Terra and Pacific City nearby. The two-unit configuration, individual garage parking, and documented improvements provide a clear residential income property profile.
The Huntington Beach property is positioned near the 405 freeway, with schools, dining, and entertainment destinations including Bella Terra and Pacific City nearby. The two-unit configuration, individual garage parking, and documented improvements provide a clear residential income property profile.
Key Highlights
- Duplex built in 1983
- Two identical 2‑bedroom, 2‑bathroom units
- Each unit includes a 1‑car garage and driveway 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
$43,352
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
3.17%
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%
$867,040
$867.0K
Cap Rate 7%
$619,314
$619.3K
Cap Rate 9%
$481,689
$481.7K
Market Conditions
NOI Build-Up for 1,855 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
$63.4K $34.20/SF
− Vacancy
−$1.5K −$0.81/SF
EGI
$61.9K $33.39/SF
− OpEx
−$18.6K −$10.02/SF
NOI
$43.4K $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%
$867,040
Cap Rate 7%
$619,314
Cap Rate 9%
$481,689
Alternative Uses
Best Use
Multifamily LT 5
$619.3K
$541.9K – $722.5K
NOI $43,352 @ 7.0% cap · market cap 3.17%
Second Best
Apartment 5plus
$571.3K
$499.9K – $666.5K
NOI $39,989 @ 7.0% cap · market cap 2.92%
Theoretical Best
Specialty Retail
$641.1K
$561.0K – $747.9K
NOI $44,876 @ 7.0% cap · market cap 3.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,759
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?
Duplex - Two-level duplex with permits on record and access to nearby schools, dining, entertainment, and freeway routes.
Where is this duplex located?
The property is located at 7611 Warner Avenue 2 Huntington Beach, CA.
What is the asking price?
The asking price for this property is $1,368,000.
What are key features of this property?
This property features: Duplex built in 1983; Two identical 2‑bedroom, 2‑bathroom units; Each unit includes a 1‑car garage and driveway parking
