Four-Unit Quadplex with
New
For Sale
$1,750,000
7761 Mandrell Drive, Huntington Beach, CA 92647
Four residences span two levels, with on-site laundry and parking for residents.
Property Size3,585 SF
Days on Market6
Property Features for 7761 Mandrell Drive
General Information
Standard status
Active
Size
3,585 SF
Total Parking Spaces
6
Property subtype
Apartment
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Amenities
on-site laundry
Building Details
Building Size
3,585 SF
Year Built
1964
Buildings
1
Listing Agency:
Pacific City Properties
Listed By:
Reine Shih Briggs · License #00858845
(714) 378-1366
Source:
Altamirarealty
Added: Oct 9
Changed: Oct 11
Last Checked: Oct 13 at 1:58AM
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 Pacific City Properties
Investment Insights
Based on property information with market context.
This four-unit quadplex in Huntington Beach contains four 2-bedroom, 2-bathroom apartments. Two residences are on the ground floor and two are upstairs. The property was built in 1964 and includes on-site laundry, four covered carport spaces, and two additional parking spaces.
Oak View Elementary School is nearby. The property has long-term tenants.
Oak View Elementary School is nearby. The property has long-term tenants.
Key Highlights
- Four 2‑bedroom, 2‑bathroom apartments
- Two ground‑floor units and two upper‑level units
- Six parking spaces, including four covered carport spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,782
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,675,640
$1.7M
Cap Rate 7%
$1,196,886
$1.2M
Cap Rate 9%
$930,911
$930.9K
Market Conditions
NOI Build-Up for 3,585 SF
Gross rent
$122.6K $34.20/SF
− Vacancy
−$2.9K −$0.81/SF
EGI
$119.7K $33.39/SF
− OpEx
−$35.9K −$10.02/SF
NOI
$83.8K $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 Rate 5%
$1,675,640
Cap Rate 7%
$1,196,886
Cap Rate 9%
$930,911
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $83,782 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$1.10M
$966.0K – $1.29M
NOI $77,283 @ 7.0% cap · market cap 4.42%
Theoretical Best
Specialty Retail
$1.24M
$1.08M – $1.45M
NOI $86,728 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,002
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
Check the figures for this property
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 residences span two levels, with on-site laundry and parking for residents.
Where is this quadplex located?
The property is located at 7761 Mandrell Drive Huntington Beach, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Four 2‑bedroom, 2‑bathroom apartments; Two ground‑floor units and two upper‑level units; Six parking spaces, including four covered carport spaces
