10-Unit Apartment
New
For Sale
$5,199,000
7911 7921 Macdonald, Huntington Beach, CA 92647
Residences combine townhouse-style and single-level layouts, with private outdoor space at every unit.
Property Size12,990 SF
Days on Market5
Property Features for 7911 7921 Macdonald
General Information
Standard status
Active
Size
12,990 SF
Total Parking Spaces
20
Property subtype
Residential Income
Net Operating Income
$204,190
Units
Unit Mix
1 x 3BR/2.5BA, 3 x 2BR/1.5BA, 1 x 3BR/2BA
Multifamily Units
10
Amenities
patio/backyard
laundry rooms
individual laundry
Street Lights, Suburban, Sidewalks
Wall Furnace
Disposal, Gas Oven, Gas Water Heater
Block
Garage
Contemporary, Spanish
Building Details
Building Size
12,990 SF
Year Built
1976
Buildings
3
Stories
2
Listing Agency:
House of Seven Gables Real Estate Inc.
Listed By:
Keith Wichner · License #00586443
(714) 206-2383
Source:
Evrealestate
Added: Sep 27
Changed: Sep 29
Last Checked: Oct 1 at 11:01AM
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 House of Seven Gables Real Estate Inc.
Investment Insights
Based on property information with market context.
This 10-unit apartment property spans two parcels and was built in 1976. Average unit size is almost 1300sf. The layouts include townhouse-style residences, with three-bedroom, two-and-a-half-bath and two-bedroom, one-and-a-half-bath configurations, as well as three-bedroom, two-bath units. Each residence has a patio or backyard. Units identified as #5 are arranged above garages and have large balconies; these units also include individual laundry facilities.
Parking is provided with one garage and one additional space per unit. The property has two shared laundry rooms equipped with washers and dryers, alongside the individual laundry in the #5 units. The unit mix and private outdoor areas provide a range of residential layouts within the same 10-unit property.
Parking is provided with one garage and one additional space per unit. The property has two shared laundry rooms equipped with washers and dryers, alongside the individual laundry in the #5 units. The unit mix and private outdoor areas provide a range of residential layouts within the same 10-unit property.
Key Highlights
- 10‑unit apartment property situated on 2 parcels
- Average unit size is almost 1300sf
- Townhouse‑style units include 3‑bedroom, 2.5‑bath and 2‑bedroom, 1.5‑bath layouts; 3‑bedroom, 2‑bath units are also present
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
$280,029
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
5.39%
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%
$5,600,580
$5.6M
Cap Rate 7%
$4,000,414
$4.0M
Cap Rate 9%
$3,111,433
$3.1M
Market Conditions
NOI Build-Up for 12,990 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
$522.2K $40.20/SF
− Vacancy
−$13.1K −$1.01/SF
EGI
$509.1K $39.20/SF
− OpEx
−$229.1K −$17.64/SF
NOI
$280.0K $21.56/SF
Area
Huntington Beach, CA
Vacancy
2.50%
Lease Rate
$40.20 /SF/Yr
Expense Ratio
45.00%
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%
$5,600,580
Cap Rate 7%
$4,000,414
Cap Rate 9%
$3,111,433
Alternative Uses
Best Use
Apartment 5plus
$4.00M
$3.50M – $4.67M
NOI $280,029 @ 7.0% cap · market cap 5.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.49M
$3.93M – $5.24M
NOI $314,254 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
2,280
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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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Residences combine townhouse-style and single-level layouts, with private outdoor space at every unit.
Where is this apartment building located?
The property is located at 7911 7921 Macdonald Huntington Beach, CA.
What is the asking price?
The asking price for this property is $5,199,000.
What are key features of this property?
This property features: 10‑unit apartment property situated on 2 parcels; Average unit size is almost 1300sf; Townhouse‑style units include 3‑bedroom, 2.5‑bath and 2‑bedroom, 1.5‑bath layouts; 3‑bedroom, 2‑bath units are also present
