34-Unit Apartment
8071 Garfield, Huntington Beach, CA 92646
For Sale
$16,125,000
Split-level apartment property with separately metered utilities, garage parking, and washer-dryer hookups in every unit.
Property Size39,028 SF
Days on Market57
Property Features for 8071 Garfield
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Utilities to Site
Units
Unit Mix
Multifamily Units
Amenities
stackable washer/dryer hookups
Building Details
Building Size
Year Built
Buildings
Listing Agency:
American Realty Services
Listed By:
Robert Ludwick · License #02246048
Source:
Altamirarealty
Added: Sep 14
Changed: Nov 5
Last Checked: Nov 8 at 4:07PM
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 American Realty Services
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Investment Insights
Based on property information with market context.
Built in 1988, this split-level apartment complex contains 34 units across two buildings. Building 8071 has 16 units, including seven one-bedroom, eight two-bedroom, and one three-bedroom residences. Building 8081 has 18 units, comprising eight one-bedroom, nine two-bedroom, and one three-bedroom residences. One-bedroom units have one and a half baths, while the two- and three-bedroom units each include two and a half baths.
Gas and electric service are separately metered for each residence, with water paid by the owner. Every unit includes hookups for a stackable washer and dryer. The property also provides 44 garages—21 at 8071 and 23 at 8081—along with 25 uncovered parking spaces. The complex is located off Beach and Garfield in Huntington Beach.
Gas and electric service are separately metered for each residence, with water paid by the owner. Every unit includes hookups for a stackable washer and dryer. The property also provides 44 garages—21 at 8071 and 23 at 8081—along with 25 uncovered parking spaces. The complex is located off Beach and Garfield in Huntington Beach.
Key Highlights
- 34 units divided between two buildings: 16 units at 8071 and 18 units at 8081
- Unit mix includes 15 one‑bedrooms, 17 two‑bedrooms, and 2 three‑bedrooms
- Each residence has separately metered gas and electric service; owner pays for water
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$841,336
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,826,720
$16.8M
Cap Rate 7%
$12,019,086
$12.0M
Cap Rate 9%
$9,348,178
$9.3M
Market Conditions
NOI Build-Up for 39,028 SF
Gross rent
$1.57M $40.20/SF
− Vacancy
−$39.2K −$1.01/SF
EGI
$1.53M $39.20/SF
− OpEx
−$688.4K −$17.64/SF
NOI
$841.3K $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 Rate 5%
$16,826,720
Cap Rate 7%
$12,019,086
Cap Rate 9%
$9,348,178
Alternative Uses
Best Use
Apartment 5plus
$12.02M
$10.52M – $14.02M
NOI $841,336 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$13.49M
$11.80M – $15.74M
NOI $944,165 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
34
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,787
Businesses Nearby
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Business Placement
Demographics for 92646, CA
56,788
Population
22,195
Households
2.6
Avg Household Size
46
Median Age
50%
College-Educated
95%
High-School Grad
8.1 sq mi
ZIP Area
7,011
Density / Sq Mi
$132,841
Median Household Income
$67,959
Median Earnings
$2,570
Median Rent
$1,031,700
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Orange County, CA
Properties on Market for Apartment buildings in Orange County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Split-level apartment property with separately metered utilities, garage parking, and washer-dryer hookups in every unit.
Where is this apartment building located?
The property is located at 8071 Garfield Huntington Beach, CA.
What is the asking price?
The asking price for this property is $16,125,000.
What are key features of this property?
This property features: 34 units divided between two buildings: 16 units at 8071 and 18 units at 8081; Unit mix includes 15 one‑bedrooms, 17 two‑bedrooms, and 2 three‑bedrooms; Each residence has separately metered gas and electric service; owner pays for water
