Three-Building Apartment
For Sale
$7,800,000
921 W Huntington Drive, Arcadia, CA 91007
Well-maintained 20-unit, three-building residential property with parking, pool, and on-site laundry.
Property Size16,314 SF
Price / SF$478.12
Days on Market98
Property Features for 921 W Huntington Drive
General Information
Standard status
Active
Size
16,314 SF
Total Parking Spaces
28
Property subtype
Multi-family
Additional Details
Multifamily Units
20
Amenities
sparkling swimming pool
beautifully landscaped grounds
abundant parking
well-maintained laundry facility equipped with three sets of owned washers and dryers
Building Details
Year Built
1953
Listing Agency:
Realty Investment Advisors,Inc.
Listed By:
Benjamin J. Hsiang
(714) 497-3550
Source:
Sevengables
Added: Jun 8
Changed: Sep 12
Last Checked: Sep 12 at 10:20AM
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 Realty Investment Advisors,Inc.
Investment Insights
Based on property information with market context.
This for-sale apartment community consists of three separate residential buildings totaling 20 units. The unit mix includes eight two-bedroom, one-bathroom homes and twelve one-bedroom, one-bathroom homes. The property includes a swimming pool, landscaped grounds, abundant parking, and a laundry facility with three sets of owned washers and dryers.
The buildings sit on a single lot along West Huntington Drive within the Arcadia Unified School District. The ownership reports extensive capital improvements, including copper plumbing upgrades, newer roofing, fresh exterior paint, electrical subpanel replacements, and interior unit renovations.
Units are separately metered for gas and electricity. Parking totals 28 spaces, including garages and open parking, supporting resident access and day-to-day convenience.
The buildings sit on a single lot along West Huntington Drive within the Arcadia Unified School District. The ownership reports extensive capital improvements, including copper plumbing upgrades, newer roofing, fresh exterior paint, electrical subpanel replacements, and interior unit renovations.
Units are separately metered for gas and electricity. Parking totals 28 spaces, including garages and open parking, supporting resident access and day-to-day convenience.
Key Highlights
- 20‑unit apartment community on a 34,969 SF lot in Arcadia Unified School District
- Three separate residential buildings with 8 two‑bedroom/1‑bath units and 12 one‑bedroom/1‑bath units
- Well‑maintained community amenities include a swimming pool, landscaped grounds, abundant parking, and a laundry facility
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
$262,505
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
3.37%
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%
$5,250,100
$5.3M
Cap Rate 7%
$3,750,071
$3.8M
Cap Rate 9%
$2,916,722
$2.9M
Market Conditions
NOI Build-Up for 16,314 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
$518.8K $31.80/SF
− Vacancy
−$41.5K −$2.54/SF
EGI
$477.3K $29.26/SF
− OpEx
−$214.8K −$13.17/SF
NOI
$262.5K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /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%
$5,250,100
Cap Rate 7%
$3,750,071
Cap Rate 9%
$2,916,722
Alternative Uses
Best Use
Apartment 5plus
$3.75M
$3.28M – $4.38M
NOI $262,505 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.73M
$7.64M – $10.19M
NOI $611,412 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
20
Residential units
Location Intelligence
Trade Area within ½ mile
1,938
Businesses Nearby
Explore this area
Business Placement
Demographics for 91007, CA
33,804
Population
12,772
Households
2.6
Avg Household Size
44
Median Age
54%
College-Educated
91%
High-School Grad
5.5 sq mi
ZIP Area
6,146
Density / Sq Mi
$101,762
Median Household Income
$60,991
Median Earnings
$2,129
Median Rent
$1,231,100
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 - Well-maintained 20-unit, three-building residential property with parking, pool, and on-site laundry.
Where is this apartment building located?
The property is located at 921 W Huntington Drive Arcadia, CA.
What is the asking price?
The asking price for this property is $7,800,000.
What are key features of this property?
This property features: 20‑unit apartment community on a 34,969 SF lot in Arcadia Unified School District; Three separate residential buildings with 8 two‑bedroom/1‑bath units and 12 one‑bedroom/1‑bath units; Well‑maintained community amenities include a swimming pool, landscaped grounds, abundant parking, and a laundry facility
