Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7821 Newman Ave Huntington Beach, CA 92647-6857

    • Residential income homes
    • 2,324 SF
    • 0.21 lot acres
    OFF-MARKET
    Last Sale
    Sep 19, 2024
    $1,180,000
    Value Estimations
    $1,180,000
    Show details
    Cap Rate Potential
    4.6%
    Residential income homes
    Location Intelligence
    Property ID
    US10-3245406
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 7821 Newman Ave

    Year built
    1961
    Lot size
    0.21 lot acres
    Property size
    2,324 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    165-312-29
    APU
    16531229

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,180,000
      ML approach
      $1,180,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $905,000
      6.5%
      $835,000
      7%
      $775,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,111,000
      Market price range: $487k - $1.11M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $845,000
      Current use
      COMMERCIAL (GENERAL)
      $1,310,000
      Change: +54% Conversion: Moderate
      RETAIL STORES
      $1,130,000
      Change: +34% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,090,000
      Change: +29% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,035,000
      Change: +22% Conversion: Difficult
      OFFICE BUILDING
      $995,000
      Change: +18% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Huntington Beach
    County
    Orange
    State
    California
    Longitude
    -117.992
    Latitude
    33.705
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $13,732
    $1,093,834
    $86,166
    $1,180,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $840,000
      4,985 SF

      7761 Glencoe Dr, Unit 1

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,985 SF
      7761 Glencoe Dr, Huntington Beach, CA 92647-4175
      View Details
    • Value Estimation
      $625,000
      3,148 SF

      7761 Newman Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,148 SF
      7761 Newman Ave, Huntington Beach, CA 92647-6858
      View Details
    • Value Estimation
      $685,000
      3,726 SF

      17641 Van Buren Ln

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,726 SF
      17641 Van Buren Ln, Huntington Beach, CA 92647-6902
      View Details
    • Value Estimation
      $820,000
      3,545 SF

      7841 Liberty Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,545 SF
      7841 Liberty Dr, Huntington Beach, CA 92647-7760
      View Details
    • Value Estimation
      $910,000
      4,732 SF

      7932 Newman Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,732 SF
      7932 Newman Ave, Huntington Beach, CA 92647-6889
      View Details
    • Value Estimation
      $665,000
      2,923 SF

      8412 Slater Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,923 SF
      8412 Slater Ave, Huntington Beach, CA 92647-8979
      View Details

    Similar Nearby for Sale

    • $1,949,000

      Huntington Beach Multifamily Investment Opportunity

      Five-unit apartment building with rental upside in Huntington Beach.
      17431 Koledo Ln, Huntington Beach, CA 92647
      View Details
    • $2,700,000
      4,250 SF

      Huntington Beach Multifamily Investment Opportunity

      Three-unit property on a large lot near Bella Terra.
      7736 Sugar Dr, Huntington Beach, CA 92647
      View Details
    • $74,777

      Beachview Mobile Manor Home

      Beach cottage vibe, 2 bedrooms, pet-friendly park near the beach.
      17261 Gothard St, Huntington Beach, CA 92647
      View Details
    • $2,700,000
      4,250 SF

      Huntington Beach Multi-Unit Compound

      Three-unit property on a large lot near Huntington Beach.
      7736 Sugar Dr, Huntington Beach, CA 92647
      View Details
    • $2,200,000
      4,580 SF

      Huntington Beach Quadruplex Investment Opportunity

      Upgraded four-unit property with excellent tenants in Huntington Beach.
      16722 Goldenwest St, Huntington Beach, CA 92647
      View Details
    • New
      $1,180,000
      Pending

      Huntington Beach Single Family Home

      Single-family residence in Huntington Beach, CA, with strong rental income potential.
      15391 Rushmoor Ln, Huntington Beach, CA 92647
      View Details

    Similar Nearby for Lease

    • $1.55 SF/Yr
      8,495 SF

      Free Standing Building For Rent

      8,495 SF free standing building with office space.
      16631 Burke Ln, Huntington Beach, CA 92647
      View Details
    • $1.67 SF/Yr
      5,437 SF

      Industrial Building with Office Space

      Industrial building featuring office space and ground level loading doors.
      17891 Georgetown Ln, Huntington Beach, CA 92647
      View Details
    • $1.72 SF/Yr
      987 SF

      Huntington Beach Warehouse Space Available

      Multi-tenant building featuring warehouse space with private office.
      7272 Saturn Dr, Huntington Beach, CA 92647
      View Details
    • $1.60 SF/Yr
      7,500 SF

      Gated Flex Space with Yard

      Flex space with gated yard available for sublease.
      16102 Gothard St, Huntington Beach, CA 92647
      View Details
    • $30 SF/Yr
      2,156 SF

      Huntington Beach Retail Space

      2,156 SF Fitness-Related Retail Space
      7887 Center Ave, Huntington Beach, CA 92647
      View Details
    • Contact for pricing
      63,797 SF

      Huntington Beach Retail Center

      Prime Retail Space Available Now
      6911 Warner Ave, Huntington Beach, CA 92647
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7821 Newman Ave
    Huntington Beach, CA 92647-6857
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.