Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16476 Olive St Hesperia, CA 92345

    View on Map
    Sponsored
    For Sale
    Under Contract
    $460,000

    Duplex - Hesperia, CA

    Type:Duplex
    Property size:
    1,680 SF
    Lot size:
    7,500.00 Acres
    Days on Market:
    12
    Last Refresh:
    Mar 15 at 12:06 pm

    Property Features for 16476 Olive St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active Under Contract
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    2
    APN
    0413152030000
    Parking
    2
    Exterior features
    Community Features Included: Rural, Suburban, Lot 6500-9999, 2-5 Units/Acre
    Size
    1,680 SF
    Lot size
    7,500.00 Acres

    Building Details

    Year built
    1984
    Floors in Building
    1
    Number of units
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    Jerry Casillas

    RE/MAX Time (909) 373-0880

    Listing agent Jerry Casillas (909) 373-0880 License #01357901

    Listing date Mar 3, 2026

    MLS# CV26020041 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Updated Duplex with Garages

    This well-maintained duplex features two spacious units, each with 2 bedrooms, 1 bathroom, and an attached garage providing direct access to the home. The units offer an open floor plan, creating a bright living space. The property includes a recently updated AC unit and some remodeling. This duplex is suitable for investors looking to rent out both units or homeowners wanting to live in one and rent the other. It offers flexibility and income potential. The property is located in Hesperia, California, in San Bernardino County. The lot size is approximately 0.17 acres, and the property size is 1680 square feet. This duplex is suitable for extended families, two households, or investors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hesperia
    County
    San Bernardino
    State
    California
    Longitude
    -117.3032017
    Latitude
    34.418822

    Nearby Similar for Sale

    • $1,399,000
      7,863 SF

      Hesperia Commercial Shopping Center

      7,863 SF shopping center in established commercial corridor.
      16937 Walnut St, Hesperia, CA 92345
      View Details
    • $475,000
      1,728 SF

      Hesperia Commercial Building on Main

      Standalone 1,728 SF commercial building on 0.35 acres.
      14377 Main St, Hesperia, CA 92345
      View Details
    • $260,000
      1,780 SF

      Hesperia Commercial Property For Sale

      Commercial property in high-visibility location, ideal for retail or service ventures.
      9777 Tamarisk Ave, Hesperia, CA 92345
      View Details
    • $490,000
      10,454 SF

      Hesperia Freestanding Office Building For Sale

      Well-maintained office building with ample parking in Hesperia, California.
      16000 Yucca St, Hesperia, CA 92345
      View Details
    • $750,000
      3,264 SF

      Hesperia Quadruplex with Laundry Rooms

      Four-unit property in Hesperia, each with laundry and garage.
      17019 Olive St, Hesperia, CA 92345
      View Details
    • $950,000
      1,110 SF

      Retail Property on Bear Valley

      Commercial property for sale with frontage on Bear Valley Road.
      17085 Bear Valley Rd, Hesperia, CA 92345
      View Details
    • $9,500,000
      3,500 SF

      Iconic Fuel Center Opportunity

      High-traffic fuel center with convenience store and expansion potential.
      6000 Mariposa Rd, Hesperia, CA 92344
      View Details
    • $395,000
      2,000 SF

      Hesperia Commercial Building For Sale

      2,000 sq. ft. commercial building in Hesperia, CA.
      16083 Main St, Hesperia, CA 92345
      View Details
    • $550,000
      1,728 SF

      Hesperia Duplex on Corner Lot

      Charming duplex in Hesperia, ideal for investment or owner-occupancy.
      16503 Smoke Tree Rd, Hesperia, CA 92345
      View Details
    • $545,000
      2,072 SF

      Updated Duplex in Hesperia, CA

      Updated duplex with new roof, windows, and landscaping.
      16527 Vine St, Hesperia, CA 92345
      View Details
    • $410,000
      1,182 SF

      Hesperia Duplex For Sale

      Duplex in Hesperia, CA, with 1182 square feet.
      15990 Yucca St, Hesperia, CA 92345
      View Details
    • $490,000

      Freestanding Office Building in Hesperia

      Well-maintained 2,528 SF office building with ample parking.
      16000 Yucca St, Hesperia, CA 92345
      View Details

    FAQs

    What type of property is this?
    Duplex - Updated duplex featuring two units, garages, and investment potential.
    Where is this duplex located?
    The property is located at 16476 Olive St Hesperia, CA.
    What is the asking price?
    The asking price for this property is $460,000.
    What are key features of this property?
    This property features: - Updated duplex with two spacious units, each featuring 2 bedrooms and 1 bathroom; - Each unit has an attached garage with direct access; - Recently updated AC unit
    (951) 698-2323
    Request Owner's contact information
    16476 Olive St Hesperia, CA 92345
    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.
    16476 Olive St
    Hesperia, CA 92345
    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
    16476 Olive St Hesperia, CA 92345
    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

    We can help!
    Listing Contact
    Jerry Casillas
    Real Estate License ID: 01357901
    (951) 698-2323 (951) 906-4550 (909) 373-0880
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!