Duplex with Private
For Sale
$463,500
17797 Grand A & B, Lake Elsinore, CA 92530
Lake Elsinore, CA
Property Size800 SF
Lot Size0.09 Acres
Price / SF$579.38
Days on Market148
Property Features for 17797 Grand A & B
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Kitchen, Bedroom 2, Bathroom 1, Laundry Room, Bedroom 1, Bathroom 2
Parking
4
Parking features
Driveway
Window features
Double Pane Windows
Appliances
Refrigerator, Gas Range
Lot features
2-5 Units/ Acre
High school
Lake Elsinore
Elementary school district
Lake Elsinore Unified
Middle school district
Lake Elsinore Unified
High school district
Lake Elsinore Unified
Directions
15 frwy W Bundy Cayon R on Mission Trail L on Corydon R on Grand home on the left
Subdivision
SRCAR - Southwest Riverside County
Standard status
Active
APN
381231004
Size
800 SF
Lot size
0.09 Acres
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
vinyl fencing
private yard
parking
Building Details
Year built
1947
Floors in Building
1
Number of units
2
Building materials
Stucco
Roof type
Composition
Architectural style
Other
Listing Agency:
Century 21 Masters · Berkshire Hathaway HomeServices
(888) 862-1194
Listed By:
Wendy McGowan · License #01446983
(909) 996-9626
Added: Apr 5
Changed: Aug 25
Last Checked: Aug 30 at 9:06AM
MLS# SW26091575
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.
Investment Insights
Based on property information with market context.
This duplex contains two one-bedroom, one-bath units, each with its own yard. The residences total 800 square feet and include kitchens, laundry space, refrigerators, and gas ranges. Vinyl fencing has been installed, while stucco construction, composition roofing, wall furnaces, and window or wall/window cooling units are part of the existing improvements. Public water and sewer serve the property, and driveway parking is available.
Built in 1947, the property occupies 0.09 acres at 17797 Grand A & B in Lake Elsinore. Lake Elsinore and Perret Park are within walking distance, with the park adjoining a portion of the lake shoreline. The surrounding area supports boating, fishing, water skiing, hiking, and other outdoor recreation.
The property is identified as commercially zoned, providing a basis for contacting the City of Lake Elsinore regarding potential business-related uses. It can also accommodate an owner-occupant arrangement with one unit occupied and the other rented, as described in the property information.
Built in 1947, the property occupies 0.09 acres at 17797 Grand A & B in Lake Elsinore. Lake Elsinore and Perret Park are within walking distance, with the park adjoining a portion of the lake shoreline. The surrounding area supports boating, fishing, water skiing, hiking, and other outdoor recreation.
The property is identified as commercially zoned, providing a basis for contacting the City of Lake Elsinore regarding potential business-related uses. It can also accommodate an owner-occupant arrangement with one unit occupied and the other rented, as described in the property information.
Key Highlights
- Two‑unit duplex with one bedroom and one bath in each residence
- 800 square feet on a 0.09‑acre lot
- Private yard provided for each unit
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
$14,056
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
3.03%
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%
$281,120
$281.1K
Cap Rate 7%
$200,800
$200.8K
Cap Rate 9%
$156,178
$156.2K
Market Conditions
NOI Build-Up for 800 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
$20.4K $25.56/SF
− Vacancy
−$368 −$0.46/SF
EGI
$20.1K $25.10/SF
− OpEx
−$6.0K −$7.53/SF
NOI
$14.1K $17.57/SF
Area
Riverside County, CA
Vacancy
1.80%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
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%
$281,120
Cap Rate 7%
$200,800
Cap Rate 9%
$156,178
Alternative Uses
Best Use
Multifamily LT 5
$200.8K
$175.7K – $234.3K
NOI $14,056 @ 7.0% cap · market cap 3.03%
Second Best
Apartment 5plus
$185.0K
$161.9K – $215.8K
NOI $12,949 @ 7.0% cap · market cap 2.79%
Theoretical Best
Office A
$239.7K
$209.7K – $279.6K
NOI $16,777 @ 7.0% cap · market cap 3.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 92530, CA
59,098
Population
18,502
Households
3.2
Avg Household Size
34
Median Age
17%
College-Educated
80%
High-School Grad
77.1 sq mi
ZIP Area
767
Density / Sq Mi
$84,799
Median Household Income
$41,138
Median Earnings
$1,705
Median Rent
$467,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two compact one-bedroom residences offer individual outdoor space, driveway parking, and a shared investment or owner-occupant setup.
Where is this duplex located?
The property is located at 17797 Grand A & B Lake Elsinore, CA.
What is the asking price?
The asking price for this property is $463,500.
What are key features of this property?
This property features: Two‑unit duplex with one bedroom and one bath in each residence; 800 square feet on a 0.09‑acre lot; Private yard provided for each unit
