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Duplex with Separate Meters
For Sale
$395,000
Pending

26331 Alpine, Twin Peaks, CA 92391

Twin Peaks, CA

Property Size1,890 SF
Lot Size0.22 Acres
Days on Market255

Property Features for 26331 Alpine

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 3, Laundry Room, Bedroom 4, Bedroom 2, Kitchen, Bathroom 1, Bedroom 1, Bathroom 2
Parking 4
Parking features Assigned
Subdivision Twin Peaks (TWIN)
Lot features Sloped Down, Back Yard
Elementary school district Rim of the World
Middle school district Rim of the World
High school district Rim of the World
Directions hwy 189 to alpine spur left on alpine
Special listing conditions Short Sale
Standard status Pending
APN 0334171400000
Size 1,890 SF
Lot size 0.22 Acres

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Floor Furnace
Water source Public

Amenities

laundry hook-ups
large yard

Building Details

Year built 1948
Floors in Building 2
Number of units 2
Roof type Composition
Listing Agency: RE/MAX LAKESIDE · RE/MAX International
Listed By: Sierra Werner · License #01951488
Added: Jan 1 Changed: Sep 12 Last Checked: Sep 13 at 6:06PM
MLS# IG26009153

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 1,890-square-foot duplex, built in 1948, contains two separate two-bedroom, one-bath units. Each unit has its own meter, and laundry hookups are included. The property also features a composition roof, natural gas service, floor-furnace heating, and public water and sewer. Recent updates have been completed in portions of the property.

The 0.2163-acre parcel provides level parking for 4-5 cars along with a large, usable yard. The property is located at 26331 Alpine in Twin Peaks, California, with access by a plowed and maintained road. Assigned parking is listed among the site features.

Key Highlights

  • Legal duplex with separate meters
  • Each unit includes 2bed/1bath configuration
  • 1,890 square feet on 0.2163 acres

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
$19,274
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
4.88%
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%
$385,480 $385.5K
Cap Rate 7%
$275,343 $275.3K
Cap Rate 9%
$214,156 $214.2K
Market Conditions
NOI Build-Up for 1,890 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
$29.3K $15.48/SF
− Vacancy
−$1.7K −$0.91/SF
EGI
$27.5K $14.57/SF
− OpEx
−$8.3K −$4.37/SF
NOI
$19.3K $10.20/SF
Area
San Bernardino County, CA
Vacancy
5.89%
Lease Rate
$15.48 /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%
$385,480
Cap Rate 7%
$275,343
Cap Rate 9%
$214,156

Alternative Uses

Best Use
Multifamily LT 5
$275.3K
$240.9K – $321.2K (±1% cap)
NOI $19,274 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$239.0K
$209.2K – $278.9K (±1% cap)
NOI $16,732 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$398.7K
$348.8K – $465.1K (±1% cap)
NOI $27,907 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Lease Details

2
Residential units
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

152
Businesses Nearby

Demographics for 92391, CA

2,239
Population
1,546
Households
1.4
Avg Household Size
41
Median Age
18%
College-Educated
94%
High-School Grad
2.0 sq mi
ZIP Area
1,120
Density / Sq Mi
$70,987
Median Household Income
$33,475
Median Earnings
$1,473
Median Rent
$313,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two-bedroom, one-bath units offer laundry hookups, assigned parking, and access to a usable yard.
Where is this duplex located?
The property is located at 26331 Alpine Twin Peaks, CA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Legal duplex with separate meters; Each unit includes 2bed/1bath configuration; 1,890 square feet on 0.2163 acres
More about this property
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