Remodeled Duplex with Private
For Sale
$599,000
10376 El Grande Ct, Rancho Cordova, CA 95670
Updated two-unit property with refreshed interiors, separate outdoor areas, and convenient Highway 50 access.
Property Size1,636 SF
Price / SF$366.14
Days on Market51
Property Features for 10376 El Grande Ct
General Information
Standard status
Active
Size
1,636 SF
Property subtype
Multi-Family
Building Details
Year Built
1962
Listing Agency:
HomeSmart ICARE Realty
(916) 289-1244
Listed By:
Jason B. Johnson · License #01831598
Source:
Homesofgreatersacramento
Added: Jul 11
Changed: Aug 29
Last Checked: Aug 29 at 8:42PM
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 HomeSmart ICARE Realty
Investment Insights
Based on property information with market context.
This duplex presents two remodeled residences, each with two bedrooms, one full bathroom, and approximately 818 sq. ft. of open-concept living space. Improvements include wood-style flooring, new paint, recessed lighting, updated fixtures, refreshed kitchens with white shaker cabinetry, new countertops, and new appliances. Major systems work includes a new roof and HVAC system.
The exterior includes a substantial concrete driveway, new concrete walkways, and a contemporary finish. Each unit has its own side and rear yard, with new partial wood fencing providing separation between outdoor areas. The property offers quick access to Highway 50 and is positioned near shopping, dining, and entertainment. The expansive lot may support future ADU development, subject to verification with the city.
The exterior includes a substantial concrete driveway, new concrete walkways, and a contemporary finish. Each unit has its own side and rear yard, with new partial wood fencing providing separation between outdoor areas. The property offers quick access to Highway 50 and is positioned near shopping, dining, and entertainment. The expansive lot may support future ADU development, subject to verification with the city.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 full bath per side
- Each unit offers approximately 818 sq. ft. of open‑concept living space
- Comprehensive interior updates include kitchens, flooring, lighting, paint, and fixtures
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
$23,781
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
3.97%
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%
$475,620
$475.6K
Cap Rate 7%
$339,729
$339.7K
Cap Rate 9%
$264,233
$264.2K
Market Conditions
NOI Build-Up for 1,636 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
$36.3K $22.20/SF
− Vacancy
−$2.3K −$1.43/SF
EGI
$34.0K $20.77/SF
− OpEx
−$10.2K −$6.23/SF
NOI
$23.8K $14.54/SF
Area
Sacramento County, CA
Vacancy
6.46%
Lease Rate
$22.20 /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%
$475,620
Cap Rate 7%
$339,729
Cap Rate 9%
$264,233
Alternative Uses
Best Use
Multifamily LT 5
$339.7K
$297.3K – $396.4K
NOI $23,781 @ 7.0% cap · market cap 3.97%
Second Best
Apartment 5plus
$312.0K
$273.0K – $364.0K
NOI $21,837 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$435.8K
$381.4K – $508.5K
NOI $30,509 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
722
Businesses Nearby
Explore this area
Business Placement
Demographics for 95670, CA
57,988
Population
22,779
Households
2.5
Avg Household Size
38
Median Age
32%
College-Educated
89%
High-School Grad
12.9 sq mi
ZIP Area
4,495
Density / Sq Mi
$90,414
Median Household Income
$47,271
Median Earnings
$1,693
Median Rent
$463,100
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 - Updated two-unit property with refreshed interiors, separate outdoor areas, and convenient Highway 50 access.
Where is this duplex located?
The property is located at 10376 El Grande Ct Rancho Cordova, CA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 full bath per side; Each unit offers approximately 818 sq. ft. of open‑concept living space; Comprehensive interior updates include kitchens, flooring, lighting, paint, and fixtures
