Building Details

Building Size 1,325 SF

Year Built 1958

Stories 1

Units 2

Listing Agency: WiseChoice Real Properties

Listed By: William Leong · License #00991206 Show Phone

Source: Elliman

Added: Oct 9 Changed: Oct 11 Last Checked: Oct 12 at 7:40PM

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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 WiseChoice Real Properties

Investment Insights

Based on property information with market context.

This duplex includes a front home of approximately 825 square feet with two bedrooms, one bathroom, an updated kitchen, and central A/C. A detached rear living area adds approximately 500 square feet, one bedroom, and one bathroom. Its 2023 remodel included a kitchen with quartz countertops and new cabinetry, split A/C units, a heat pump, water-resistant laminate flooring, and an upgraded electrical panel.

Both living areas are occupied by tenants. The property also has a separate workshop and an 8,712-square-foot lot.

Key Highlights

• Approximately 1,325 square feet of combined living area
• Front home: approximately 825 square feet, 2 bedrooms, and 1 bathroom
• Detached rear living area: approximately 500 square feet, 1 bedroom, and 1 bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,280

Cap Rate

5.01%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$465,600 $465.6K

Cap Rate 7%

$332,571 $332.6K

Cap Rate 9%

$258,667 $258.7K

Market Conditions

NOI Build-Up for 1,325 SF

Gross rent

$33.9K $25.56/SF

− Vacancy

−$610 −$0.46/SF

EGI

$33.3K $25.10/SF

− OpEx

−$10.0K −$7.53/SF

NOI

$23.3K $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 Rate 5%

$465,600

Cap Rate 7%

$332,571

Cap Rate 9%

$258,667

Alternative Uses

Best Use

Multifamily LT 5

$332.6K

$291.0K – $388.0K (±1% cap)

NOI $23,280 @ 7.0% cap · market cap 5.01%

Second Best

Apartment 5plus

$306.4K

$268.1K – $357.5K (±1% cap)

NOI $21,447 @ 7.0% cap · market cap 4.61%

Theoretical Best

Office A

$396.9K

$347.3K – $463.1K (±1% cap)

NOI $27,786 @ 7.0% cap · market cap 5.98%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Dental Office Restaurant Real Estate Agency Parking Lot & Garage Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

131

Businesses Nearby

Explore this area Business Placement

Demographics for 92223, CA

59,924

Population

20,579

Households

2.9

Avg Household Size

38

Median Age

27%

College-Educated

88%

High-School Grad

45.0 sq mi

ZIP Area

1,332

Density / Sq Mi

$100,462

Median Household Income

$50,162

Median Earnings

$1,496

Median Rent

$458,300

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two occupied living spaces combine rental income with a separate workshop and updated features.

Where is this duplex located?

The property is located at 10878 Crowther Ln Cherry Valley, CA.

What is the asking price?

The asking price for this property is $465,000.

What are key features of this property?

This property features: Approximately 1,325 square feet of combined living area; Front home: approximately 825 square feet, 2 bedrooms, and 1 bathroom; Detached rear living area: approximately 500 square feet, 1 bedroom, and 1 bathroom