Triplex With Two
New
For Sale
$1,300,000
1091 Stevenson St, Colton, CA 92324
Five separate residences combine long-term rental, short-stay, and owner-use flexibility.
Property Size4,672 SF
Days on Market3
Property Features for 1091 Stevenson St
General Information
Standard status
Active
Size
4,672 SF
Property subtype
Investment
Additional Details
Multifamily Units
5
Building Details
Building Size
4,672 SF
Year Built
1942
Stories
1
Units
5
Listing Agency:
Keller Williams Realty Redlands
(909) 792-4147
Listed By:
Margery Velasquez · License #01960336
(909) 792-4147
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 10 at 5:25AM
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 Keller Williams Realty Redlands
Investment Insights
Based on property information with market context.
This multifamily property combines a detached triplex with two additional accessory dwelling units, creating five separate residences on nearly an acre. The residences are arranged as independent living spaces, while a workshop and additional storage units provide further utility and possible conversion potential. Existing use options identified for the units include long-term tenancy, short-term stays, and owner occupancy.
The site also includes rear RV parking accessed through a large gate. Mature avocado, pear, and lemon trees add established landscaping across the property. Built in 1942, the asset is located at 1091 Stevenson St in Colton, California, with a Walk Score of 71, a Bike Score of 56, and a Transit Score of 35.
The site also includes rear RV parking accessed through a large gate. Mature avocado, pear, and lemon trees add established landscaping across the property. Built in 1942, the asset is located at 1091 Stevenson St in Colton, California, with a Walk Score of 71, a Bike Score of 56, and a Transit Score of 35.
Key Highlights
- Triplex plus 2 ADUs provides 5 separate residential units
- Nearly an acre with mature avocado, pear, and lemon trees
- Workshop with additional storage units and conversion potential
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
$47,644
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
3.66%
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%
$952,880
$952.9K
Cap Rate 7%
$680,629
$680.6K
Cap Rate 9%
$529,378
$529.4K
Market Conditions
NOI Build-Up for 4,672 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
$72.3K $15.48/SF
− Vacancy
−$4.3K −$0.91/SF
EGI
$68.1K $14.57/SF
− OpEx
−$20.4K −$4.37/SF
NOI
$47.6K $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%
$952,880
Cap Rate 7%
$680,629
Cap Rate 9%
$529,378
Alternative Uses
Best Use
Multifamily LT 5
$680.6K
$595.6K – $794.1K
NOI $47,644 @ 7.0% cap · market cap 3.66%
Second Best
Apartment 5plus
$590.9K
$517.0K – $689.3K
NOI $41,360 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$985.5K
$862.3K – $1.15M
NOI $68,984 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
Explore this area
Business Placement
Demographics for 92324, CA
58,626
Population
19,150
Households
3.1
Avg Household Size
33
Median Age
16%
College-Educated
75%
High-School Grad
27.8 sq mi
ZIP Area
2,109
Density / Sq Mi
$69,419
Median Household Income
$36,956
Median Earnings
$1,600
Median Rent
$413,100
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?
Triplex - Five separate residences combine long-term rental, short-stay, and owner-use flexibility.
Where is this triplex located?
The property is located at 1091 Stevenson St Colton, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Triplex plus 2 ADUs provides 5 separate residential units; Nearly an acre with mature avocado, pear, and lemon trees; Workshop with additional storage units and conversion potential
