Upgraded Paired
For Sale
$1,049,000
112 Homestead Rancho, Mission Viejo, CA 92694
Rancho Mission Viejo, CA
Property Size1,889 SF
Lot Size0.58 Acres
Price / SF$555.32
Days on Market90
Property Features for 112 Homestead Rancho
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Living Room, Bathroom 2, Bedroom 3, Bathroom 3, Bathroom 1, Laundry Room, Bedroom 2, Bedroom 1
Parking
2
Spa
1
Patio and Porch features
Porch, Patio
Fireplace
1
Subdivision
Harvest (HARV)
Lot features
Patio Home, Level with Street
High school
Tesoro
Elementary school district
Capistrano Unified
Middle school district
Capistrano Unified
High school district
Capistrano Unified
Directions
Cow Camp - L on Legado R on Saddle R on Amanda Ln take first R then immediate left then right on Whirlwind L on Frontier Homestead is on the L.
Standard status
Active
APN
93120825
Size
1,889 SF
Lot size
0.58 Acres
Taxes and HOA fees
HOA Fee
$304 Monthly
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Amenities
pools
fitness centers
clubhouses
pickleball and tennis courts
scenic trails
parks
playgrounds
community farms
coffee shops
year-round events
Building Details
Year built
2022
Floors in Building
2
Number of units
1
Flooring type
Vinyl, Carpet
Listing Agency:
Douglas Elliman of California
(949) 270-0440
Listed By:
Roy Fenn · License #02087529
(714) 206-0800
Added: May 25
Changed: Aug 22
Last Checked: Aug 22 at 1:06PM
MLS# OC26114684
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 1,889-square-foot paired duplex residence, built in 2022, offers three bedrooms, 2.5 bathrooms, and an upstairs loft. The interior includes an open kitchen, dining, and living arrangement, along with vinyl and carpet flooring, central air, a fireplace, and a laundry room. A custom primary closet adds organized storage, while the residence also provides a front patio and an oversized side yard for outdoor use. The home is served by public water and public sewer.
Located in Rancho Mission Viejo, the property provides access to community pools, fitness centers, clubhouses, pickleball and tennis courts, trails, parks, playgrounds, community farms, coffee shops, and year-round events. Ranch Camp, Esencia Green, schools, dining, shopping, and South Orange County beaches are also identified in the property information. The paired-home design is described as having one HOA.
Located in Rancho Mission Viejo, the property provides access to community pools, fitness centers, clubhouses, pickleball and tennis courts, trails, parks, playgrounds, community farms, coffee shops, and year-round events. Ranch Camp, Esencia Green, schools, dining, shopping, and South Orange County beaches are also identified in the property information. The paired-home design is described as having one HOA.
Key Highlights
- 1,889 square feet with 3 bedrooms, 2.5 bathrooms, and an upstairs loft
- Built in 2022 with central air, fireplace, vinyl flooring, and carpet
- Front patio plus an oversized side yard for additional outdoor space
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
$39,845
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
3.80%
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%
$796,900
$796.9K
Cap Rate 7%
$569,214
$569.2K
Cap Rate 9%
$442,722
$442.7K
Market Conditions
NOI Build-Up for 1,889 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
$58.9K $31.20/SF
− Vacancy
−$2.0K −$1.07/SF
EGI
$56.9K $30.13/SF
− OpEx
−$17.1K −$9.04/SF
NOI
$39.8K $21.09/SF
Area
Orange County, CA
Vacancy
3.42%
Lease Rate
$31.20 /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%
$796,900
Cap Rate 7%
$569,214
Cap Rate 9%
$442,722
Alternative Uses
Best Use
Multifamily LT 5
$569.2K
$498.1K – $664.1K
NOI $39,845 @ 7.0% cap · market cap 3.80%
Second Best
Apartment 5plus
$515.1K
$450.7K – $600.9K
NOI $36,056 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$634.5K
$555.2K – $740.2K
NOI $44,413 @ 7.0% cap · market cap 4.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
Explore this area
Business Placement
Demographics for 92694, CA
36,637
Population
12,424
Households
2.9
Avg Household Size
36
Median Age
65%
College-Educated
98%
High-School Grad
40.2 sq mi
ZIP Area
911
Density / Sq Mi
$183,168
Median Household Income
$91,641
Median Earnings
$3,318
Median Rent
$1,042,600
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 - Open-concept residence with a loft, private outdoor areas, and access to extensive community amenities.
Where is this duplex located?
The property is located at 112 Homestead Rancho Mission Viejo, CA.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: 1,889 square feet with 3 bedrooms, 2.5 bathrooms, and an upstairs loft; Built in 2022 with central air, fireplace, vinyl flooring, and carpet; Front patio plus an oversized side yard for additional outdoor space
