Two-Residence
For Sale
$710,000
Pending
11285 Cherry, Cherry Valley, CA 92223
Two renovated dwellings offer distinct living spaces, updated building systems, and room to enjoy the surrounding parcel.
Property Size2,200 SF
Lot Size1.16 Acres
Days on Market22
Property Features for 11285 Cherry
General Information
Standard status
Pending
Size
2,200 SF
Lot size
1.16 Acres
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1952
Buildings
2
Listing Agency:
Realty Masters & Associates
(909) 993-5710
Listed By:
Auri Vega · License #01816084
(714) 681-8763
Source:
K9hausrealty
Added: Oct 9
Changed: Oct 28
Last Checked: Oct 28 at 3:56PM
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 Realty Masters & Associates
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Investment Insights
Based on property information with market context.
Set on approximately 1.16 acres, this 2,200-square-foot duplex comprises a front residence and a separate rear casita. The main home has three bedrooms, one bathroom, and a dedicated laundry room; the rear dwelling includes one bedroom and one bathroom. Both have received updates to flooring, windows, paint, lighting, plumbing, electrical systems, bathrooms, fixtures, and finishes. The main residence has a new HVAC system, while the casita is served by a mini-split system.
Built in 1952, the property combines two independent living spaces with a substantial parcel in Cherry Valley. The lot provides outdoor area and on-site parking. The separate floor plans support multiple household arrangements, while the two residences retain distinct heating and cooling systems.
Built in 1952, the property combines two independent living spaces with a substantial parcel in Cherry Valley. The lot provides outdoor area and on-site parking. The separate floor plans support multiple household arrangements, while the two residences retain distinct heating and cooling systems.
Key Highlights
- Approximately 1.16‑acre parcel
- 2,200 SF duplex with two separate residences
- Front home: 3 bedrooms, 1 bathroom, and dedicated laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,654
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$773,080
$773.1K
Cap Rate 7%
$552,200
$552.2K
Cap Rate 9%
$429,489
$429.5K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$56.2K $25.56/SF
− Vacancy
−$1.0K −$0.46/SF
EGI
$55.2K $25.10/SF
− OpEx
−$16.6K −$7.53/SF
NOI
$38.7K $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%
$773,080
Cap Rate 7%
$552,200
Cap Rate 9%
$429,489
Alternative Uses
Best Use
Multifamily LT 5
$552.2K
$483.2K – $644.2K
NOI $38,654 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$508.7K
$445.1K – $593.5K
NOI $35,610 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$659.1K
$576.7K – $768.9K
NOI $46,136 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
108
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two renovated dwellings offer distinct living spaces, updated building systems, and room to enjoy the surrounding parcel.
Where is this duplex located?
The property is located at 11285 Cherry Cherry Valley, CA.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: Approximately 1.16‑acre parcel; 2,200 SF duplex with two separate residences; Front home: 3 bedrooms, 1 bathroom, and dedicated laundry room
