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    Cherry Valley Ranch-Style Living Title is generated by Realmo AI

    11285 Cherry Avenue, Cherry Valley, CA 92223

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    For Sale
    $698,000

    Single Family Residence, Ranch - Cherry Valley, CA

    Type:Single Family Residence
    Property size:
    2,215 SF
    Lot size:
    49,658.00 Acres
    Price / SF:
    $315/SF
    Added:
    Mar 10, 2026
    Days on Market:
    68
    Last Refresh:
    May 16 at 1:06 am

    Property Features for 11285 Cherry Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Parking
    1
    Exterior features
    Community Features Included: Rural, Mountainous, 2-5 Units/Acre
    Appliances
    Dishwasher, Range, Range - Gas, Washer
    Standard status
    Active
    APN
    404130004
    Size
    2,215 SF
    Lot size
    49,658.00 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1952
    Floors in Building
    1
    Number of units
    2
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Auri Vega

    Listing agent Auri Vega

    Listing office Realty Masters & Associates 15316 Central Ave., Rancho Cucamonga, CA

    Listing date Mar 10, 2026

    MLS# PW26045695 Listing URL

    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.

    HighLights

    • Two separate living units (1,639 sq ft main house & 576 sq ft second unit) ideal for extended families, multi‑generational living, or rental income.
    • Large 1.14‑acre usable lot suitable for gardening, animals, outdoor entertaining, and potential future improvements.
    • Potential for additional ADU or parcel split (subject to city verification), offering long‑term value and development opportunities.
    • Ranch‑style living with fruit trees and open space, providing a peaceful country setting.
    • Convenient location near Beaumont High School, elementary school, and a hospital.
    • Easy access to the 60 and 10 freeways for convenient commuting, and close proximity to Oak Glen for outdoor recreation.

    Overview

    Located in Cherry Valley, this ranch-style property features two separate living units on over 1.14 acres of usable land. The main house offers approximately 1,639 square feet of living space with a functional layout and an attached laundry area. A garage may offer the potential for a future Jr. ADU conversion, subject to buyer verification and city approval. The second unit provides approximately 576 square feet of space, suitable for rental income, guest quarters, or private living space. The expansive lot includes fruit trees and open space for gardening, animals, outdoor entertaining, or future improvements. According to the city, the property may allow up to three structures on the lot, creating the potential to add another ADU, subject to buyer verification. There may also be the possibility of a parcel split. The property is conveniently located near Beaumont High School, a local elementary school, and a nearby hospital, with quick access to both the 60 and 10 freeways. Also, Oak Glen is a short drive away.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $432.4K
    NOI $38,917 @ 9.00% cap · cautious / downside scenario
    Moderate
    $556.0K
    NOI $38,917 @ 7.00% cap · market / base-case scenario
    Aggressive
    $778.3K
    NOI $38,917 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $56.6k $25.56
    − Vacancy −$1.0k −$0.46
    EGI $55.6k $25.10
    − OpEx −$16.7k −$7.53
    NOI $38.9k $17.57
    2,215 SF · lease $25.56/SF/yr · vacancy 1.80% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $556.0K
    $486.5K – $648.6K (±1% cap)
    NOI $38,917 @ 7.0% cap · market cap 5.58%
    Second Best
    Apartment 5plus
    $512.2K
    $448.2K – $597.6K (±1% cap)
    NOI $35,853 @ 7.0% cap · market cap 5.14%
    Theoretical Best
    Office A
    $663.6K
    $580.6K – $774.2K (±1% cap)
    NOI $46,450 @ 7.0% cap · market cap 6.65%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cherry Valley
    County
    Riverside
    State
    California
    Longitude
    -116.9648508
    Latitude
    33.9572318

    Nearby Similar for Sale

    • $499,900
      868 SF

      Commercial Property in Cherry Valley

      Versatile commercial property with retail/office space and storage.
      10043 Beaumont Avenue, Cherry Valley, CA 92223
      View Details
    • $720,000
      1,639 SF

      Cherry Valley Ranch-Style Living

      Spacious ranch property with two units on 1.14 acres.
      11285 Cherry Avenue, Cherry Valley, CA 92223
      View Details

    FAQs

    What type of property is this?
    Duplex - Two homes on 1.14 acres near amenities and freeways.
    Where is this duplex located?
    The property is located at 11285 Cherry Avenue Cherry Valley, CA.
    What is the asking price?
    The asking price for this property is $698,000.
    What are key features of this property?
    This property features: Two separate living units (1,639 sq ft main house & 576 sq ft second unit) ideal for extended families, multi‑generational living, or rental income.; Large 1.14‑acre usable lot suitable for gardening, animals, outdoor entertaining, and potential future improvements.; Potential for additional ADU or parcel split (subject to city verification), offering long‑term value and development opportunities.
    (714) 368-1300
    We can help!
    Listing Contact
    Auri Vega
    Real Estate License ID: 01816084
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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