Duplex with Two Remodeled
For Sale
Contact for pricing
11305-7 Rocky Ln, Lakeside, CA 92040
Two fully remodeled residences on one five-acre parcel, each with separate access and septic, plus solar.
Property Size1,950 SF
Lot Size5.00 Acres
Price / SF$584.62
Days on Market66
Property Features for 11305-7 Rocky Ln
General Information
Standard status
Active
Size
1,950 SF
Lot size
5.00 Acres
Property subtype
Multifamily
Building Details
Year Built
1960
Listing Agency:
Keller Williams San Diego Metro
Listed By:
Christopher Spade · License #01785713
Source:
Crexi
Added: Jun 2
Changed: Jul 10
Last Checked: Aug 4 at 3:07PM
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 San Diego Metro
Investment Insights
Based on property information with market context.
This property consists of two separate homes on a single parcel, offered as a duplex-style residential income setup. Unit 1 is an efficient 2-bedroom, 2-bath home with an estimated ~650 square feet, designed for straightforward day-to-day living. Unit 2 provides the larger layout with 3 bedrooms and 2 bathrooms, featuring an estimated ~1,300 square feet of fully redone living space. The main home is set up with multiple bathrooms and a flexible configuration for household use. Both homes are described as fully remodeled, and the property includes solar.
The homes are situated on approximately five acres in Lakeside, California, giving each residence room to operate with a measure of separation. The listing also notes two separate septic tanks and two separate driveways, which helps reduce the need for shared or shared-traffic movement between the entries.
For tenants, buyers, or owner-operators looking for a self-contained two-home arrangement, the layout supports different living arrangements within the same parcel. The separate driveways and septic systems are practical features for maintaining privacy and operational separation between units, while the acreage provides outdoor space for day-to-day use. This is a ready-to-occupy duplex-style offering with extensive remodeling described for both homes and solar included on the property.
The homes are situated on approximately five acres in Lakeside, California, giving each residence room to operate with a measure of separation. The listing also notes two separate septic tanks and two separate driveways, which helps reduce the need for shared or shared-traffic movement between the entries.
For tenants, buyers, or owner-operators looking for a self-contained two-home arrangement, the layout supports different living arrangements within the same parcel. The separate driveways and septic systems are practical features for maintaining privacy and operational separation between units, while the acreage provides outdoor space for day-to-day use. This is a ready-to-occupy duplex-style offering with extensive remodeling described for both homes and solar included on the property.
Key Highlights
- Five‑acre parcel in Lakeside with two fully remodeled residences (Unit 1 and Unit 2).
- Unit 1: 2 bed/2 bath ~650 SF with separate access as guest quarters.
- Unit 2: 3 bed/2 bath ~1,300 SF with completely redone living space.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.7k | $27.00 |
| − Vacancy | −$2.7k | −$1.40 |
| EGI | $49.9k | $25.60 |
| − OpEx | −$15.0k | −$7.68 |
| NOI | $34.9k | $17.92 |
1,950 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$499.1K
$436.7K – $582.3K
NOI $34,939 @ 7.0% cap · market cap 3.06%
Second Best
Apartment 5plus
$462.9K
$405.0K – $540.0K
NOI $32,400 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$893.4K
$781.8K – $1.04M
NOI $62,540 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
85
Businesses Nearby
Explore this area
Business Placement
Demographics for 92040, CA
43,640
Population
16,147
Households
2.7
Avg Household Size
39
Median Age
25%
College-Educated
93%
High-School Grad
67.2 sq mi
ZIP Area
649
Density / Sq Mi
$103,585
Median Household Income
$49,413
Median Earnings
$1,908
Median Rent
$648,800
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 - Two fully remodeled residences on one five-acre parcel, each with separate access and septic, plus solar.
Where is this duplex located?
The property is located at 11305-7 Rocky Ln Lakeside, CA.
What is the asking price?
The asking price for this property is $1,140,000.
What are key features of this property?
This property features: Five‑acre parcel in Lakeside with two fully remodeled residences (Unit 1 and Unit 2).; Unit 1: 2 bed/2 bath ~650 SF with separate access as guest quarters.; Unit 2: 3 bed/2 bath ~1,300 SF with completely redone living space.
