Building Details

Year built 1925

Floors in Building 1

Number of units 2

Roof type Composition

Listing Agency: eXp Realty of California, Inc. L***@exprealty.com Show Phone

Listed By: Sandra Diaz · License #02215256 Show Phone

Added: Sep 14 Last Checked: Sep 15 at 8:06AM

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MLS# 260022538

Copyright © 2026 San Diego MLS. 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 duplex includes two Spanish-style residences within an 895-square-foot property built in 1925. Recent improvements include kitchen cabinetry, countertops, appliances, flooring, and fully updated bathrooms, with Saltillo tile at the entryways and designer paint throughout. The property has a composition roof and is configured with two bedrooms and two bathrooms.

The 0.1405-acre parcel is fully fenced and offers separate pedestrian and vehicle gate access. On-site parking is available, along with space that may accommodate an RV and areas for outdoor gatherings or BBQ use. The property is located at 1217-1219 Railroad Street in Jacumba, California 91934.

Key Highlights

• Two Spanish‑style units with extensive interior updates
• 895 square feet on a 0.1405‑acre parcel
• Updated kitchens, flooring, appliances, and bathrooms

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

$16,036

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

3.74%

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%

$320,720 $320.7K

Cap Rate 7%

$229,086 $229.1K

Cap Rate 9%

$178,178 $178.2K

Market Conditions

NOI Build-Up for 895 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

$24.2K $27.00/SF

− Vacancy

−$1.3K −$1.40/SF

EGI

$22.9K $25.60/SF

− OpEx

−$6.9K −$7.68/SF

NOI

$16.0K $17.92/SF

Area

San Diego County, CA

Vacancy

5.20%

Lease Rate

$27.00 /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%

$320,720

Cap Rate 7%

$229,086

Cap Rate 9%

$178,178

Alternative Uses

Best Use

Multifamily LT 5

$229.1K

$200.5K – $267.3K (±1% cap)

NOI $16,036 @ 7.0% cap · market cap 3.74%

Second Best

Apartment 5plus

$212.4K

$185.9K – $247.9K (±1% cap)

NOI $14,871 @ 7.0% cap · market cap 3.47%

Theoretical Best

Office A

$410.1K

$358.8K – $478.4K (±1% cap)

NOI $28,704 @ 7.0% cap · market cap 6.69%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Lease Details

2

Residential units

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

57

Businesses Nearby

Explore this area Business Placement

Demographics for 91934, CA

693

Population

436

Households

1.6

Avg Household Size

50

Median Age

17%

College-Educated

100%

High-School Grad

51.5 sq mi

ZIP Area

13

Density / Sq Mi

$50,797

Median Household Income

$29,104

Median Earnings

$2,202

Median Rent

$353,000

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two updated residences share a gated, fenced parcel with on-site parking and room for possible RV use.

Where is this duplex located?

The property is located at 1217-1219 Railroad Street Jacumba, CA.

What is the asking price?

The asking price for this property is $429,000.

What are key features of this property?

This property features: Two Spanish‑style units with extensive interior updates; 895 square feet on a 0.1405‑acre parcel; Updated kitchens, flooring, appliances, and bathrooms