Duplex with Lower-Level
New
For Sale
$329,900
124 California Street, Rio Vista, CA 94571
The property combines a single-level primary home with a lower-level apartment accessed through its own entrance.
Property Size1,722 SF
Price / SF$191.58
Days on Market1
Property Features for 124 California Street
General Information
Standard status
Active
Size
1,722 SF
Property subtype
Land
Property Condition
Severity
Repairs Needed
Evidence
needs repairs and cosmetic improvements
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Road Access
Yes
Building Details
Year Built
1932
Buildings
1
Listing Agency:
Melissa Kinsel, Nexthome In The Valley
Listed By:
The Jamison Team
(408) 465-4899
Source:
Tuscanaproperties
Added: Oct 1
Last Checked: Oct 1 at 2:03PM
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 Melissa Kinsel, Nexthome In The Valley
Investment Insights
Based on property information with market context.
At 124 California Street, the 1,722-square-foot property includes a three-bedroom, two-bath main residence and a lower-level apartment with two bedrooms and one bath. The primary home has single-level living and a one-car garage; the apartment has a private entrance and a two-car carport. Built in 1932, the property requires repairs and cosmetic work and is offered in as-is condition.
Key Highlights
- 1,722‑square‑foot property with a 3‑bedroom, 2‑bath main residence and 2‑bedroom, 1‑bath apartment
- Lower‑level apartment has its own private entrance
- One‑car garage and large two‑car carport
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
$29,009
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
8.79%
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%
$580,180
$580.2K
Cap Rate 7%
$414,414
$414.4K
Cap Rate 9%
$322,322
$322.3K
Market Conditions
NOI Build-Up for 1,722 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
$43.4K $25.20/SF
− Vacancy
−$2.0K −$1.13/SF
EGI
$41.4K $24.07/SF
− OpEx
−$12.4K −$7.22/SF
NOI
$29.0K $16.85/SF
Area
Solano County, CA
Vacancy
4.50%
Lease Rate
$25.20 /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%
$580,180
Cap Rate 7%
$414,414
Cap Rate 9%
$322,322
Alternative Uses
Best Use
Multifamily LT 5
$414.4K
$362.6K – $483.5K
NOI $29,009 @ 7.0% cap · market cap 8.79%
Second Best
Apartment 5plus
$373.3K
$326.6K – $435.5K
NOI $26,131 @ 7.0% cap · market cap 7.92%
Theoretical Best
Office A
$574.6K
$502.8K – $670.4K
NOI $40,224 @ 7.0% cap · market cap 12.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
402
Businesses Nearby
Explore this area
Business Placement
Demographics for 94571, CA
10,439
Population
5,525
Households
1.9
Avg Household Size
62
Median Age
33%
College-Educated
89%
High-School Grad
109.1 sq mi
ZIP Area
96
Density / Sq Mi
$85,212
Median Household Income
$47,586
Median Earnings
$1,444
Median Rent
$479,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - The property combines a single-level primary home with a lower-level apartment accessed through its own entrance.
Where is this duplex located?
The property is located at 124 California Street Rio Vista, CA.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: 1,722‑square‑foot property with a 3‑bedroom, 2‑bath main residence and 2‑bedroom, 1‑bath apartment; Lower‑level apartment has its own private entrance; One‑car garage and large two‑car carport
