Two-Unit Duplex with Large
For Sale
Contact for pricing
Pending
12425-27 Julian Ave, San Diego, CA 92040
Duplex with two 2-bedroom, 1-bath units, on-site laundry, and an oversized lot with mature citrus trees.
Property Size3,172 SF
Days on Market60
Property Features for 12425-27 Julian Ave
General Information
Standard status
Pending
Size
3,172 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
2
Building Details
Year Built
1999
Buildings
2
Units
2
Tenancy
Multi
Listing Agency:
eXp Realty of California, Inc.
Listed By:
Pamela McCarthy · License #02439007
Source:
Crexi
Added: Jul 2
Changed: Aug 8
Last Checked: Jul 25 at 10:04AM
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 eXp Realty of California, Inc.
Investment Insights
Based on property information with market context.
Located at 12425-27 Julian Ave, this duplex offers 1,632 sq ft configured as two units, each with two bedrooms and one bathroom. The property includes on-site laundry and sits on a large lot that provides room to grow. Outside, mature pomegranate and citrus trees help frame the yard, adding established landscaping and seasonal character.
The home is positioned for everyday convenience, with Lemon Crest Elementary approximately 0.2 miles away and access through a quiet Lakeside street setting.
With two separate units on one parcel and a generous outdoor footprint, the layout supports both owner-occupant living and income generation through the existing dual-unit configuration.
The home is positioned for everyday convenience, with Lemon Crest Elementary approximately 0.2 miles away and access through a quiet Lakeside street setting.
With two separate units on one parcel and a generous outdoor footprint, the layout supports both owner-occupant living and income generation through the existing dual-unit configuration.
Key Highlights
- 1,632 SF duplex built in 1999 with two 2‑bedroom, 1‑bath units
- Large shared lot with mature pomegranate and citrus trees
- On‑site laundry for both units
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
$56,821
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
8.42%
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%
$1,136,420
$1.1M
Cap Rate 7%
$811,729
$811.7K
Cap Rate 9%
$631,344
$631.3K
Market Conditions
NOI Build-Up for 3,172 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
$85.6K $27.00/SF
− Vacancy
−$4.5K −$1.41/SF
EGI
$81.2K $25.59/SF
− OpEx
−$24.4K −$7.68/SF
NOI
$56.8K $17.91/SF
Area
San Diego, CA
Vacancy
5.22%
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%
$1,136,420
Cap Rate 7%
$811,729
Cap Rate 9%
$631,344
Alternative Uses
Best Use
Multifamily LT 5
$811.7K
$710.3K – $947.0K
NOI $56,821 @ 7.0% cap · market cap 8.42%
Second Best
Apartment 5plus
$749.0K
$655.3K – $873.8K
NOI $52,427 @ 7.0% cap · market cap 7.77%
Theoretical Best
Specialty Retail
$1.25M
$1.10M – $1.46M
NOI $87,699 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,963
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with two 2-bedroom, 1-bath units, on-site laundry, and an oversized lot with mature citrus trees.
Where is this duplex located?
The property is located at 12425-27 Julian Ave San Diego, CA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 1,632 SF duplex built in 1999 with two 2‑bedroom, 1‑bath units; Large shared lot with mature pomegranate and citrus trees; On‑site laundry for both units
