9-Unit Multifamily
For Sale
$549,000
12660 Ivanhoe Road, Lucerne Valley, CA 92356
Eight studio residences with full kitchens and bathrooms accompany a four-bedroom main home.
Property Size2,112 SF
Lot Size5.00 Acres
Price / SF$259.94
Days on Market72
Property Features for 12660 Ivanhoe Road
General Information
Standard status
Active
Size
2,112 SF
Lot size
5.00 Acres
Property subtype
Manufactured On Land
Site & Location
Road Access
Yes
Fenced Yard
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 4BR/4BA, 8 x studio
Multifamily Units
9
Additional Details
Land Use
agricultural, residential
Amenities
sauna
garage
gym
meditation area
koi fish pond
solar panels
private well
fully fenced
Building Details
Building Size
2,112 SF
Year Built
1978
Buildings
5
Construction
manufactured home
Listing Agency:
Oasis Realty Group
(760) 927-2198
Listed By:
Donald Staff · License #02224198
(760) 953-3328
Source:
Give2giverealty
Added: Aug 18
Changed: Oct 27
Last Checked: Oct 26 at 2:33PM
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 Oasis Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Set on 5 acres, this multifamily property comprises a four-bedroom, four-bathroom manufactured home and eight studio units across four outbuildings. Each studio has a full kitchen and bathroom. The main residence also includes a garage, gym space, meditation area, and sauna.
The grounds contain 100 jujube trees and a koi pond. A private well serves the property, with its submersible pump recently replaced, and solar panels are installed. The entire parcel is fenced.
The grounds contain 100 jujube trees and a koi pond. A private well serves the property, with its submersible pump recently replaced, and solar panels are installed. The entire parcel is fenced.
Key Highlights
- Nine total residential units: a four‑bedroom main home and eight studio units
- Eight studios, each with a full kitchen and bathroom, are housed in four outbuildings
- 5‑acre parcel with 100 jujube trees
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,697
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,940
$373.9K
Cap Rate 7%
$267,100
$267.1K
Cap Rate 9%
$207,744
$207.7K
Market Conditions
NOI Build-Up for 2,112 SF
Gross rent
$36.2K $17.16/SF
− Vacancy
−$2.2K −$1.06/SF
EGI
$34.0K $16.10/SF
− OpEx
−$15.3K −$7.24/SF
NOI
$18.7K $8.85/SF
Area
San Bernardino County, CA
Vacancy
6.20%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,940
Cap Rate 7%
$267,100
Cap Rate 9%
$207,744
Alternative Uses
Best Use
Apartment 5plus
$267.1K
$233.7K – $311.6K
NOI $18,697 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$445.5K
$389.8K – $519.8K
NOI $31,185 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
9
Residential units
Yes
Fenced yard
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 92356, CA
6,050
Population
3,053
Households
2
Avg Household Size
45
Median Age
15%
College-Educated
77%
High-School Grad
365.6 sq mi
ZIP Area
17
Density / Sq Mi
$46,625
Median Household Income
$33,144
Median Earnings
$1,138
Median Rent
$239,100
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
Frequently Asked Questions
What type of property is this?
Multifamily property - Eight studio residences with full kitchens and bathrooms accompany a four-bedroom main home.
Where is this multifamily property located?
The property is located at 12660 Ivanhoe Road Lucerne Valley, CA.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Nine total residential units: a four‑bedroom main home and eight studio units; Eight studios, each with a full kitchen and bathroom, are housed in four outbuildings; 5‑acre parcel with 100 jujube trees
