Triplex with Private
For Sale
$629,000
12814 Kiowa, Apple Valley, CA 92308
Three residential units offer consistent two-bedroom layouts, individual utility meters, and dedicated laundry connections.
Property Size2,400 SF
Lot Size0.42 Acres
Days on Market9
Property Features for 12814 Kiowa
General Information
Standard status
Active
Size
2,400 SF
Total Parking Spaces
3
Lot size
0.42 Acres
Property subtype
Investment
Lease Term
Month-to-month
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Amenities
fenced
central air and heat
laundry hookups
Building Details
Building Size
2,400 SF
Year Built
1979
Buildings
1
Stories
1
Units
3
Listing Agency:
(760) 949-3396
Listed By:
Lupe Alvarado
Source:
Elliman
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 29 at 10:06AM
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 Lupe Alvarado
Investment Insights
Based on property information with market context.
This Apple Valley triplex contains three residential units, each configured with two bedrooms and one bathroom. The property sits on an 18,080-square-foot lot with fencing, a front wrought-iron gate, and additional parking area. Each unit has its own single-car garage, laundry hookups, central air and heat, gas and electric meters, and water heater. Tile flooring and newer windows are installed throughout the units, and the roof has been updated.
Located at 12814 Kiowa in Apple Valley, the property is near shopping and schools. The recorded walk score is 48, with a bike score of 38 and a transit score of 28. Built in 1979, the property combines separate residential utility metering with unit-level parking and garage access.
Located at 12814 Kiowa in Apple Valley, the property is near shopping and schools. The recorded walk score is 48, with a bike score of 38 and a transit score of 28. Built in 1979, the property combines separate residential utility metering with unit-level parking and garage access.
Key Highlights
- Three units, each with 2 bedrooms and 1 bathroom
- 18,080‑square‑foot lot with fencing and additional parking area
- Each unit includes a single‑car garage and laundry hookups
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
$24,475
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
3.89%
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%
$489,500
$489.5K
Cap Rate 7%
$349,643
$349.6K
Cap Rate 9%
$271,944
$271.9K
Market Conditions
NOI Build-Up for 2,400 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
$37.2K $15.48/SF
− Vacancy
−$2.2K −$0.91/SF
EGI
$35.0K $14.57/SF
− OpEx
−$10.5K −$4.37/SF
NOI
$24.5K $10.20/SF
Area
San Bernardino County, CA
Vacancy
5.89%
Lease Rate
$15.48 /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%
$489,500
Cap Rate 7%
$349,643
Cap Rate 9%
$271,944
Alternative Uses
Best Use
Multifamily LT 5
$349.6K
$305.9K – $407.9K
NOI $24,475 @ 7.0% cap · market cap 3.89%
Second Best
Apartment 5plus
$303.5K
$265.6K – $354.1K
NOI $21,247 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$506.2K
$443.0K – $590.6K
NOI $35,437 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
Explore this area
Business Placement
Demographics for 92308, CA
42,469
Population
14,995
Households
2.8
Avg Household Size
41
Median Age
17%
College-Educated
87%
High-School Grad
103.2 sq mi
ZIP Area
412
Density / Sq Mi
$63,484
Median Household Income
$41,882
Median Earnings
$1,390
Median Rent
$360,800
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?
Triplex - Three residential units offer consistent two-bedroom layouts, individual utility meters, and dedicated laundry connections.
Where is this triplex located?
The property is located at 12814 Kiowa Apple Valley, CA.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: Three units, each with 2 bedrooms and 1 bathroom; 18,080‑square‑foot lot with fencing and additional parking area; Each unit includes a single‑car garage and laundry hookups
