Detached Quadplex With
For Sale
$1,175,000
13051 Lancaster Ln, Moreno Valley, CA 92553
Four standalone residences offer private outdoor areas, laundry hookups, and individual attached garages.
Property Size4,000 SF
Days on Market58
Property Features for 13051 Lancaster Ln
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Investment
Property Condition
Severity
Repairs Needed
Evidence
cosmetic improvements
Units
Unit Mix
2-bedroom, 1-bath
Multifamily Units
4
Building Details
Building Size
4,000 SF
Year Built
1950
Stories
1
Units
4
Listing Agency:
CENTURY 21 Preferred
(951) 304-2122
Listed By:
Adavid Broden · License #01995232
(951) 304-2122
Source:
Elliman
Added: Jul 4
Changed: Aug 29
Last Checked: Aug 29 at 9:08PM
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 CENTURY 21 Preferred
Investment Insights
Based on property information with market context.
This quadplex comprises four separate 2-bedroom, 1-bath homes on one parcel, each with an attached single-car garage, laundry hookups, and private outdoor space. The residences are organized around a central drive with onsite parking. One home includes central heating and air conditioning, an upgraded kitchen, and a remodeled bathroom; the other three provide opportunities for cosmetic updates. Separate gas and electric meters serve each residence, while water is shared through one meter. The property was built in 1950 and has no HOA.
The Moreno Valley location provides access to the I-215 and SR-60 freeways, with Costco, Sam's Club, Walmart, Target, Moreno Valley Mall, restaurants, schools, parks, and major employment centers nearby. Walk Score is 70, Bike Score is 43, and Transit Score is 39.
The Moreno Valley location provides access to the I-215 and SR-60 freeways, with Costco, Sam's Club, Walmart, Target, Moreno Valley Mall, restaurants, schools, parks, and major employment centers nearby. Walk Score is 70, Bike Score is 43, and Transit Score is 39.
Key Highlights
- Four detached 2‑bedroom, 1‑bath residences on one parcel
- Each home includes an attached single‑car garage, laundry hookups, and private outdoor space
- One residence features central heating and air conditioning, an upgraded kitchen, and a remodeled bathroom
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
$67,385
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
5.73%
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%
$1,347,700
$1.3M
Cap Rate 7%
$962,643
$962.6K
Cap Rate 9%
$748,722
$748.7K
Market Conditions
NOI Build-Up for 4,000 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
$100.8K $25.20/SF
− Vacancy
−$4.5K −$1.13/SF
EGI
$96.3K $24.07/SF
− OpEx
−$28.9K −$7.22/SF
NOI
$67.4K $16.85/SF
Area
Moreno Valley, 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%
$1,347,700
Cap Rate 7%
$962,643
Cap Rate 9%
$748,722
Alternative Uses
Best Use
Multifamily LT 5
$962.6K
$842.3K – $1.12M
NOI $67,385 @ 7.0% cap · market cap 5.73%
Second Best
Apartment 5plus
$867.1K
$758.7K – $1.01M
NOI $60,699 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,960 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
582
Businesses Nearby
Explore this area
Business Placement
Demographics for 92553, CA
76,761
Population
20,175
Households
3.8
Avg Household Size
30
Median Age
13%
College-Educated
74%
High-School Grad
10.3 sq mi
ZIP Area
7,453
Density / Sq Mi
$71,344
Median Household Income
$36,525
Median Earnings
$1,892
Median Rent
$413,000
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?
Quadplex - Four standalone residences offer private outdoor areas, laundry hookups, and individual attached garages.
Where is this quadplex located?
The property is located at 13051 Lancaster Ln Moreno Valley, CA.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Four detached 2‑bedroom, 1‑bath residences on one parcel; Each home includes an attached single‑car garage, laundry hookups, and private outdoor space; One residence features central heating and air conditioning, an upgraded kitchen, and a remodeled bathroom
