Hesperia Triplex with
For Sale
$589,900
Pending
16010 Olive, Hesperia, CA 92345
Triplex in Hesperia with individual garages and backyards.
Property Size2,262 SF
Days on Market129
Property Features for 16010 Olive
General Information
Standard status
Pending
Size
2,262 SF
Property subtype
Investment
Building Details
Building Size
2,262 SF
Year Built
1979
Stories
1
Units
3
Listing Agency:
Stratton LFCA - INC.
(562) 688-1767
Listed By:
Frank Zuniga · License #01034057
(562) 688-1767
Source:
Elliman
Added: Apr 15
Changed: Aug 8
Last Checked: Jul 23 at 6:58AM
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 Stratton LFCA - INC.
Investment Insights
Based on property information with market context.
This triplex property presents an opportunity for portfolio expansion. The property features three units, each with two bedrooms and one bathroom. Each unit includes individual backyards and a single-car garage. A large courtyard provides a common area for tenants. Additional parking accommodations are available. An owner's storage unit and individual laundry room are present, offering the potential to generate additional income.
Key Highlights
- Triplex property - ideal for investment portfolio.
- Three units, each with 2 bedrooms and 1 bathroom.
- Each unit includes a private backyard and single‑car garage.
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
$32,320
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
5.48%
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%
$646,400
$646.4K
Cap Rate 7%
$461,714
$461.7K
Cap Rate 9%
$359,111
$359.1K
Market Conditions
NOI Build-Up for 2,262 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
$48.9K $21.60/SF
− Vacancy
−$2.7K −$1.19/SF
EGI
$46.2K $20.41/SF
− OpEx
−$13.9K −$6.12/SF
NOI
$32.3K $14.29/SF
Area
Hesperia, CA
Vacancy
5.50%
Lease Rate
$21.60 /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%
$646,400
Cap Rate 7%
$461,714
Cap Rate 9%
$359,111
Alternative Uses
Best Use
Multifamily LT 5
$461.7K
$404.0K – $538.7K
NOI $32,320 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$424.6K
$371.5K – $495.4K
NOI $29,721 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$641.5K
$561.3K – $748.5K
NOI $44,907 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
836
Businesses Nearby
Explore this area
Business Placement
Demographics for 92345, CA
86,499
Population
27,247
Households
3.2
Avg Household Size
34
Median Age
11%
College-Educated
77%
High-School Grad
98.9 sq mi
ZIP Area
875
Density / Sq Mi
$65,949
Median Household Income
$37,235
Median Earnings
$1,499
Median Rent
$359,700
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 - Triplex in Hesperia with individual garages and backyards.
Where is this triplex located?
The property is located at 16010 Olive Hesperia, CA.
What is the asking price?
The asking price for this property is $589,900.
What are key features of this property?
This property features: Triplex property - ideal for investment portfolio.; Three units, each with 2 bedrooms and 1 bathroom.; Each unit includes a private backyard and single‑car garage.
