New Duplex with Detached
For Sale
$599,888
16241 Chestnut Street, Hesperia, CA 92345
Separate living quarters and a private entrance support multigenerational living or additional rental use.
Property Size2,883 SF
Price / SF$208.08
Days on Market281
Property Features for 16241 Chestnut Street
General Information
Standard status
Active
Size
2,883 SF
Property subtype
Duplex
Units
Unit Mix
1 x 4BR/3BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
solar system
tankless water heater
inside laundry room
fully fenced yard
Central Air
3
Attached Parking.
2 Garage Spaces. 2 Parking Spaces. Carport.
Mountain
Suburban.
Building Details
Year Built
2025
Buildings
2
Stories
1
Listing Agency:
DRE #01949835
(951) 386-3306
Listed By:
Dustin Bynum · License #01949835
Source:
Xome
Added: Nov 22, 2025
Changed: Aug 29
Last Checked: Aug 29 at 11:54PM
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 DRE #01949835
Investment Insights
Based on property information with market context.
This 2025-built duplex property combines a 2,883-square-foot primary residence with a detached 530 sq ft ADU. The main home offers four bedrooms, three bathrooms, an open living arrangement, quartz countertops, contemporary cabinetry, energy-efficient systems, a tankless water heater, and an interior laundry room. The detached one-bedroom, one-bath unit has its own entrance, full kitchen, bathroom, and laundry area.
Property features include a fully paid solar system, connection to city sewer, a fully fenced yard, new landscaping underway, and an attached two-car garage with additional driveway parking. The property is located at 16241 Chestnut Street in Hesperia, California, and has no HOA or Mello-Roos/CFD assessments.
Property features include a fully paid solar system, connection to city sewer, a fully fenced yard, new landscaping underway, and an attached two-car garage with additional driveway parking. The property is located at 16241 Chestnut Street in Hesperia, California, and has no HOA or Mello-Roos/CFD assessments.
Key Highlights
- Primary residence plus detached 530 sq ft ADU
- Main home includes 4 bedrooms and 3 bathrooms
- ADU has 1 bedroom, 1 bathroom, full kitchen, and separate laundry
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
$41,193
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
6.87%
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%
$823,860
$823.9K
Cap Rate 7%
$588,471
$588.5K
Cap Rate 9%
$457,700
$457.7K
Market Conditions
NOI Build-Up for 2,883 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
$62.3K $21.60/SF
− Vacancy
−$3.4K −$1.19/SF
EGI
$58.8K $20.41/SF
− OpEx
−$17.7K −$6.12/SF
NOI
$41.2K $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%
$823,860
Cap Rate 7%
$588,471
Cap Rate 9%
$457,700
Alternative Uses
Best Use
Multifamily LT 5
$588.5K
$514.9K – $686.6K
NOI $41,193 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$541.2K
$473.5K – $631.4K
NOI $37,881 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$817.7K
$715.5K – $953.9K
NOI $57,236 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
851
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?
Duplex - Separate living quarters and a private entrance support multigenerational living or additional rental use.
Where is this duplex located?
The property is located at 16241 Chestnut Street Hesperia, CA.
What is the asking price?
The asking price for this property is $599,888.
What are key features of this property?
This property features: Primary residence plus detached 530 sq ft ADU; Main home includes 4 bedrooms and 3 bathrooms; ADU has 1 bedroom, 1 bathroom, full kitchen, and separate laundry
