Building Details

Year Built 1981

Buildings 2

Listing Agency: Comet Realty

Listed By: Timothy David Townley Show Phone

Source: Santaynezvalleyhomesforsale

Added: Aug 16 Changed: Oct 25 Last Checked: Oct 26 at 4:31PM

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Investment Insights

Based on property information with market context.

This 2,396-square-foot duplex includes two fully detached residences on one lot, each with its own entrance, laundry, and air conditioning. The front home provides two bedrooms, an open living and kitchen arrangement with a breakfast bar, private decks, and a long driveway. The rear residence includes three bedrooms, a kitchen connected to the living area, multiple decks, a private driveway, carport, and alley access. Both homes are arranged independently without an interior connection.

The gated property also includes landscaped outdoor areas, patios, decks, and storage sheds. It was built in 1981 and is located at 22363 H St Unit A in Santa Margarita, near the elementary school, library, local market, restaurants, and wine tasting rooms. San Luis Obispo is approximately 15 minutes away.

Key Highlights

• Two fully detached homes on one lot
• 2,396 square feet built in 1981
• Front residence includes 2 bedrooms and private decks

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$50,101

Cap Rate

5.60%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,002,020 $1.0M

Cap Rate 7%

$715,729 $715.7K

Cap Rate 9%

$556,678 $556.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,396 SF

Gross rent

$73.3K $30.60/SF

− Vacancy

−$1.7K −$0.73/SF

EGI

$71.6K $29.87/SF

− OpEx

−$21.5K −$8.96/SF

NOI

$50.1K $20.91/SF

Area

San Luis Obispo County, CA

Vacancy

2.38%

Lease Rate

$30.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,002,020

Cap Rate 7%

$715,729

Cap Rate 9%

$556,678

Alternative Uses

Best Use

Multifamily LT 5

$715.7K

$626.3K – $835.0K (±1% cap)

NOI $50,101 @ 7.0% cap · market cap 5.60%

Second Best

Apartment 5plus

$660.8K

$578.2K – $770.9K (±1% cap)

NOI $46,255 @ 7.0% cap · market cap 5.17%

Theoretical Best

Healthcare Medical

$942.3K

$824.5K – $1.10M (±1% cap)

NOI $65,962 @ 7.0% cap · market cap 7.37%

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

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

6

Businesses Nearby

Explore this area Business Placement

Demographics for 93453, CA

3,045

Population

1,151

Households

2.6

Avg Household Size

45

Median Age

39%

College-Educated

99%

High-School Grad

691.4 sq mi

ZIP Area

4

Density / Sq Mi

$70,288

Median Household Income

$43,665

Median Earnings

$638

Median Rent

$720,100

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Two independent residences offer private entrances, outdoor areas, parking, laundry, and air conditioning within a gated property.

Where is this duplex located?

The property is located at 22363 H St Unit A Santa Margarita, CA.

What is the asking price?

The asking price for this property is $895,000.

What are key features of this property?

This property features: Two fully detached homes on one lot; 2,396 square feet built in 1981; Front residence includes 2 bedrooms and private decks