Two Residences, One
For Sale
$975,000
22862 Amp 22864 Temet, Wildomar, CA 92595
Two independent, fully permitted residences on one lot, no HOA.
Property Size2,300 SF
Price / SF$423.91
Days on Market168
Property Features for 22862 Amp 22864 Temet
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Residential Income
Amenities
Central
Inside
Detached/No Common Walls
Family Room
No
Building Details
Year Built
1987
Stories
1
Units
2
Listing Agency:
CALIFORNIA REALTY LEADERS
(951) 544-5059
Listed By:
VICTOR SERRATO · License #01147575
(951) 544-5059
Source:
Compass
Added: Mar 10
Changed: Aug 23
Last Checked: Aug 22 at 5:51AM
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 CALIFORNIA REALTY LEADERS
Investment Insights
Based on property information with market context.
This is a rare turn-key opportunity to own two completely independent, fully permitted residences on one lot with no HOA. Designed for maximum privacy, each unit features a modern open floor plan and its own private interior laundry room. Both units have separate addresses and individual mailboxes. There are completely separate utilities, including individual gas and electric meters. The main residence is a bright and spacious unit with 3 bedrooms and 2 bathrooms. The second residence features 2 bedrooms, 1 bathroom, indoor laundry room, central heating, and AC. The property is located within walking distance to local schools. This property is ideal for investors seeking high rental demand or families looking for a "house hack" to live in one and rent the other.
Key Highlights
- Two fully permitted, independent residences on one lot (separate addresses, mailboxes, utilities)
- No HOA
- Turn‑key condition
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
$40,411
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
4.14%
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%
$808,220
$808.2K
Cap Rate 7%
$577,300
$577.3K
Cap Rate 9%
$449,011
$449.0K
Market Conditions
NOI Build-Up for 2,300 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
$58.8K $25.56/SF
− Vacancy
−$1.1K −$0.46/SF
EGI
$57.7K $25.10/SF
− OpEx
−$17.3K −$7.53/SF
NOI
$40.4K $17.57/SF
Area
Riverside County, CA
Vacancy
1.80%
Lease Rate
$25.56 /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%
$808,220
Cap Rate 7%
$577,300
Cap Rate 9%
$449,011
Alternative Uses
Best Use
Multifamily LT 5
$577.3K
$505.1K – $673.5K
NOI $40,411 @ 7.0% cap · market cap 4.14%
Second Best
Apartment 5plus
$531.8K
$465.4K – $620.5K
NOI $37,229 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$689.0K
$602.9K – $803.9K
NOI $48,233 @ 7.0% cap · market cap 4.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
223
Businesses Nearby
Explore this area
Business Placement
Demographics for 92595, CA
34,405
Population
10,366
Households
3.3
Avg Household Size
37
Median Age
18%
College-Educated
86%
High-School Grad
21.5 sq mi
ZIP Area
1,600
Density / Sq Mi
$98,132
Median Household Income
$42,919
Median Earnings
$2,042
Median Rent
$523,500
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 - Two independent, fully permitted residences on one lot, no HOA.
Where is this duplex located?
The property is located at 22862 Amp 22864 Temet Wildomar, CA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Two fully permitted, independent residences on one lot (separate addresses, mailboxes, utilities); No HOA; Turn‑key condition
