Lakefront Area Duplex with
For Sale
$385,000
Pending
23196 Lone Pine Drive, Auburn, CA 95602
Duplex with spacious, sunlit rooms and an attached 2-car garage, set within a recreation-focused community.
Property Size1,398 SF
Days on Market63
Property Features for 23196 Lone Pine Drive
General Information
Standard status
Pending
Size
1,398 SF
Total Parking Spaces
2
Property subtype
Multi Family
Building Details
Year Built
1986
Listing Agency:
Allison James Estates & Homes
(530) 718-0014
Listed By:
Jeannie E. DePalma · License #00875263
(530) 718-0014
Source:
Exitrealty
Added: Jun 11
Changed: Aug 8
Last Checked: Aug 12 at 3:54AM
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 Allison James Estates & Homes
Investment Insights
Based on property information with market context.
This Lake of the Pines 1/2 duplex offers a practical, comfortable layout with large rooms and good natural light. The kitchen includes a breakfast bar and ample cabinet space, supporting day-to-day living and entertaining. Each unit benefits from an attached 2-car garage, providing convenient parking and storage.
The property is part of the Lake of the Pines community, which includes a clubhouse and a sports lounge, along with a family pavilion. Residents can access a range of on-site recreation options such as boating, a 19-hole golf course, pickleball, bocce ball, tennis, fishing, kayaking, paddleboarding, and sailing.
For buyers seeking a well-proportioned residential income property or a comfortable duplex home within an amenity-rich community, this configuration provides straightforward functionality. The combination of spacious interiors, a built-in garage for each side, and access to extensive community facilities can support a variety of resident lifestyles while keeping day-to-day logistics simple.
The property is part of the Lake of the Pines community, which includes a clubhouse and a sports lounge, along with a family pavilion. Residents can access a range of on-site recreation options such as boating, a 19-hole golf course, pickleball, bocce ball, tennis, fishing, kayaking, paddleboarding, and sailing.
For buyers seeking a well-proportioned residential income property or a comfortable duplex home within an amenity-rich community, this configuration provides straightforward functionality. The combination of spacious interiors, a built-in garage for each side, and access to extensive community facilities can support a variety of resident lifestyles while keeping day-to-day logistics simple.
Key Highlights
- Lake of the Pines 1/2 duplex built in 1986
- Spacious rooms with plenty of sunlight
- Kitchen with breakfast bar and plenty of cabinets
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
$23,601
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
6.13%
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%
$472,020
$472.0K
Cap Rate 7%
$337,157
$337.2K
Cap Rate 9%
$262,233
$262.2K
Market Conditions
NOI Build-Up for 1,398 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
$35.6K $25.44/SF
− Vacancy
−$1.8K −$1.32/SF
EGI
$33.7K $24.12/SF
− OpEx
−$10.1K −$7.24/SF
NOI
$23.6K $16.88/SF
Area
Placer County, CA
Vacancy
5.20%
Lease Rate
$25.44 /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%
$472,020
Cap Rate 7%
$337,157
Cap Rate 9%
$262,233
Alternative Uses
Best Use
Multifamily LT 5
$337.2K
$295.0K – $393.4K
NOI $23,601 @ 7.0% cap · market cap 6.13%
Second Best
Apartment 5plus
$307.7K
$269.2K – $359.0K
NOI $21,537 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$541.2K
$473.6K – $631.4K
NOI $37,885 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
214
Businesses Nearby
Explore this area
Business Placement
Demographics for 95602, CA
18,364
Population
8,132
Households
2.3
Avg Household Size
53
Median Age
35%
College-Educated
93%
High-School Grad
49.7 sq mi
ZIP Area
369
Density / Sq Mi
$102,063
Median Household Income
$51,554
Median Earnings
$1,730
Median Rent
$646,900
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 - Duplex with spacious, sunlit rooms and an attached 2-car garage, set within a recreation-focused community.
Where is this duplex located?
The property is located at 23196 Lone Pine Drive Auburn, CA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Lake of the Pines 1/2 duplex built in 1986; Spacious rooms with plenty of sunlight; Kitchen with breakfast bar and plenty of cabinets
