Building Details

Building Size 1,780 SF

Year Built 1978

Buildings 1

Stories 2

Units 3

Listing Agency: Bullock Russell RE Services

Listed By: Flo Bullock · License #01343119 Show Phone

Source: Elliman

Added: Aug 8 Changed: Aug 25 Last Checked: Sep 2 at 6:23PM

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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 Bullock Russell RE Services

Investment Insights

Based on property information with market context.

This townhome-style property in the gated community of Coto de Caza is configured as three separate living spaces. The lower residence includes one bedroom, an open main living area with high ceilings, a skylight, fireplace, private rear patio, remodeled kitchen, interior balcony, and in-unit laundry. Two upper-level studio units each provide a kitchenette and private full ensuite bathroom.

The property includes a 2-car attached garage plus two assigned parking spaces, providing four total parking spaces. A shared washer and dryer serves the upper units. Paid-off solar panels are also installed. The home is located within 100 feet of the association pool and greenbelt. The three-unit arrangement can also be opened into a 3-bedroom, 3-bath residence, according to the described layout.

Key Highlights

• Three separate living spaces: one 1‑bedroom unit and two studio units
• Two upper‑level studios include dedicated kitchenettes and private full ensuite baths
• 2‑car attached garage plus 2 assigned parking spaces; 4 total spaces

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

$37,546

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

3.77%

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%

$750,920 $750.9K

Cap Rate 7%

$536,371 $536.4K

Cap Rate 9%

$417,178 $417.2K

Market Conditions

NOI Build-Up for 1,780 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

$55.5K $31.20/SF

− Vacancy

−$1.9K −$1.07/SF

EGI

$53.6K $30.13/SF

− OpEx

−$16.1K −$9.04/SF

NOI

$37.5K $21.09/SF

Area

Orange County, CA

Vacancy

3.42%

Lease Rate

$31.20 /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%

$750,920

Cap Rate 7%

$536,371

Cap Rate 9%

$417,178

Alternative Uses

Best Use

Multifamily LT 5

$536.4K

$469.3K – $625.8K (±1% cap)

NOI $37,546 @ 7.0% cap · market cap 3.77%

Second Best

Apartment 5plus

$485.4K

$424.7K – $566.3K (±1% cap)

NOI $33,975 @ 7.0% cap · market cap 3.41%

Theoretical Best

Office A

$597.9K

$523.1K – $697.5K (±1% cap)

NOI $41,851 @ 7.0% cap · market cap 4.21%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Auto Repair Shop Building Supply Bakery Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

Location Intelligence

Trade Area within ½ mile

106

Businesses Nearby

Explore this area Business Placement

Demographics for 92679, CA

31,016

Population

10,904

Households

2.8

Avg Household Size

45

Median Age

61%

College-Educated

98%

High-School Grad

25.2 sq mi

ZIP Area

1,231

Density / Sq Mi

$207,652

Median Household Income

$89,342

Median Earnings

$3,276

Median Rent

$1,242,900

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Triplex - Configured with one one-bedroom residence and two studio units, each with separate living accommodations.

Where is this triplex located?

The property is located at 23541 Avenida La Caza Coto de Caza, CA.

What is the asking price?

The asking price for this property is $995,000.

What are key features of this property?

This property features: Three separate living spaces: one 1‑bedroom unit and two studio units; Two upper‑level studios include dedicated kitchenettes and private full ensuite baths; 2‑car attached garage plus 2 assigned parking spaces; 4 total spaces