Updated Duplex with Two
For Sale
$1,150,000
2356 2358 5th Street, La Verne, CA 91750
Two separate living spaces share one lot, including a front residence with a garage and a rear one-bedroom home.
Property Size2,027 SF
Days on Market9
Property Features for 2356 2358 5th Street
General Information
Standard status
Active
Size
2,027 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Building Details
Building Size
2,027 SF
Year Built
1919
Listing Agency:
NEW HARVEST REALTY
(909) 921-2544
Listed By:
Lisa Di Noto · License #01804308
Source:
Camdenmckayre
Added: Aug 3
Changed: Aug 9
Last Checked: Aug 10 at 9:20AM
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 NEW HARVEST REALTY
Investment Insights
Based on property information with market context.
This duplex property includes two distinct residences on a single lot. The front home at 2356 5th Street contains 3 bedrooms, 2 bathrooms, an updated interior, a front porch, and a 2-car garage. The rear home at 2358 5th Street provides 1 bedroom and 1 bathroom, creating a separate second living space.
Built in 1919, the property is near Downtown La Verne, the University of La Verne, shopping, dining, parks, schools, and major commuter routes. The two-home configuration supports a range of occupancy arrangements, including multigenerational living, owner occupancy with a separate residence, or use of the rear home as an additional household space.
Built in 1919, the property is near Downtown La Verne, the University of La Verne, shopping, dining, parks, schools, and major commuter routes. The two-home configuration supports a range of occupancy arrangements, including multigenerational living, owner occupancy with a separate residence, or use of the rear home as an additional household space.
Key Highlights
- Two separate residences situated on one lot
- Front home includes 3 bedrooms, 2 bathrooms, and a 2‑car garage
- Rear residence offers 1 bedroom and 1 bathroom
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
$35,399
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
3.08%
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%
$707,980
$708.0K
Cap Rate 7%
$505,700
$505.7K
Cap Rate 9%
$393,322
$393.3K
Market Conditions
NOI Build-Up for 2,027 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
$54.7K $27.00/SF
− Vacancy
−$4.2K −$2.05/SF
EGI
$50.6K $24.95/SF
− OpEx
−$15.2K −$7.48/SF
NOI
$35.4K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /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%
$707,980
Cap Rate 7%
$505,700
Cap Rate 9%
$393,322
Alternative Uses
Best Use
Multifamily LT 5
$505.7K
$442.5K – $590.0K
NOI $35,399 @ 7.0% cap · market cap 3.08%
Second Best
Apartment 5plus
$465.9K
$407.7K – $543.6K
NOI $32,616 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$1.09M
$949.6K – $1.27M
NOI $75,967 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
864
Businesses Nearby
Explore this area
Business Placement
Demographics for 91750, CA
33,376
Population
12,928
Households
2.6
Avg Household Size
46
Median Age
41%
College-Educated
93%
High-School Grad
18.5 sq mi
ZIP Area
1,804
Density / Sq Mi
$104,827
Median Household Income
$56,417
Median Earnings
$2,217
Median Rent
$789,100
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 separate living spaces share one lot, including a front residence with a garage and a rear one-bedroom home.
Where is this duplex located?
The property is located at 2356 2358 5th Street La Verne, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Two separate residences situated on one lot; Front home includes 3 bedrooms, 2 bathrooms, and a 2‑car garage; Rear residence offers 1 bedroom and 1 bathroom
