Multifamily Property on
For Sale
$340,000
2610-2612 Double O Rd, Borrego Springs, CA 92004
Income-producing multifamily property with a quiet-street setting in Borrego Springs.
Property Size1,730 SF
Price / SF$196.53
Days on Market96
Property Features for 2610-2612 Double O Rd
General Information
Standard status
Active
Size
1,730 SF
Property subtype
Multi-Family
Additional Details
Road Access
Yes
Building Details
Year Built
1998
Listing Agency:
Road Runner Realty
Listed By:
David K Cragoe david@realsourceinc.com
Source:
Findahomenorthcountysandiego
Added: Jul 27
Changed: Oct 25
Last Checked: Oct 28 at 8:58AM
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 Road Runner Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property contains 1,730 square feet and was built in 1998. The asset is located at 2610-2612 Double O Rd in Borrego Springs, California, and is positioned on a cul-de-sac street.
The property is offered for sale as a residential income asset. Its two-address configuration supports its classification as a multifamily property, while the quiet cul-de-sac setting adds a defined neighborhood characteristic.
The property is offered for sale as a residential income asset. Its two-address configuration supports its classification as a multifamily property, while the quiet cul-de-sac setting adds a defined neighborhood characteristic.
Key Highlights
- 1,730‑square‑foot multifamily property
- Built in 1998
- Located at 2610‑2612 Double O Rd
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,745
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,900
$574.9K
Cap Rate 7%
$410,643
$410.6K
Cap Rate 9%
$319,389
$319.4K
Market Conditions
NOI Build-Up for 1,730 SF
Gross rent
$55.0K $31.80/SF
− Vacancy
−$2.8K −$1.59/SF
EGI
$52.3K $30.21/SF
− OpEx
−$23.5K −$13.59/SF
NOI
$28.7K $16.62/SF
Area
San Diego County, CA
Vacancy
5.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,900
Cap Rate 7%
$410,643
Cap Rate 9%
$319,389
Alternative Uses
Best Use
Apartment 5plus
$410.6K
$359.3K – $479.1K
NOI $28,745 @ 7.0% cap · market cap 8.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$792.6K
$693.6K – $924.7K
NOI $55,484 @ 7.0% cap · market cap 16.32%
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
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
Explore this area
Business Placement
Demographics for 92004, CA
3,414
Population
2,917
Households
1.2
Avg Household Size
60
Median Age
29%
College-Educated
90%
High-School Grad
914.9 sq mi
ZIP Area
4
Density / Sq Mi
$71,582
Median Household Income
$42,721
Median Earnings
$380,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Income-producing multifamily property with a quiet-street setting in Borrego Springs.
Where is this multifamily property located?
The property is located at 2610-2612 Double O Rd Borrego Springs, CA.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: 1,730‑square‑foot multifamily property; Built in 1998; Located at 2610‑2612 Double O Rd
