Duplex on
New
For Sale
$340,000
2610-2612 Double O RD, Borrego Springs, CA 92004
Residential Income, Borrego Springs, CA
Property Size1,730 SF
Lot Size0.60 Acres
Price / SF$196.53
Days on Market2
Property Features for 2610-2612 Double O RD
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 3
Pets allowed
Yes
Exterior features
Cul-De-Sac, Public Street, Street Paved
Subdivision
BORREGO SPRINGS
Standard status
Active
APN
198-061-21-00
Size
1,730 SF
Lot size
0.60 Acres
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1998
Floors in Building
1
Number of units
2
Roof type
Rolled Hot Mop
Listing Agency:
Road Runner Realty
(760) 767-5002
Listed By:
David K Cragoe · License #01521474
(619) 741-6400
Added: Sep 2
Last Checked: Sep 3 at 9:06AM
MLS# 260021453
Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex includes 1,730 square feet on a 0.6-acre parcel, with four bedrooms and two bathrooms identified across the property’s room layout. The building dates to 1998 and is equipped with central air conditioning and forced-air heating. A rolled hot mop roof completes the exterior improvements.
The property fronts a paved public street and sits on a cul-de-sac in Borrego Springs, California. Its residential configuration and two-unit classification provide a clear basis for evaluating the property as a duplex.
The property fronts a paved public street and sits on a cul-de-sac in Borrego Springs, California. Its residential configuration and two-unit classification provide a clear basis for evaluating the property as a duplex.
Key Highlights
- Duplex configuration with 1,730 square feet
- Four bedrooms and two bathrooms
- Situated on a 0.6‑acre parcel
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
$30,997
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
9.12%
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%
$619,940
$619.9K
Cap Rate 7%
$442,814
$442.8K
Cap Rate 9%
$344,411
$344.4K
Market Conditions
NOI Build-Up for 1,730 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
$46.7K $27.00/SF
− Vacancy
−$2.4K −$1.40/SF
EGI
$44.3K $25.60/SF
− OpEx
−$13.3K −$7.68/SF
NOI
$31.0K $17.92/SF
Area
San Diego County, CA
Vacancy
5.20%
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%
$619,940
Cap Rate 7%
$442,814
Cap Rate 9%
$344,411
Alternative Uses
Best Use
Multifamily LT 5
$442.8K
$387.5K – $516.6K
NOI $30,997 @ 7.0% cap · market cap 9.12%
Second Best
Apartment 5plus
$410.6K
$359.3K – $479.1K
NOI $28,745 @ 7.0% cap · market cap 8.45%
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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Built in 1998 with central air and forced-air heating.
Where is this duplex 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: Duplex configuration with 1,730 square feet; Four bedrooms and two bathrooms; Situated on a 0.6‑acre parcel
