Borrego Springs Investment
For Sale
$325,000
Pending
2701 Double O Road, Borrego Springs, CA 92004
Duplex with long-term renters near town in Borrego Springs.
Property Size1,688 SF
Days on Market164
Property Features for 2701 Double O Road
General Information
Standard status
Pending
Size
1,688 SF
Property subtype
Residential Income
Amenities
1 Story
Central Forced Air
Forced Air Unit
2.0
1
2
4
Composition
N/K
Stucco, Wood
Building Details
Year Built
1992
Listing Agency:
Road Runner Realty
Listed By:
David K Cragoe · License #01521474
(619) 741-6400
Source:
Compass
Added: May 4
Changed: Oct 13
Last Checked: Oct 12 at 10:29PM
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
Investment Insights
Based on property information with market context.
This investment property is located close to town and features two units, both of which are currently occupied by long-term renters. The property has a walk score of 44, indicating that it is car-dependent, and a bike score of 38, suggesting it is somewhat bikeable.
Key Highlights
- Great investment property
- Close to town
- Both units have long term renters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,047
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$560,940
$560.9K
Cap Rate 7%
$400,671
$400.7K
Cap Rate 9%
$311,633
$311.6K
Market Conditions
NOI Build-Up for 1,688 SF
Gross rent
$53.7K $31.80/SF
− Vacancy
−$2.7K −$1.59/SF
EGI
$51.0K $30.21/SF
− OpEx
−$22.9K −$13.59/SF
NOI
$28.0K $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%
$560,940
Cap Rate 7%
$400,671
Cap Rate 9%
$311,633
Alternative Uses
Best Use
Multifamily LT 5
$432.1K
$378.1K – $504.1K
NOI $30,244 @ 7.0% cap · market cap 9.31%
Second Best
Apartment 5plus
$400.7K
$350.6K – $467.5K
NOI $28,047 @ 7.0% cap · market cap 8.63%
Theoretical Best
Office A
$773.4K
$676.7K – $902.3K
NOI $54,137 @ 7.0% cap · market cap 16.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
105
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with long-term renters near town in Borrego Springs.
Where is this duplex located?
The property is located at 2701 Double O Road Borrego Springs, CA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Great investment property; Close to town; Both units have long term renters
