Upscale Duplex with Solar
For Sale
$999,500
Pending
29329 Kemper Ln, Highland, CA 92346
Two separately addressed homes feature designer finishes, independent utilities, and flexible owner-occupant or rental use.
Property Size3,151 SF
Days on Market42
Property Features for 29329 Kemper Ln
General Information
Standard status
Pending
Size
3,151 SF
Property subtype
Investment
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 4BR/3BA, 1 x 2BR/2BA
Multifamily Units
2
Amenities
solar panels
fireplace
central air conditioning
landscaped yard
views
Building Details
Building Size
3,151 SF
Year Built
2026
Stories
2
Units
2
Listing Agency:
eXp Realty of California, Inc.
(909) 790-5556
Listed By:
MIKE BRITTINGHAM · License #01446401
(909) 790-5556
Source:
Elliman
Added: Jul 21
Changed: Aug 30
Last Checked: Aug 30 at 1:03PM
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 eXp Realty of California, Inc.
Investment Insights
Based on property information with market context.
This newly built duplex includes a primary residence and a detached accessory dwelling unit arranged across a landscaped view lot. The main home provides 4 bedrooms, 3 baths, and approximately 2,070 square feet, with a great room fireplace, quartz island, two-tone cabinetry, a main-level bedroom and full bath, and an upstairs suite with valley and hill views. The separate 2-bedroom, 2-bath ADU contains approximately 990 square feet, including its own kitchen, laundry room, and private suite. Both residences have independent gas and electric meters, solar panels, central AC, and durable tile and water-resistant laminate flooring. Designer tilework, glass shower enclosures, LED mirrors, walk-in closets, and pre-wiring for ceiling fans and televisions extend throughout the homes.
The property has separate addresses, a Certificate of Occupancy in hand, and no HOA. It is near schools, parks, shopping, the 10 and 210 freeways, and the communities of Redlands and Loma Linda. Nearby hospitals and universities contribute to the surrounding rental market context.
The property has separate addresses, a Certificate of Occupancy in hand, and no HOA. It is near schools, parks, shopping, the 10 and 210 freeways, and the communities of Redlands and Loma Linda. Nearby hospitals and universities contribute to the surrounding rental market context.
Key Highlights
- Two residences with separate addresses, gas meters, and electric meters
- Main home: 4 bedrooms, 3 baths, approximately 2,070 square feet
- Detached ADU: 2 bedrooms, 2 baths, approximately 990 square feet
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
$32,133
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
3.21%
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%
$642,660
$642.7K
Cap Rate 7%
$459,043
$459.0K
Cap Rate 9%
$357,033
$357.0K
Market Conditions
NOI Build-Up for 3,151 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
$48.8K $15.48/SF
− Vacancy
−$2.9K −$0.91/SF
EGI
$45.9K $14.57/SF
− OpEx
−$13.8K −$4.37/SF
NOI
$32.1K $10.20/SF
Area
San Bernardino County, CA
Vacancy
5.89%
Lease Rate
$15.48 /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%
$642,660
Cap Rate 7%
$459,043
Cap Rate 9%
$357,033
Alternative Uses
Best Use
Multifamily LT 5
$459.0K
$401.7K – $535.6K
NOI $32,133 @ 7.0% cap · market cap 3.21%
Second Best
Apartment 5plus
$398.5K
$348.7K – $464.9K
NOI $27,895 @ 7.0% cap · market cap 2.79%
Theoretical Best
Office A
$664.7K
$581.6K – $775.4K
NOI $46,526 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
Explore this area
Business Placement
Demographics for 92346, CA
57,812
Population
18,075
Households
3.2
Avg Household Size
36
Median Age
25%
College-Educated
84%
High-School Grad
27.1 sq mi
ZIP Area
2,133
Density / Sq Mi
$84,818
Median Household Income
$40,066
Median Earnings
$1,654
Median Rent
$461,500
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 separately addressed homes feature designer finishes, independent utilities, and flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 29329 Kemper Ln Highland, CA.
What is the asking price?
The asking price for this property is $999,500.
What are key features of this property?
This property features: Two residences with separate addresses, gas meters, and electric meters; Main home: 4 bedrooms, 3 baths, approximately 2,070 square feet; Detached ADU: 2 bedrooms, 2 baths, approximately 990 square feet
