Four-Residence Quadplex with
For Sale
$1,499,000
29682 Hook Creek Cedar, Cedar Glen, CA 92321
Four separate homes, multiple garages, and supporting outbuildings occupy a landscaped mountain property.
Property Size6,546 SF
Lot Size2.24 Acres
Price / SF$228.99
Days on Market30
Property Features for 29682 Hook Creek Cedar
General Information
Standard status
Active
Size
6,546 SF
Total Parking Spaces
6
Lot size
2.24 Acres
Property subtype
Quadruplex
Additional Details
Road Access
Yes
Multifamily Units
4
Amenities
koi pond
greenhouse
children's playhouse
art studio
screened porch
Fireplace
Central
Building Details
Year Built
1968
Stories
2
Listing Agency:
MOUNTAIN COUNTRY REALTY
Listed By:
WILLIAM JOHNSON
(951) 288-8762
Source:
Kw
Added: Sep 23
Changed: Oct 21
Last Checked: Oct 21 at 2:32AM
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 MOUNTAIN COUNTRY REALTY
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Investment Insights
Based on property information with market context.
The 2.24-acre property brings together four residences totaling approximately 6,546 sq. ft., along with three detached two-car garages and other outbuildings. The 3-bedroom main house is approximately 3,854 sq. ft. and includes a bonus room, game room, fireplace, and art studio. Other dwellings include a 620 sq. ft. guest house, an 829 sq. ft. log cabin with four sleeping rooms and a screened granite porch, and a 1,243 sq. ft. lighthouse-inspired house with two bedrooms, 1.5 baths, a kitchen, and living room.
The grounds include a koi pond, greenhouse, lawns, mature trees, a playhouse, and several utility and storage structures. Access is available from Hook Creek Road and Pineridge Drive, with a dirt road connecting to a circular drive at the lighthouse-inspired residence. The offering also includes vacant land across Hook Creek Road and northeast of the log cabin.
The grounds include a koi pond, greenhouse, lawns, mature trees, a playhouse, and several utility and storage structures. Access is available from Hook Creek Road and Pineridge Drive, with a dirt road connecting to a circular drive at the lighthouse-inspired residence. The offering also includes vacant land across Hook Creek Road and northeast of the log cabin.
Key Highlights
- Four residences totaling approximately 6,546 sq. ft. on approximately 2.24 acres
- Main house: approximately 3,854 sq. ft.; 3 bedrooms, bonus room, game room, and art studio
- Guest house: approximately 620 sq. ft.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,755
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,335,100
$1.3M
Cap Rate 7%
$953,643
$953.6K
Cap Rate 9%
$741,722
$741.7K
Market Conditions
NOI Build-Up for 6,546 SF
Gross rent
$101.3K $15.48/SF
− Vacancy
−$6.0K −$0.91/SF
EGI
$95.4K $14.57/SF
− OpEx
−$28.6K −$4.37/SF
NOI
$66.8K $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 Rate 5%
$1,335,100
Cap Rate 7%
$953,643
Cap Rate 9%
$741,722
Alternative Uses
Best Use
Multifamily LT 5
$953.6K
$834.4K – $1.11M
NOI $66,755 @ 7.0% cap · market cap 4.45%
Second Best
Apartment 5plus
$827.9K
$724.4K – $965.9K
NOI $57,951 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,655 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
Explore this area
Business Placement
Demographics for 92321, CA
1,310
Population
1,195
Households
1.1
Avg Household Size
46
Median Age
28%
College-Educated
89%
High-School Grad
7.1 sq mi
ZIP Area
185
Density / Sq Mi
$50,893
Median Household Income
$40,592
Median Earnings
$948
Median Rent
$480,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four separate homes, multiple garages, and supporting outbuildings occupy a landscaped mountain property.
Where is this quadplex located?
The property is located at 29682 Hook Creek Cedar Cedar Glen, CA.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Four residences totaling approximately 6,546 sq. ft. on approximately 2.24 acres; Main house: approximately 3,854 sq. ft.; 3 bedrooms, bonus room, game room, and art studio; Guest house: approximately 620 sq. ft.
