Building Details

Year Built 1945

Buildings 2

Listing Agency: Coldwell Banker The Wilkinson Team g***@gmail.com Show Phone

Listed By: Estela Gonzalez · License #02050561 Show Phone

Source: Exitrealty

Added: Jun 2 Changed: Aug 30 Last Checked: Aug 30 at 12:47AM

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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 Coldwell Banker The Wilkinson Team

Investment Insights

Based on property information with market context.

This duplex property comprises two detached residences situated on a single lot. The home at 340 W 9th St contains approximately 632 square feet with two bedrooms, one bathroom, a kitchen island with granite countertops, hardwood floors, a newer A/C unit, and a newer roof. The second residence at 326 W 9th St provides approximately 800 square feet, two bedrooms, one bathroom, and tile and laminate flooring throughout.

Combined building area is approximately 1,432 square feet. Both residences were built in 1945 and offer separate household configurations within the same property. The layout can accommodate multigenerational living or an owner-occupant arrangement with rental use of the additional home, as supported by the existing two-residence setup.

Key Highlights

• Two separate homes on one lot
• Approximately 1,432 square feet combined
• 340 W 9th St home: approximately 632 square feet, 2 bedrooms, and 1 bathroom

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

$12,818

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

3.61%

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%

$256,360 $256.4K

Cap Rate 7%

$183,114 $183.1K

Cap Rate 9%

$142,422 $142.4K

Market Conditions

NOI Build-Up for 1,432 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

$18.9K $13.20/SF

− Vacancy

−$592 −$0.41/SF

EGI

$18.3K $12.79/SF

− OpEx

−$5.5K −$3.84/SF

NOI

$12.8K $8.95/SF

Area

Imperial County, CA

Vacancy

3.13%

Lease Rate

$13.20 /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%

$256,360

Cap Rate 7%

$183,114

Cap Rate 9%

$142,422

Alternative Uses

Best Use

Multifamily LT 5

$183.1K

$160.2K – $213.6K (±1% cap)

NOI $12,818 @ 7.0% cap · market cap 3.61%

Second Best

Apartment 5plus

$169.7K

$148.5K – $198.0K (±1% cap)

NOI $11,881 @ 7.0% cap · market cap 3.35%

Theoretical Best

Office A

$365.3K

$319.6K – $426.2K (±1% cap)

NOI $25,570 @ 7.0% cap · market cap 7.20%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Dental Office Hair Salon Parking Lot & Garage Spa & Massage Center Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

159

Businesses Nearby

Explore this area Business Placement

Demographics for 92250, CA

7,883

Population

2,476

Households

3.2

Avg Household Size

38

Median Age

15%

College-Educated

71%

High-School Grad

352.4 sq mi

ZIP Area

22

Density / Sq Mi

$70,250

Median Household Income

$32,273

Median Earnings

$826

Median Rent

$278,600

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Duplex - Separate residences on one parcel support flexible living arrangements or rental use.

Where is this duplex located?

The property is located at 340 W 9th St Holtville, CA.

What is the asking price?

The asking price for this property is $355,000.

What are key features of this property?

This property features: Two separate homes on one lot; Approximately 1,432 square feet combined; 340 W 9th St home: approximately 632 square feet, 2 bedrooms, and 1 bathroom