Craftsman Duplex with Guest
For Sale
$839,000
3660 Linwood, Riverside, CA 92506
Historic character, updated kitchens, and separate laundry areas across both residences.
Property Size1,956 SF
Days on Market33
Property Features for 3660 Linwood
General Information
Standard status
Active
Size
1,956 SF
Property subtype
Investment
Building Details
Building Size
1,956 SF
Year Built
1912
Stories
1
Units
2
Listing Agency:
(951) 682-1133
Listed By:
COLLEEN HORGAN · License #01744762
(951) 682-1133
Source:
Elliman
Added: Jul 30
Changed: Aug 28
Last Checked: Aug 31 at 5:09PM
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 COLLEEN HORGAN
Investment Insights
Based on property information with market context.
Built in 1912, this Craftsman duplex property includes a main residence and a recently remodeled 1-bedroom guest house. The main home features a welcoming porch with stone pillars, beamed ceilings, wood floors, original built-in china hutch, fireplace, large windows, breakfast nook, multiple bedrooms, two full bathrooms, an updated kitchen, replaced appliances, and a laundry room with added storage cabinets.
Located at 3660 Linwood in Riverside, the guest house sits behind the garage and includes a private entry, updated kitchen and appliances, open-concept eating and living areas, an updated bathroom, and a private laundry area. The property also offers a large rear yard with mature landscaping and a garage. Walk Score is 32, Bike Score is 56, and Transit Score is 35.
Located at 3660 Linwood in Riverside, the guest house sits behind the garage and includes a private entry, updated kitchen and appliances, open-concept eating and living areas, an updated bathroom, and a private laundry area. The property also offers a large rear yard with mature landscaping and a garage. Walk Score is 32, Bike Score is 56, and Transit Score is 35.
Key Highlights
- Main residence and recently remodeled 1‑bedroom guest house
- Main home built in 1912 with original Craftsman features
- Main residence includes 2 full bathrooms and an updated kitchen
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
$33,883
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
4.04%
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%
$677,660
$677.7K
Cap Rate 7%
$484,043
$484.0K
Cap Rate 9%
$376,478
$376.5K
Market Conditions
NOI Build-Up for 1,956 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
$49.3K $25.20/SF
− Vacancy
−$887 −$0.45/SF
EGI
$48.4K $24.75/SF
− OpEx
−$14.5K −$7.42/SF
NOI
$33.9K $17.32/SF
Area
ZIP 92506
Vacancy
1.80%
Lease Rate
$25.20 /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%
$677,660
Cap Rate 7%
$484,043
Cap Rate 9%
$376,478
Alternative Uses
Best Use
Multifamily LT 5
$484.0K
$423.5K – $564.7K
NOI $33,883 @ 7.0% cap · market cap 4.04%
Second Best
Apartment 5plus
$434.2K
$379.9K – $506.6K
NOI $30,394 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$671.1K
$587.2K – $782.9K
NOI $46,974 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
990
Businesses Nearby
Explore this area
Business Placement
Demographics for 92506, CA
45,185
Population
15,407
Households
2.9
Avg Household Size
41
Median Age
42%
College-Educated
93%
High-School Grad
16.2 sq mi
ZIP Area
2,789
Density / Sq Mi
$120,877
Median Household Income
$51,224
Median Earnings
$1,814
Median Rent
$634,900
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 - Historic character, updated kitchens, and separate laundry areas across both residences.
Where is this duplex located?
The property is located at 3660 Linwood Riverside, CA.
What is the asking price?
The asking price for this property is $839,000.
What are key features of this property?
This property features: Main residence and recently remodeled 1‑bedroom guest house; Main home built in 1912 with original Craftsman features; Main residence includes 2 full bathrooms and an updated kitchen
