Two-Home Duplex On One
For Sale
Contact for pricing
Pending
3967-3969 Rogers Road, Spring Valley, CA 91977
Duplex for sale with two separate residences, each offering open layouts, laundry rooms, and fenced outdoor space.
Property Size2,867 SF
Days on Market79
Property Features for 3967-3969 Rogers Road
General Information
Standard status
Pending
Size
2,867 SF
Property subtype
Multifamily
Building Details
Year Built
1951
Buildings
2
Units
2
Listing Agency:
Cabrillo Mortgage & Realty Service
(619) 246-8012
Listed By:
Brian Turner · License #01183765
Source:
Crexi
Added: Jun 12
Changed: Aug 8
Last Checked: Jul 25 at 11:45AM
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 Cabrillo Mortgage & Realty Service
Investment Insights
Based on property information with market context.
This for-sale duplex is configured as two separate homes on one lot. The main residence features 3 bedrooms and 2 bathrooms and is described as having an open floor plan, a separate master suite, a laundry room, a private patio, and access to a huge yard. The second home offers 4 bedrooms and 2 bathrooms with a split-bedroom layout, an open floor plan, and its own laundry room.
The property is listed as being in the Casa de Oro area. With two complete residences on-site, the overall setup supports occupants who want separation while still sharing one address and lot.
For buyers looking for residential income potential, this layout provides two distinct units within a single ownership structure, each with its own bedroom configuration and outdoor space. The main home’s private patio and yard, along with the second home’s fenced yard, can be practical for tenant or owner-occupant use. If you’re considering a purchase that combines two homes in one parcel, this property’s two-home configuration and separate living areas are central to its appeal.
The property is listed as being in the Casa de Oro area. With two complete residences on-site, the overall setup supports occupants who want separation while still sharing one address and lot.
For buyers looking for residential income potential, this layout provides two distinct units within a single ownership structure, each with its own bedroom configuration and outdoor space. The main home’s private patio and yard, along with the second home’s fenced yard, can be practical for tenant or owner-occupant use. If you’re considering a purchase that combines two homes in one parcel, this property’s two-home configuration and separate living areas are central to its appeal.
Key Highlights
- Two homes on one lot with a main residence plus a second fenced‑yard home
- Main residence: 3 bed, 2 bath, 1,684 SF with open floor plan and separate master suite
- Main residence includes a laundry room, private patio, and huge yard
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
$51,369
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
4.30%
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%
$1,027,380
$1.0M
Cap Rate 7%
$733,843
$733.8K
Cap Rate 9%
$570,767
$570.8K
Market Conditions
NOI Build-Up for 2,867 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
$77.4K $27.00/SF
− Vacancy
−$4.0K −$1.40/SF
EGI
$73.4K $25.60/SF
− OpEx
−$22.0K −$7.68/SF
NOI
$51.4K $17.92/SF
Area
San Diego County, CA
Vacancy
5.20%
Lease Rate
$27.00 /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%
$1,027,380
Cap Rate 7%
$733,843
Cap Rate 9%
$570,767
Alternative Uses
Best Use
Multifamily LT 5
$733.8K
$642.1K – $856.2K
NOI $51,369 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$680.5K
$595.5K – $794.0K
NOI $47,637 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,950 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
695
Businesses Nearby
Explore this area
Business Placement
Demographics for 91977, CA
60,795
Population
20,026
Households
3
Avg Household Size
36
Median Age
26%
College-Educated
88%
High-School Grad
9.9 sq mi
ZIP Area
6,141
Density / Sq Mi
$92,407
Median Household Income
$46,706
Median Earnings
$1,897
Median Rent
$623,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex for sale with two separate residences, each offering open layouts, laundry rooms, and fenced outdoor space.
Where is this duplex located?
The property is located at 3967-3969 Rogers Road Spring Valley, CA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Two homes on one lot with a main residence plus a second fenced‑yard home; Main residence: 3 bed, 2 bath, 1,684 SF with open floor plan and separate master suite; Main residence includes a laundry room, private patio, and huge yard
