Triplex With Ranch
For Sale
$649,000
49397 Sapaque, Bradley, CA 93426
Bradley, CA
Property Size2,197 SF
Lot Size10.00 Acres
Price / SF$295.40
Days on Market200
Property Features for 49397 Sapaque
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Laundry Room, Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 4, Bathroom 2, Bedroom 4, Bathroom 3
Parking
3
Interior features
Ceiling Fan(s)
Fireplace
1
Lot features
Ranch, Pasture, Sloped Down, Agricultural - Tree/ Orchard, Agricultural - Vine/ Vineyard, Agricultural, Garden, Gentle Sloping, Corners Marked, Horse Property Improved, Secluded, 6-10 Units/ Acre
View
Canyon, Hills
Elementary school district
King City Joint Union
Middle school district
King City Joint Union
High school district
King City Joint Union
Directions
Bryson Hesperia Road to Sapaque rd follow it to the property.
Standard status
Active
APN
424301003000
Size
2,197 SF
Lot size
10.00 Acres
Utilities
Sewer type
Unknown, Private Sewer
Water source
Well, Private
Building Details
Year built
1981
Floors in Building
2
Number of units
3
Listing Agency:
Oak Shores Realty
(805) 472-9030
Listed By:
Timothy Ellis · License #01152831
(951) 392-9179
Added: Feb 3
Changed: Aug 20
Last Checked: Aug 22 at 11:06AM
MLS# NS26026624
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This triplex property includes three homes across 10 acres in Bradley. The residences were built in 1981 and include laundry areas, multiple bedrooms and bathrooms, ceiling fans, and fireplaces. On-site infrastructure includes a private well, private sewer, PG&E power, and solar generation. Mature oak trees and native vegetation contribute to the property's rural character, while the setting includes no easements crossing the land.
The property is near Hesperia Hall, Lake San Antonio, and Lake Nacimiento. Fort Hunter Liggett provides public hunting and fishing access, while Oak Hill Shopping Center is less than 30 minutes away for groceries, fuel, dining, postal services, and coffee. The property is located at 49397 Sapaque in Bradley, California 93426.
The property is near Hesperia Hall, Lake San Antonio, and Lake Nacimiento. Fort Hunter Liggett provides public hunting and fishing access, while Oak Hill Shopping Center is less than 30 minutes away for groceries, fuel, dining, postal services, and coffee. The property is located at 49397 Sapaque in Bradley, California 93426.
Key Highlights
- 10‑acre triplex property with three homes
- 2,197 square feet of property size
- Private well and private sewer
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
$38,373
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
5.91%
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%
$767,460
$767.5K
Cap Rate 7%
$548,186
$548.2K
Cap Rate 9%
$426,367
$426.4K
Market Conditions
NOI Build-Up for 2,197 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
$56.2K $25.56/SF
− Vacancy
−$1.3K −$0.61/SF
EGI
$54.8K $24.95/SF
− OpEx
−$16.4K −$7.49/SF
NOI
$38.4K $17.47/SF
Area
Monterey County, CA
Vacancy
2.38%
Lease Rate
$25.56 /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%
$767,460
Cap Rate 7%
$548,186
Cap Rate 9%
$426,367
Alternative Uses
Best Use
Multifamily LT 5
$548.2K
$479.7K – $639.6K
NOI $38,373 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$504.9K
$441.8K – $589.1K
NOI $35,344 @ 7.0% cap · market cap 5.45%
Theoretical Best
Specialty Retail
$838.9K
$734.0K – $978.7K
NOI $58,722 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
Explore this area
Business Placement
Demographics for 93426, CA
1,260
Population
1,372
Households
0.9
Avg Household Size
53
Median Age
23%
College-Educated
94%
High-School Grad
216.8 sq mi
ZIP Area
6
Density / Sq Mi
$103,317
Median Household Income
$57,831
Median Earnings
$876
Median Rent
$472,000
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?
Triplex - Three residences sit within a private rural setting supported by a well, private sewer, PG&E power, and solar.
Where is this triplex located?
The property is located at 49397 Sapaque Bradley, CA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 10‑acre triplex property with three homes; 2,197 square feet of property size; Private well and private sewer
