Occupied Triplex with Separate
New
For Sale
$599,000
50054 Main, Cabazon, CA 92230
Three-unit residential property with full occupancy across two separate structures.
Property Size1,878 SF
Lot Size0.62 Acres
Days on Market2
Property Features for 50054 Main
General Information
Standard status
Active
Size
1,878 SF
Lot size
0.62 Acres
Property subtype
Investment
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Building Details
Building Size
1,878 SF
Year Built
1955
Units
3
Listed By:
Bounlong Nay
Source:
Elliman
Added: Sep 9
Last Checked: Sep 9 at 4:05PM
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 Bounlong Nay
Investment Insights
Based on property information with market context.
This triplex includes two separate dwellings on a lot measuring over 27,000 square feet. One dwelling is a two-bedroom, one-bathroom single-family residence. The second dwelling is a duplex with a shared wall, consisting of one two-bedroom, one-bathroom unit and one one-bedroom, one-bathroom unit.
Built in 1955, the property is fully occupied. The location has a Walk Score of 22, classified as Car-Dependent, and a Bike Score of 23, classified as Somewhat Bikeable. The property is located at 50054 Main in Cabazon, California.
Built in 1955, the property is fully occupied. The location has a Walk Score of 22, classified as Car-Dependent, and a Bike Score of 23, classified as Somewhat Bikeable. The property is located at 50054 Main in Cabazon, California.
Key Highlights
- Three‑unit property with two separate dwellings
- Over 27,000‑square‑foot lot
- Unit mix includes two 2‑bedroom/1‑bathroom units and one 1‑bedroom/1‑bathroom unit
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
$32,996
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
5.51%
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%
$659,920
$659.9K
Cap Rate 7%
$471,371
$471.4K
Cap Rate 9%
$366,622
$366.6K
Market Conditions
NOI Build-Up for 1,878 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
$48.0K $25.56/SF
− Vacancy
−$864 −$0.46/SF
EGI
$47.1K $25.10/SF
− OpEx
−$14.1K −$7.53/SF
NOI
$33.0K $17.57/SF
Area
Riverside County, CA
Vacancy
1.80%
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%
$659,920
Cap Rate 7%
$471,371
Cap Rate 9%
$366,622
Alternative Uses
Best Use
Multifamily LT 5
$471.4K
$412.5K – $549.9K
NOI $32,996 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$434.3K
$380.0K – $506.6K
NOI $30,398 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$562.6K
$492.3K – $656.4K
NOI $39,383 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
Explore this area
Business Placement
Demographics for 92230, CA
2,650
Population
926
Households
2.9
Avg Household Size
36
Median Age
12%
College-Educated
77%
High-School Grad
11.7 sq mi
ZIP Area
226
Density / Sq Mi
$90,068
Median Household Income
$42,280
Median Earnings
$1,524
Median Rent
$260,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Triplex - Three-unit residential property with full occupancy across two separate structures.
Where is this triplex located?
The property is located at 50054 Main Cabazon, CA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Three‑unit property with two separate dwellings; Over 27,000‑square‑foot lot; Unit mix includes two 2‑bedroom/1‑bathroom units and one 1‑bedroom/1‑bathroom unit
